Does the EU have a trade agreement with China?
Does the EU have a trade agreement with China?
The EU described the deal as “the most ambitious agreement that China has ever concluded with a third country,” lauding its comprehensive rules against forced technology transfer and requirements for increased transparency on subsidy and sustainability commitments.
Is EU dependent on China?
Even as the EU tries hard to cut its energy supplies from Russia, the bloc is also heavily dependent on China when it comes to the industrial metals and rare earths that the bloc needs for wind turbines, electric vehicles, solar cells and semiconductors.
Is the EU China’s biggest trading partner?
In 2021, China was the third largest partner for EU exports of goods (10.2 %) and the largest partner for EU imports of goods (22.4 %). Among EU Member States, the Netherlands was the largest importer of goods from China and Germany was the largest exporter of goods to China in 2021.
Why are EU China Relations Important?
China is a key partner for the European Union with regard to tackling climate change and global environmental challenges. As the biggest emitter in the world, contributing a quarter of global greenhouse gas emissions, China is an essential partner in international negotiations on climate change.
What is the free trade agreement with China?
The Chinese Government deems Free Trade Agreements (FTAs) as a new platform to further opening up to the outside and speeding up domestic reforms, an effective approach to integrate into global economy and strengthen economic cooperation with other economies, as well as particularly an important supplement to the …
What does China import from EU?
| European Union Imports from China | Value | Year |
|---|---|---|
| Manmade staple fibers | $718.14M | 2021 |
| Residues, wastes of food industry, animal fodder | $692.89M | 2021 |
| Soaps, lubricants, waxes, candles, modelling pastes | $688.35M | 2021 |
| Railway, tramway locomotives, rolling stock, equipment | $652.53M | 2021 |
Who is China’s number 1 trading partner?
United States
List of largest trading partners of China
| Rank | Country / Territory | China exports |
|---|---|---|
| 1 | United States | 429.7 |
| 2 | European Union | 375.1 |
| – | ASEAN | 277.9 |
| 3 | Japan | 137.2 |
Is China considered a European country?
The eastern extremes, however, border the decidedly non-European countries of North Korea, China, and Mongolia.
Which country buys the most from China?
Also shown is each import country’s percentage of total Chinese exports.
- United States: US$521 billion (17.2% of China’s total exports)
- Hong Kong: $313.1 billion (10.3%)
- Japan: $151.3 billion (5%)
- South Korea: $135.1 billion (4.5%)
- Vietnam: $125.8 billion (4.2%)
- Germany: $103 billion (3.4%)
What is the relationship between the EU and China?
For this reason, the EU and China work together on a large number of economic and financial matters, ranging from prevention of regulatory arbitrages between financial jurisdictions, promotion of sound financial innovation and supervision, and synergies in addressing structural issues.
What is the EU doing about human rights in China?
The protection of human rights will continue to be a core part of the EU’s engagement with China. The EU believes that treating human beings with dignity and respect is essential if citizens are to fulfil themselves and flourish creatively, and is good for the stability and security of Chinese society and the world order.”
What is the practical cooperation agenda for the EU and China?
The practical cooperation agenda for the EU and China is set out in the EU-China Summit Joint Statements and the mid-term ‘EU-China 2020 Strategic Agenda for Cooperation ‘, jointly signed by the EU and China in 2013. The latter covers the areas of peace and security, prosperity, sustainable development, and people-to-people exchanges.
What is the EU-China trade relationship?
Relations are governed by the 1985 EU-China Trade and Cooperation Agreement. Since 2007, negotiations have been underway to upgrade this to a new European Union Association Agreement and there are already 24 sectoral dialogues and agreements from environmental protection to education.
