EU'S Trade Policy Is Turning Strong &Nbsp; China Or Hopeless "GSP"

The EU's new strong trade policy has begun to show its influence on China's foreign trade.

In May 14th, the European Union decided to impose high anti-dumping and countervailing duties on coated paper originating in China.

Subsequently, the Chinese Ministry of Commerce announced the preliminary results of the anti subsidy investigation of Imported Potato Starch on the 16 day.

"In this case, the EU used anti subsidy for the first time in China, even if it did not recognize China's market economy conditions, anti-dumping was enough, while taking countervailing sanctions, it is questionable from procedure."

A Ministry of Commerce told reporters.

Although the amount of money involved in the two cases is not large, there is no doubt that it has a typical demonstration effect on bilateral trade.

On May 17th, Yao Jian, a spokesman for the Ministry of Commerce, told reporters at a regular press conference that "the economic and trade relations between China and the EU are very close and account for about 10% of the total trade in the world. Therefore, there are no legal disputes between China and Europe in terms of trade disputes, and may even continue to be normal in some varieties, but the overall proportion is very low, about 1%-3%."

Yao Jian also emphasized that the two cases had time requirements for antitrust and anti-dumping investigations, which had nothing to do with trade wars.

When taking appropriate measures, the Ministry of Commerce conducted a careful investigation and gave the EU enterprises and Chinese enterprises and industry associations full time to study and comment.

"The primary goal of European economic policy is to achieve faster growth. Only sustained economic growth can create more jobs and safeguard welfare society."

A lawyer engaged in European trade litigation told reporters.

Against this background, the policy document on the strong pition of EU trade policy, trade, growth and world affairs, was introduced at the end of last year.

This policy document, which depicts the EU's trade policy blueprint for the next 5 years, advocates a stronger strategy to open the external market for EU enterprises.

Cheng Yongru, director of the import and Export Fair Trade Bureau of the Ministry of Commerce, believes that although the trade policy document acknowledges that tariff reduction is still important, it is no longer the biggest obstacle to international trade. The EU pays more attention to opening its market access to international services, investment and government procurement for its enterprises, seeking more effective protection of intellectual property rights, protecting raw materials and energy supply, and overcoming regulatory and regulatory obstacles.

"China is not only an important source of low-priced consumer goods in the EU, but also an important supplier of manufacturing industry in the EU, and a rapidly developing export market. European countries will pay attention to China's subsidy policy and market access later.

Ministry of Commerce told reporters.

Obviously, the strategic focus of the EU is to get more favorable entry conditions for the largest and fastest growing economies in the world.

At the same time, a series of preferential policies for developing countries will also be abolished.

In May 10th this year, the European Commission put forward proposals to reform preferential imports to developing countries.

The so-called "GSP" means that developed countries are exempt from or reduced tariffs to developing countries when developing countries export manufactured or semi-finished products to developed countries.

Although the EU side claims that the new economy will be abolished.

The GSP has been implemented since 1971, adjusted every 10 years, and the next adjustment should be in 2015.

It is reported that the proposal has been submitted to the European Parliament and Member States for examination and approval. If adopted, the new regulations will come into effect in 2014.

Emerging economies represent the increasing share of world trade, and the EU needs to reconsider the level of development of its trading partners.

According to Yao Ling, an expert in the European Research Department of the Ministry of Commerce, from 1996, the EU reduced its products to China for the three time. Because most of the products exported to the EU are manufactured products, the products now account for more than 90% of Europe's exports no longer enjoy preferential policies. Even if the EU completely cancels its preferences for imports from China, it will have little impact on the overall trade between China and Europe.

In the 70s and 80s of last century, China was the beneficiary of GSP, but as China's industrial competitiveness continued to grow, most of the products exported to Europe were not treated with GSP.

"As the world's largest economy, the EU's new strong trade policy will inevitably have direct and indirect effects on me.

We need to comprehensively interpret and comprehensively analyze the basic concepts, formulation process, relevant contents and follow-up actions of the new EU trade policy, and take corresponding countermeasures.

Director Cheng Yongru said.