European business chamber seeks tougher stance on China



A leading industry group, BusinessEurope, has called on the European Union to take a tougher stance against unfair trade practices by China.

“What we want is a stronger and fairer trading relationship with China,’’ BusinessEurope chief Markus Beyrer said in Brussels on Thursday.

The issue has taken on urgency, he argued, as China has slowed down its market-oriented reform process and consolidated its state-led economy, while global trade rules are becoming increasingly hard to enforce.

China is the EU’s second most important trading partner, while the EU is the top destination for Chinese goods.

But Europe, along with the United States, has long criticised Beijing for providing large state subsidies and for other practices leading to market distortions.

The issue is at the heart of trade negotiations between Washington and Beijing that led to the signature this week of a partial trade deal aimed at easing tensions.

The EU also has been rethinking its approach on China, walking a tightrope between economic engagement and efforts to protect European competitiveness.

BusinessEurope presented a catalogue of 130 measures aimed at reducing trade barriers and creating a level playing field between Chinese and European companies.

A planned investment deal with China is urgently needed, Beyrer argued, noting that Beijing had only taken steps on paper to open its market for foreign investments.

At the same time, he said the EU must boost its research industry and improve competitiveness.

Germany will host a key EU summit with China later this year, when it takes over the rotating EU presidency.

German Chancellor Angela Merkel advised against regarding China as a threat simply because it is economically successful, in an interview with the Financial Times published on Thursday.

The rise of China is largely based on hard work, creativity and technical skills, she said.

“Do we in Germany and Europe want to dismantle all interconnected global supply chains because of this economic competition” she asked.

“In my opinion, complete isolation from China cannot be the answer.’’ she stressed.

Edited by: Halima Sheji/Muhammad Suleiman Tola

Mushroom production can earn Nigeria more foreign exchange – NEPC COVID-19: FG receives 3 ‘Smart Walk-Through Booths’ to enhance sample collection FG distributes food items, diapers to FCT women Lack of competition taking toll on basketball players, Air Warriors coach says House of Reps C’ttee calls for upgrade of Calabar depot facilities COVID-19: China donates $2.9m medical supplies to Namibia Court grants trader custody of twin children over wife’s mental illness Aisha Buhari urges Nigerians to support victims of flood Assembly to scale up malnutrition management centres Car dealers bemoan eviction notice in Kaduna COVID-19 delays completion of water project in Bauchi as residents raise health issues NOA pleads with labour to suspend planned protest, dialogue with FG COVID-19: UNICEF donates 450,000 communications materials to Kano State Reps. spokesman commends Buhari for approving N12.8bn for Abia road Nigeria @ 60: Enugu residents want functional railway transportation Sports events can be held without vaccines, IOC President says Due process ignored in payment of N359m, witness alleges   China’s COVID-19 vaccine shows “no side effects”, says Russian pharma coy NAN to collaborate with group to promote national unity, cohesion Jimoh Aliu’s death, blow to Nigeria’s theatre industry – Ooni Flood cuts off Lokoja-Ajaokuta road, sacks more residents Former Thai minister to serve 50 years prison sentence for fraud Ondo election: Sensitive materials to arrive Akure Oct. 5 – INEC Yobe SIEC postpones LG elections Fans itch to see live action as UEFA allows spectators Kenya’s WTO candidate says she will focus on climate change if selected Ogun lawmaker donates 2 boreholes to communities in Obafemi Owode LG  Bauchi NGO attributes raping, kidnapping, to collapse of marriage institution Senate President mourns victims of Lokoja fuel tanker explosion 38 killed, 2 missing in Indian residential building collapse as rescue operations end Court remands trader over alleged defilement of neighbour’s 14-year-old Hong Kong activist Joshua Wong arrested in connection with protests Lebanese official says “dangerous” containers still at Beirut’s port Sales rep. bags 1 year imprisonment for cheating, escaping from custody Public servant in court for allegedly buying stolen Toyota Corolla Boko Haram Commander, family surrender to troops in Borno  FCT Police Command gets new spokesperson Lagos APPEALS Project empowers farmers to boost poultry, fish production France, Egypt, Jordan urge Israelis and Palestinians to tackle Middle-East conflict via two-state solution Businessman in court for allegedly buying stolen car Social counsellor advocates for female education in FCT communities Kogi Govt declares two-day mourning for victims of tanker explosion Court sentences tenant to 2 weeks imprisonment over contempt Businessman in court for allegedly setting his wife’s property on fire Man in court over alleged N770,000 fraud Woods to defend Zozo Championship title next month Betting agent in court over alleged theft of N74, 200 Woods to defend Zozo Championship title next month Flooding: Ebonyi SEMA urges residents in prone communities to relocate COVID-19: No cause for alarm, UNILORIN institute assures students