Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-329-375"
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"en.20120523.15.3-329-375"2
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"I voted for the resolution because I believe that in a global economy, China needs Europe just as much as Europe needs China. Today, we have voted for a text which sets out to protect the interests of European industry and craft industries and aims to establish a new trade agreement based on reciprocal rules and transparency in trade relations. While the EU is still the largest trading partner and the main destination for Chinese exports, the growth in the trade deficit means that it is necessary to rebalance the relationship. Between 2000 and 2010, the EU’s trade deficit with Asia rose from EUR 49 billion to EUR 169 billion. According to the text adopted, however, China has increased unfair practices and obstacles to restrict access by foreign firms to its market. These include unfair trade strategies, customs fees, a lowering of the yuan’s exchange rate and the absence of intellectual property law. In view of these restrictions, and in order to limit conduct of this kind, Brussels ought to urge Beijing to make use of the procedure for settling business disputes proposed by the World Trade Organisation (WTO). The EU should also promote cooperation with developing countries in order to step up the fight against counterfeiting."@en1
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