SHANGHAI, Sept 23 ― The European Union has no intention to decouple from China but needs to protect itself when its openness is abused, the bloc's Executive Vice...
SHANGHAI, Sept 23 ― The European Union has no intention to decouple from China but needs to protect itself when its openness is abused, the bloc's Executive Vice President Valdis Dombrovskis said, as both sides look to cool rising tensions over geopolitics and trade.
Dombrovskis, who is also the bloc's trade commissioner, is on a four-day visit to China seeking more balanced economic ties with the EU. “Creating an open market among its members was one of the EU's founding principles. We are also committed to free and fair global trade. And ‘fair’ is the key word here,” he said.
A “thousand” barriers to market access have propelled the trade deficit to its “highest in the history of mankind”, EU Ambassador to China Jorge Toledo lamented at a forum in Beijing on Thursday.
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