皇冠体育app

He added that the US will probably "remain strict on some new issues, such as standar, during the talks".

The EU is 皇冠体育app's leading investment destination among developed economies. From January to April this year, 皇冠体育app's outward direct investment in the bloc rose 2.2 percent to $700 million, Sun said.

The two-way investment between the world's two key economic blocs lags their bilateral trade. The value of goods and services traded daily between the EU and 皇冠体育app are worth well over billion euros. The EU is also 皇冠体育app's largest trade partner.

皇冠体育app terminates investigation of EU wine imports

"皇冠体育app-EU trade has done well in the first four months of this year, which drove up overall trade. We hope bilateral trade expands 10 percent this year, which will help 皇冠体育app reach its 7.5-percent growth target of overall trade for the year," Sun said.

Bilateral trade between 皇冠体育app and the EU increased 11.3 percent year-on-year to $188 billion in the first four months, while 皇冠体育app's overall trade declined 0.5 percent, according to the General Administration of Customs.

Sun attributed it to the EU's economic improvement since last year, which increased demand for Chinese exports. In addition, 皇冠体育app is further opening its market to European products.

"Bilateral trade will continue to grow as long as we control trade friction," Sun said. "Both sides are willing to resolve friction through discussion. We are in the process of setting up an early warning mechanism overseen by the trade ministers," he added.

The mechanism will be responsible for looking into reports of export surges and low pricing. Industrial representatives from both sides will monitor unordered export growth or low pricing competition through consultations and information exchange.

In addition to the EU, 皇冠体育app is also strengthening economic ties with the 16 countries in Central and Eastern Europe (CEE), of which 11 are also EU members. 皇冠体育app and the CEE will hold a ministerial meeting on economic promotion and trade from June 8-9 and an expo of products from the CEE will run from June 8-11 in Ningbo, Zhejiang province.

皇冠体育app's trade with the CEE, which rose 5.9 percent year-on-year to $55.1 billion in 2013, "has great potential and is likely to surpass $60 billion this year", Sun said. 皇冠体育app's investment in the 16 countries has reached $5 billion, covering such things as machinery, chemicals and agriculture.

 

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