Space Industry and Business News  
TRADE WARS
With ties in the balance, EU and China hold tense summit
By Damon WAKE
Brussels (AFP) June 22, 2020

China's leaders and senior EU officials held a video summit Monday with tensions rising over new tariffs targeting Chinese firms and European disquiet at Beijing's assertiveness on the world stage.

The heads of the EU's main institutions began talks on the coronavirus with top Chinese leaders, after Brussels infuriated Beijing by accusing it of a campaign of disinformation around the pandemic.

European Council President Charles Michel and European Commission head Ursula von der Leyen began the summit at 0800 GMT with Chinese Premier Li Keqiang.

President Xi Jinping is expected to join later.

China and the EU both say they want to strengthen ties, but the relationship is tangled in a thicket of disagreements on topics ranging from trade and investment rules to human rights and national security.

Monday's talks will not produce an agreement -- nor even a joint statement -- and a senior EU official said some high-level political impetus was needed to break the deadlock.

Beijing's ambassador to the EU said last week that Monday's talks were a chance to make relations "more productive and substantive by seizing opportunities and addressing challenges".

But he rapped Brussels over plans for tougher rules for heavily subsidised foreign companies, which would particularly target Chinese firms, saying the EU was not practising the openness it preached to others.

US President Donald Trump has pursued a bruising trade war with China, and warned last week of "complete decoupling" while using derogatory language to assert the novel coronavirus came from China.

The EU has taken a more balanced approach, characterising China as a "systemic rival" and competitor but also as a partner on some issues. The bloc's foreign policy chief Josep Borrell has urged a hard-headed approach.

At talks with US Secretary of State Mike Pompeo last week, Borrell proposed a dialogue with Washington aimed at forging a common trans-Atlantic front against Beijing -- though he has also stressed the EU must pursue its own interests and not simply toe the American line.

- Human rights -

The bloc has sought to challenge China on human rights issues such as Tibet and Hong Kong, where European capitals are extremely concerned about Beijing's proposed new security law.

On Friday, the EU demanded the immediate release of a Chinese human rights lawyer jailed for "inciting subversion of state power" after penning an open letter calling for constitutional reforms.

But while such calls have occasionally irritated Beijing, they have done nothing to alter China's course and it is not expected to budge on Monday.

Cui Hongjian of the China Institute of International Studies said officials would defend their position on Hong Kong and explain the need for the new law -- as Foreign Minister Wang Yi did in recent talks with EU counterparts.

The EU's efforts to stand up to President Xi's increasingly assertive China have been stymied by a lack of unity among its 27 member states, many of which have been courted assiduously by the Asian giant.

A meeting of EU foreign ministers last month dedicated to China highlighted the bloc's struggles -- Borrell voiced "grave concern" at Beijing's security clampdown in Hong Kong but said sanctions were all but out of the question.

- Trade and investment -

The European Commission, the bloc's executive arm, has announced plans for new legislation aimed at ensuring foreign firms backed by heavy state subsidies do not distort competition in Europe.

There is particular concern about Chinese companies swooping in to buy European companies weakened by the coronavirus-triggered recession.

Specifically targeting China's global reach, the EU on Monday last week imposed an unprecedented tariff on Chinese subsidies to exporters, but not those in China itself.

The measure involved EU imports from Egypt of glass-fibre fabrics that were made by subsidiaries of two Chinese firms.

This was the first time the EU took aim at subsidies granted by a country to exporters located in another state.

Meanwhile, talks towards a China-EU investment agreement remain at a standstill, despite a joint pledge to try to get somewhere by the end of the year during the German EU presidency.


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
US seeks 'reset' of WTO: official
Washington (AFP) June 17, 2020
US President Donald Trump is pursuing a "reset" of the World Trade Organization which he believes has treated American interests unfairly, US Trade Representative Robert Lighthizer said Wednesday. In the latest US attack on the global trade referee, Lighthizer said: "I think the WTO is a mess." "I think the WTO has failed America and has failed the international trading system," he told lawmakers in a hearing, adding that the United States "is not treated fairly." After paralyzing the WTO's ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
Graphene smart textiles developed for heat adaptive clothing

Quantum rings in the hold of laser light

Hughes Joins with 4-H to Champion Online STEM Education amid Increased Demand for Virtual Learning

The many lifetimes of plastics

TRADE WARS
Long-range communications without large, power-hungry antennas

Hughes demonstrates Live, HD transmission over satellite from an in-flight Black Hawk helicopter

Marine Corps satellite communications system exceeding performance expectations

General Atomics partners with space development agency to demonstrate optical intersatellite link

TRADE WARS
TRADE WARS
Beidou satellite launch postponed over technical issues

China's BeiDou navigation enables smarter agricultural production

GPS III SV-08 core mate complete, space vehicle named for NASA Trailblazer

China tests inter-satellite links of BeiDou navigation system

TRADE WARS
Flight trials for greener aviation set for take off

Green aviation still has electrifying future despite virus

F/A-18F launched from USS Theodore Roosevelt crashes into Philippine Sea

Navy receives first two Block III F/A-18 Super Hornets

TRADE WARS
Compact Optical Frequency Combs Provide Extraordinary Precision with the Turn of a Key

DARPA Selects Teams to Increase Security of Semiconductor Supply Chain

Engineers grow optical chips in a Petri dish

Sound waves transport droplets for rewritable lab-on-a-chip devices

TRADE WARS
China's polar-observing satellite starts Arctic mission

Half the earth relatively intact from global human influence

China plans to launch meteorological satellite to dawn-dusk orbit

Looking up to the stars can reveal what's deep below

TRADE WARS
A World Redrawn: Respect Earth, says Algerian biomedical researcher

Russia says 'years' needed to clean up Arctic spill

Environmental pollutant may be more hazardous than previously thought

Europe's beaches steadily getting cleaner: report









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news 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. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. 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. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.