Subscribe free to our newsletters via your
. Energy News .

EU hesitant on free trade deal with China: source
by Staff Writers
Brussels (AFP) May 07, 2013

Even as it seeks free trade deals with the United States and Japan, the EU sees little near-term prospect of a similar accord with China, one of the bloc's most important trading partners, a senior EU official said Tuesday.

The official, who asked not to be named, said trade and investment were hugely important to the relationship with Beijing, the EU being China's largest single market.

The source said Chinese officials had "mentioned again" the issue of a Free Trade Agreement during a visit to China last month by EU foreign affairs head Catherine Ashton.

The EU feels, however, that an investment accord was the most appropriate next step while an FTA would "not be excluded in the medium- to longer-term," the official said.

Whether China is ready for a "deep and comprehensive" FTA of the type the EU would want was a matter that "we would have to explore," the official added.

The official said the EU had also reassured Beijing that an FTA with Washington would benefit all sides, including China.

The accord was "not aimed at closing the transatlantic relationship" but rather at opening it up, the official added.

Beijing has expressed concerns over what it sees as US efforts to contain its power in Asia and the Pacific, being especially critical of Washington's 'pivot' back to the region under President Barack Obama.

The EU official did not detail the obstacles to an FTA with China but there have been a series of tit-for-tat disputes over market access, most recently in solar panels, and intellectual property rights.


Related Links
Global Trade News

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Hong Kong port workers vote to end strike
Hong Kong (AFP) May 6, 2013
Hundreds of workers at a Hong Kong container port operated by tycoon Li Ka-shing voted Monday to end a 40-day strike, one of the city's longest-ever, after their employers offered a 9.8 percent pay rise. The stoppage had disrupted traffic at Hong Kong's container port, the world's third busiest. Protests spread to the Central financial district, where workers staged demonstrations outside th ... read more

British lawmakers: Lack of clear policy hindering energy investment

EU lawmakers to vote on reform of 'polluter pays'

Researchers estimate a cost for universal access to energy

Environmental Labels May Discourage Conservatives from Buying Energy-Efficient Products

China sends large fleet to disputed islands: media

BP sheds oil field stake in Brazil

The Demand to Grid Lab

Improving materials that convert heat to electricity and vice-versa

Scotland approves 640-foot prototype offshore wind turbine

Wind Power: TUV Rheinland Certifies HybridDrive from Winergy

Wales wind power line to go underground near historic village

UK Ministry of Defense Deems Wind Towers a National Security Threat

Microwave oven cooks up solar cell material

Unirac Helps Power up Volkswagen's Largest Solar-Energy Complex

PV Inverter Supplier Base Fragments in 2012

Dominion Virginia Power Selects Old Dominion University For First Rooftop Solar Power Installation

Czech CEZ power group reports jump in Q1 profit

India gives go-ahead to disputed nuclear plant

Supreme Court allows protest-hit Indian nuclear plant

Foreign Ownership Could Halt Licensing of South Texas Project Nuclear Reactors

Recipe for Low-Cost, Biomass-Derived Catalyst for Hydrogen Production

China conducts its first successful bio-fueled airline flight

Bugs produce diesel on demand

New input system for biogas systems

China launches communications satellite

On Course for Shenzhou 10

Yuanwang III, VI depart for space-tracking missions

Shenzhou's Shadow Crew

Aid agency sounds alarm over Pacific islands' drought

Inaction on global warming 'not an option': Merkel

Plants moderate climate warming

The politics of climate change

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement