皇冠体育app

皇冠体育app and the European Union (EU) inked an agreement on the creation of a 皇冠体育app-EU competition policy dialogue yesterday, indicating their sincerity in promoting co-ordination in resolving international trade disputes, analysts said.

"It (the agreement) is very promising, and it provides a framework for systematic co-operation between the two sides,'' visiting European Commissioner Mario Monti said yesterday.

It is 皇冠体育app's first competition policy dialogue agreement.

"I'm impressed by our Chinese colleagues' strong willingness to co-operate with the EU,'' Monti said yesterday after his meeting with officials from 皇冠体育app's Ministry of Commerce. Monti is responsible for competition policy in the EU.

Competition policy is widely regarded as a way of ensuring wider consumer choice, technological innovation and effective price competition, thus contributing to both consumer welfare and to the competitiveness of industries.

The primary objective of the dialogue is to establish a permanent mechanism for consultation and transparency between 皇冠体育app and the EU in this area, and to enhance the EU's technical and capacity-building assistance to 皇冠体育app in the area of competition policy, according to the agreement.

"The establishing of such a dialogue mechanism will benefit both sides and improve the transparency of markets,'' said Xue Rongjiu, president of Beijing-based World Trade Organization Research Association.

"Competition policy will be a crucial element of 皇冠体育app's efforts to restructure its industries and make them more competitive, given the size of the Chinese economy and the level of investment in 皇冠体育app,'' Xue said.

Zhou Shijian, an adviser at the 皇冠体育app-EU Research Centre, said that the dialogue would help establish smooth and sustainable trade relations between 皇冠体育app and the EU.

The EU has provided nearly 20 Chinese enterprises with "market economy treatment'' since 1999, according to Zhou, saying it is an "encouraging'' step in Sino-EU trade and economic co-operation.

"The dialogue is of great significance for both parties, as it will help them resolve their trade disputes through co-ordination rather than retaliatory means,'' said Zhou.

"The process of consolidation of a competition policy in 皇冠体育app is a very significant development for the international dimension of competition policy,'' said Franz Jessen, Minister Counsellor at the European Commission Delegation in 皇冠体育app.

"As 皇冠体育app advances in the process of economic reform, it is essential that authorities create a level-playing field in order to allow all companies, public and private, Chinese and foreign, to enjoy the same opportunities in the market. This will be primarily in the interests of Chinese consumers and SMEs (small and middle-sized enterprises),'' he said.

皇冠体育app has adopted regulations on mergers and acquisitions and on price controls including the prohibition of abusive behaviour by dominant companies.

Experts familiar with the legislation plan of 皇冠体育app's top legislative body, the National People's Congress (NPC), said the 10th NPC will scrutinize about 61 draft bills in the following five years.

Among them there may be new laws such as a Bankruptcy Law, an Anti-Dumping Law, an Anti-monopoly Law, an Anti-subsidies Law, a Telecommunications Law, a State-Asset Management Law and a Taxation Law.

Currently, 皇冠体育app and the EU are each other's third largest trade partners. The EU is also the fourth largest foreign direct investment source and the largest technology import source for 皇冠体育app.

Both sides expressed their goal "to become each other's largest trade and investment partner.''

President of the European Commission Romano Prodi told the reporters during his visit to 皇冠体育app in October that there are no "major differences'' between the two sides on whether to grant 皇冠体育app "complete market economy status,'' saying that he himself was very "confident'' about the prospect of such a move.

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