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Mandelson tells Chinese 'quid pro quo' on trade

Mandelson tells Chinese 'quid pro quo' on trade
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China’s gains from falling barriers to trade bring it new obligations, Europe’s top trade official has told an EU-China conference in Brussels. Echoing calls from European business for fair treatment, Commissioner Peter Mandelson argued China needed to enforce intellectual property rules and open up more to European investment and imports.

“If you want to avoid a backlash, resentment against Europe being open to China, then China has to be open to Europe. Open your markets more quickly, reducing those barriers, not just the tariff barriers but the other barriers as well, to allow us to have the benefits of a two-way trade between us.” Chinese Vice Minister of Commerce Yu Guangzhou also attended the conference.

China has complained about the EU’s plan for anti-dumping measures against its leather shoe exports and has challenged an investigation into its approximately 300 million euro per year plastic bag exports to the bloc.