Tuesday, 9 April 2019

Europe and China: let's be constructive


The EU and China have their annual summit in Brussels today. The preparatory work has shown that Europe is now prepared to have a firmer position in matters of trade, investment and protection of industrial patents and copyrights. That is the right approach for the economic relations between both sides. Beijing might not like it, but they understand the rationale behind the European position. They fight for their interests, and we should fight for ours. That is the only basis for a sound relationship between two major international players.

When dealing with China, the EU must remain united around the principles of reciprocity, fair competition, and respect for the natural environment.

The Europeans have also to consider that we are dealing with State capitalism at its strongest form. Behind each big corporation, there is the Communist leadership of China and their concern with their own survival as a regime. For that, they need to expand the Chinese economic interests abroad, control new sources of wealth in foreign lands, and bring back prosperity to the people of China. Europe is a special land of business opportunities, an attractive economic space for big investments. That’s fine, if the basic international rules are respected and the link between each side is open to accept traffic on both directions.

Above all, the Europeans must keep in mind issues of national security. As far as we are concerned, China is a partner with greater potential for business but is also a first-grade geostrategic player. We must be able to keep our strategic sectors under our own control. That will contribute in no small manner to balance the geopolitical power of our Chinese neighbours. The world needs our contribution to the balance. Europe’s big challenge, in this area, is to remain a strong pillar of international wisdom.




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