However, the development of China-EU economic ties has not always been a smooth sail. The EU has yet implemented its obligations under Article 15 of the protocol on China's accession to the World Trade Organization (WTO), seen as a "stumbling block" in their economic cooperation, as Chinese Foreign Minister Wang Yi put it.
In accordance with Article 15, WTO members should cease the surrogate country approach in anti-dumping investigations on China after Dec. 11, 2016, which expires exactly 15 years after China's admission.
The surrogate country approach allows an importing WTO member state to refer to prices or costs of the like product in a third country to calculate the value of Chinese products and determine whether it constitutes an act of dumping.
"As a member of the WTO, the EU has been refraining from fulfilling its international obligations, which is in fact a form of protectionism, and which goes against the notion of free trade advocated by the bloc," said Mei.
"Cooperation and competition coexist in the China-EU relations, yet cooperation and win-win is the theme," said Ruan, calling on the EU to abandon trade protectionism and fulfill its due obligations, so as to join hands with China in advancing free trade and globalization.
UNLEASH POTENTIAL FOR COOPERATION
Economic and trade ties between China and the EU, deemed as the cornerstone of their relations, are expected to top the agenda of Li's Europe tour.
【国内英语资讯:Spotlight: With Premier Li in Europe, China set to deepen, enrich ties with EU】相关文章:
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