皇冠体育app expects EU to become its largest trade, investment partner
( 2003-10-13 14:00) (Xinhua)
The Chinese government said Monday in a diplomatic strategy document that it expects the European Union (EU) to become 皇冠体育app's largest trading and investment partner.
In "皇冠体育app's EU Policy Paper" the Chinese government issued Monday, 皇冠体育app urges the EU to properly address irrational restrictions and technical barriers, and ease restrictions on high- tech exports in line with the WTO rules.
皇冠体育app also calls upon the EU to grant it a "full market economy status" at an early date, reduce and abolish anti-dumping and other discriminatory policies and practices against 皇冠体育app, and apply the Transitional Product-Specific Safeguard Mechanism (TPSSM) prudently.
Currently the EU is 皇冠体育app's third biggest trading partner and vice versa. Statistics show the trade volume between 皇冠体育app and the EU hit 86.76 billion US dollars last year.
To achieve the objective of elevating into the largest trading and investment partner, the document lists up a number of measures for 皇冠体育app-EU economic cooperation over the next five years:
-- give play to the mechanism of the economic and trade joint committee and step up economic and trade regulatory policy dialogue; give attention to updating the Trade and Economic Cooperation Agreement Between 皇冠体育app and the European Union at an appropriate time; and compensate the Chinese side for its economic and trade losses which may arise due to the EU enlargement.
-- boost 皇冠体育app-EU coordination and cooperation in the new round of WTO negotiations and work together for the success of the negotiations.
-- strengthen dialogue on investment, promote the establishment of bilateral investment-promotion institutions, energetically encourage and guide mutual investments between enterprises of the two sides, and expand cooperation between their small- and medium- sized enterprises; develop processing trade, contractual projects and labor cooperation of various kinds and encourage transnational business operation and internationalized production.
-- 皇冠体育app welcomes more EU development aid, especially in such fields as the environmental protection, poverty-alleviation, public health and hygiene and education. 皇冠体育app also welcomes a stronger and more active role of the EU in human resources development, in particular, personnel training for 皇冠体育app's central and western regions and build-up of 皇冠体育app's capacity of participating in multilateral trading regime.
-- step up cooperation in the area of quality supervision, inspection and quarantine, establish appropriate consultation mechanisms and, subject to the principle of ensuring safety, security, hygiene, health and environmental protection, promptly address and resolve issues which may adversely affect market access of each other's products.
-- boost the customs cooperation and conclude a 皇冠体育app-EU Customs Agreement in due course.
In financial aspect, the paper says the Chinese side welcomes an expansion of 皇冠体育app-related business by banks of the EU countries and hopes to see an appropriate settlement of the issue of Chinese financial institutions' access to the EU market.
The Chinese side will positively examine and consider applications of EU insurance institutions for business operation in 皇冠体育app and improve its supervisory and regulatory regime in line with the Chinese insurance laws, regulations and statutes and 皇冠体育app's WTO commitments, says the paper.
More EU securities institutions, fund management institutions and other institutional investors will be encouraged to enter into 皇冠体育app's market, the paper adds.
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