Time to take Sino-EU relations to a new level
- By Dan Steinbock
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E-mail China.org.cn, April 1, 2014
As the first Chinese leader to visit the EU headquarters, President Xi Jinping is seeking a new trade opening with Brussels, which needs deeper economic relations for its recovery agenda.
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Visiting Chinese President Xi Jinping (L) shakes hands with European Council President Herman Van Rompuy during their talks in Brussels, Belgium, on March 31, 2014. [Xinhua] |
In China President Xi's visit to the EU headquarters as well as the Netherlands, France, Germany, and Belgium, has attracted attention. Beijing hopes to soften European opposition to the free-trade deal.
This time stars may be aligned for improved bilateral relations, despite old weariness on both sides.
Today, both Brussels and Beijing have new incentives to move ahead in bilateral relations. As international multilateral trade talks continue to linger, the spotlight has shifted toward free trade agreements (FTAs).
In Asia, new trading blocs are emerging. Washington is pushing for the Trans-Pacific Partnership (TPP), in which Brussels plays no role and which Beijing is following from the sidelines. China has a role in the Regional Comprehensive Economic Partnership (RCEP), while the Association of Southeast Asian Nations (ASEAN) is pushing regional economic integration. In turn, Brussels seeks to secure its gateway to the region.
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