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Much work remains before China wins market economc status

brussels bureau

Much work remains before China wins market economc status


The European Union wants to see concrete steps before granting China market economy status or lifting an arms embargo. European Commission President Jose Manuel Barroso, visiting Beijing, looked ahead to a summit in September: “What I can say is that I believe we could launch a process now — speeding this process — if we see goodwill on the Chinese side to give us some assurances about some conditions in terms of rules and investment.” Human rights are a sensitive subject alongside commerce: “We are 25 countries, we are all democracies, we have to respect the public opinion of our countries and that is why this issue still needs some work.” EU Trade Commissioner Peter Mandelson, also on tour, talked about sorting out surges in Chinese footwear imports to Europe: “There are claims that these goods are being dumped, that means sold below their normal value, normal price in China, but that will be investigated and there will be a conclusion reached in the autumn on that.” Europe wants to know whether China is fully open to EU imports; why EU banks and service providers are not as strong on the ground in China as elsewhere, and whether China is enforcing intellectual property rights.

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