What is the European Union’s ‘free trade agreement’ with China?
This is the first in a series of posts on what the European Commission says is the EU’s free trade agreement with China.
The deal was signed in March 2015 and has since been subject to a number of delays.
In April 2017, China was found to have violated EU law by conducting a systematic campaign of state-sponsored harassment against foreign citizens.
It has been widely reported that Chinese authorities have used state-controlled media to spread disinformation on the subject.
China’s government has also made a series (in Chinese) of threats against European countries.
The EU has accused Beijing of committing serious violations of human rights and has imposed sanctions on it.
What is the China-EU relationship?
The EU and China have an economic relationship that dates back at least to the mid-1990s.
China is the second-largest economy in the world after the United States and accounts for almost a third of the world’s trade.
China and the EU have a common set of economic interests that are shared through bilateral cooperation.
EU officials say that the EU is committed to “cooperation between Europe and China and will continue to do so”.
The two sides also have a number for trade and investment cooperation, which is based on the principle of mutual benefits.
China has become a major market for the EU in recent years, with a steady flow of goods and services from the two countries.
In 2019, China agreed to open up its markets to the EU and open up more EU businesses.
What is China-Europe trade?
The EU is the largest market for Chinese goods in the EU, but China is not the only market for EU goods.
China also buys goods from a number other EU countries, as well as a number smaller EU economies.
According to the European Council on Foreign Relations (ECFR), the EU exports more than $1.5tn of goods to China every year.
The trade volume of goods between the EU-China trade is estimated at more than €3.5trn.
How is the Chinese-EU trade different?
In a joint statement on June 30, the European Commissioner for Economic and Monetary Affairs Pierre Moscovici and the European Banking Authority (EBA) described the EU/China trade relationship as “an important part of the EU´s strategic cooperation strategy”.
The statement added that the European countries’ cooperation is based “on mutual benefit and mutual benefit is at the core of the European economic relationship”.
What can the EU do about the trade deal with China and how is it affecting its economy?
China is the world´s largest consumer of goods, accounting for almost half of all global imports of EU goods in 2018.
The European Union has a direct interest in promoting China´s accession to the WTO, in which China is one of the largest trading partners.
China, however, has repeatedly complained that the agreement is unfair to Chinese workers.
It also wants to restrict access to EU markets and has accused the EU of being a “soft power” and a “protectionist” country.
In 2018, the EU agreed to an ambitious new trade and development agenda, which would focus on “economic and financial cooperation”.
The EBA is concerned that China is pursuing a trade agreement that is “based on the assumption that it will not be challenged in the WTO”.
How are EU and Chinese businesses doing together?
EU officials say there is no direct direct relationship between the two companies.
But EU-Chinese trade is a significant source of EU- Chinese employment and economic activity.
China and the UK are both key markets for UK exports to China.
However, the UK has also been trying to diversify its exports to the Chinese market.
Last month, it announced that it was going to open the world-first “special economic zone” for Chinese investment.
This will be China’s first ever “special trade area”.
It is also the first such zone to be created in the European Economic Area.
The UK also wants the EU to create a “special bilateral trade area” with China to help ease tensions.
The EBEA is also seeking more EU investment in China.
This has caused some friction between the Chinese and EU economies, as they both see the EU as a “one-size-fits-all” country with a large number of different industries.
In 2017, Chinese officials announced that they had closed about 5,000 Chinese businesses in Europe and that the government would create another 20,000 new jobs by 2020.