Brussels is set to press Beijing on the issue of reducing barriers to European exports during a high-level meeting scheduled for September. Valdis Dombrovskis, the European Commission Executive Vice President, revealed this information during an interview with The Financial Times. In recent years, the Chinese market has become increasingly important for European businesses. However, concerns have been raised about the lack of a level playing field and unequal access to the Chinese market for European firms.
Dombrovskis emphasized the need for the European Union (EU) to address the asymmetry in market access between China and the EU. The EU has been calling for more reciprocal treatment and a fairer trading relationship with China. European companies have faced difficulties in accessing the Chinese market, with numerous barriers limiting their ability to compete on an equal footing with Chinese enterprises. These barriers include foreign investment restrictions, forced technology transfers, and inadequate intellectual property protection.
The EU has been pursuing a two-fold strategy in its efforts to address these issues with China. Firstly, it seeks to engage in constructive dialogue, stressing the importance of a mutually beneficial trade relationship. Secondly, it aims to use its regulatory tools to counteract unfair competition and ensure a level playing field. The European Commission has already introduced new legislation that targets foreign subsidies, aiming to prevent distortions in the EU market caused by non-European companies benefiting from state support.
The upcoming high-level meeting between the EU and China presents an opportunity to address these concerns directly. Dombrovskis stated that Brussels will request Beijing to lower barriers and improve market access for European exports. The EU intends to prioritize resolving key issues such as forced technology transfers, intellectual property rights, and equal treatment for European companies operating in China. Dombrovskis acknowledged that progress might be challenging, but he remained optimistic that the dialogue would lead to positive outcomes.
The EU’s stance towards China has been evolving in recent years, reflecting the growing significance of the Chinese market and the need for a more balanced trade relationship. The EU has become more assertive in protecting its economic interests and promoting its values in trade and investment. Balancing economic opportunities with concerns over human rights, climate change, and fair competition has become a central aspect of the EU’s approach to China.
In conclusion, the EU seeks to address the lack of market access and barriers faced by European businesses in China. The high-level meeting in September will provide an opportunity for the EU to express its concerns and call for a more level playing field. Through constructive dialogue and regulatory measures, the EU aims to establish a fairer and more balanced trade relationship with China. The upcoming discussions will be crucial in determining the future of EU-China economic relations and shaping the global trade landscape.