Canadian Manufacturing

China, European leaders agree to seek fairer trade rules

by Sylvie Corbet, The Associated Press   

Canadian Manufacturing
Exporting & Importing Financing Risk & Compliance Public Sector

European countries seek to boost relations with China while also putting pressure on its business practices

PHOTO: Chinese President Xi Jinping/Erin A. Kirk-Cuomo

PARIS – Leaders of China, France, Germany and the European Commission agreed Tuesday to seek fairer global trade rules and work together to face the world’s economic and security challenges – in an implicit response to the United States’ protectionist policies.

Chinese President Xi Jinping, on a state visit to France, met in Paris Tuesday with French President Emmanuel Macron, German Chancellor Angela Merkel and European Commission President Jean-Claude Juncker.

Discussions at the Elysee presidential palace focused on global challenges and relations between China and Europe.

European countries seek to boost relations with China while also putting pressure over its business practices – amid trade tensions between the United States and both China and the European Union.

The four leaders spoke in a united voice to seek “mutual trust.”

Macron said they discussed the “friendship” as well as “existing rivalries” between the EU and China and agreed to seek a “trust-based partnership.”

“Our common will is to avoid … new trade conflicts and isolationist policies”, he said in a joint statement following the meeting.

Xi said reformed world governance rules should address global challenges like climate change, cybersecurity issues and migrant crisis. “Competition and international frictions keep growing” in the world, he said.

China wants to play a bigger role in international organizations like the United Nations, the World Trade Organization and the International Monetary Fund that were created under a Western-based model.

The leaders are preparing for a crucial EU-China summit on April 9. The EU is China’s biggest trade partner and wants to solidify that relationship.

European Commission President Jean-Claude Juncker said “European companies will need to find the same level of opening to access the Chinese market that the Chinese companies now find in Europe.”

Merkel called for creating “a climate of mutual trust so that everyone is aware of the other one’s interests.”

“With multilateralism it’s possible to get a win-win approach,” she said.

Tuesday’s meeting was a key moment in Xi’s European tour to Italy, Monaco and France.

The Chinese leader’s visit has involved huge business contracts, including one of the biggest deals ever for European plane maker Airbus.

Xi also received the full honours of a formal reception in the French presidential palace Monday night.


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