
EU delays decision on trade defence
Trade ministers send a discussion on the level of import duties back to diplomats, also admitting that TTIP talks with the US are "in the freezer".
Monday
21st Nov 2016

Trade ministers send a discussion on the level of import duties back to diplomats, also admitting that TTIP talks with the US are "in the freezer".

A European Commission proposal on anti-dumping clears the way for the EU to abide by international obligations and avoid a trade war that would be dangerously counterproductive.
The US president-elect is likely to push for renegotiation of TTIP or pull out completely. Either way, there will be opportunities for the EU and China.
The future commission vice-president admitted in a statement that his words "have created bad feelings and may even have hurt people".
The European Commission presented a new system to assess dumping from countries with strong state intervention. The main target is China.

The EU executive says it has nothing to add about German commissioner Guether Oettinger's derogatory words about the Chinese.

Guenther Oettinger reportedly used a German derogatory term for members of a Chinese delegation visiting Brussels. He said the remarks were taken out of context.

While the debate has escalated about China’s steel overcapacity, it is not exactly new. The first postwar steel crisis occurred in the US and Europe. Beijing seeks to avoid a deja vu of bad policies.

The EU commission said the tariffs on steel from China and Russia are needed to counter below market prices that threaten EU industry and jobs.
China is pushing its influence through the New Silk Road project and wooing of world media.
China hopes the EU will respect China's sovereignty and territorial integrity and play a constructive role in the resolution of the South China Sea disputes through bilateral negotiations rather than arbitration, says the Chinese Ambassador to the EU.
Leaders are sitting down for the EU-China summit, but the crucial issue of China's market economy status will not be discussed officially. It still dominates industry's thinking on the relationship.
The annual China-EU summit has just become even more crucial to Europe and the world, following the Brexit referendum.
The Russian leader's recent visit to Beijing shows that whereas China is going full steam ahead, Russia’s Asia pivot is slowly running out of steam.
In a new five-year strategy, the EU executive aims to attract Chinese investment to Europe and to agree a free-trade agreement under conditions.
As British debate turns inward after the killing of Jo Cox, China remains concerned about the prospect of Britain finding itself outside the EU.
Europe is losing out to China on exports to Russia. EU sanctions are one likely reason, but they have had scant political impact because most of the world continues to do business as usual with Moscow.
China and the EU have shared strategic interests in maintaining the freedom and safety of navigation and promoting stability and prosperity in the South China Sea area.

China should not be granted market economy status, say MEPs. The EU Commission says it is trying to find a solution to defend EU industry.

China and other major steel-producing countries continued to disagree in Brussels over the causes of the global overcapacity that threw the sector into deep crisis.
President Zeman says closer ties with China will finally free the Czechs from EU and US pressure. His allies and opponents are united in scepticism.
In the course of 2016, Brussels must make up its mind about China’s “market economy status". The decision will shape bilateral cooperation for years to come.

China's engagement with plans by some former Iron Curtain states to revive the 1920s-era "Intermarium" project has the power to hurt Russian geopolitical interests.

The Chinese economy is entering an era of the 'new normal' and shifting from high speed to medium-to-high speed growth, said the Minister of the Chinese Mission to the EU.
A rise in protectionist sentiment in Europe will only hurt the prospects of both China and the EU.
Thousand of steel workers protested in Brussels against Chinese dumping of cheap goods, as opposition to the EU granting China market economy status grows.

Granting China market economy status comes with many risks. The EU should seek in exchange pragmatic solutions that protect important European interests.

China has been reforming, improving and transforming, making "good stories" for the benefit of its 1.3 billion people and the common good of humanity.
The EU could recognise China as a market economy, but is looking into which anti-dumping rules could be used to protect European businesses from cheap goods by China.
A Swedish human rights worker "confessing" on Chinese TV is the latest in a series of arrests and expulsions of EU nationals involved in opposition activities.