EU, China Prague Summit stokes up market engine - special

11:31, May 21, 2009

The global financial crisis was a focal issue at the 11th China-EU Summit in Prague on May 20.
• On this issue, China and the EU have converging interests and broad consensus. The two sides should work together and contributions to early recovery of the world economy --- Chinese Premier Wen Jiabao
• The leaders restated their commitments to comprehensively implementing the communiqué at the G20 London Summit, resisting protectionism and reaching early conclusion to Doha trade talks;
• Three agreements are signed on cooperation on clean energy, science and technology, and small-and medium-sized enterprise;
• They agreed to strengthen dialogue on macro-economic policy and finance.                       more >>

Joint press communique of the 11th China-EU summit
China's Q1 bilateral trade with three major partners fall
Eurozone economy hits nadir in first quarter

Expanding bilateral trade, investment

China is ready to work with the EU to further promote mutual investments, enhance cooperation in small- and medium-sized enterprises, trade facilitation, science and technology, transportation and post, in an attempt to fight all forms of trade and investment protectionism," -- Chinese Premier Wen Jiabao at the Prague Summit on May 20.

· China to send new buying mission to EU
In the past five years, EU exports to China have increased at an annual rate of over 20 percent, making China one of the most important export markets for the EU, said Wen.
· EU, China agree to promote trade, investment to counter crisis
The European Union and China agreed on May 8 to promote trade and investment as a way to get out of the current financial and economic crisis.
· EU becomes China's largest source of imports
· Chinese delegation in Europe for trade, investment special
· 3rd China-EU trade fair to be held in France in Dec
Against protectionism, pro-Doha

The Leaders restated their commitment to comprehensively implementing the communique at the London Summit, to resisting and rejecting protectionism of all forms and to reaching an ambitious, balanced and comprehensive conclusion to the Doha Development Round at an early date. --- Article 5, Joint press communiqué of the 11th China-EU Summit

· China calls for joint efforts with EU against protectionism

China and the EU should stand firm against any form of protectionism for the sake of a global economic recovery," Chinese Premier Wang Qishan said in an opening remark at the 2nd China-EU High-level Economic and Trade dialogue in early May.

· Minister: China and EU should set good example on resisting protectionism

"As the two major traders in the world, China and the EU should set a good example on opposing protectionism," said Chen Deming, Chinese Minister of Commerce. He called for more communication to address each others concerns.

· EU, China hold high-level dialogue on economy, trade

“We have common interest to maintain openness, especially moving forward the Doha Round of world trade talks," said the EU Trade Commissioner Ashton at the 2nd China-EU High-level Economic and Trade dialogue in early May.

· Vice Premier: China, EU "Distant Neighbors"

Pending issues

At the Prague Summit Premier Wen expressed hope that the EU would recognize China's market economy status and lift the arms embargo against China at an early date, which he said is in the interest of both the EU and China-EU ties. The EU also expressed its willingness to deal with China's market economy status in a fair and objective manner and has the political will to solve the issue of arms embargo against China.

· China, EU to discuss market economy status

The European Union has recognized China's remarkable progress on market economy and an MES working group meeting will be held recently to implement the consensus on this issue reached during the 2nd China-EU High-level Economic and Trade Dialogue (HED) on May 7 and 8 in Brussels.
· China welcomes EU decision to end anti-dumping probe against zinc plates

· EU reviews extending 19-year-old anti-dumping against China's silicon metal


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