Director General Of The European Council For Foreign Trade: EU China Trade Is An Opportunity, Not A Threat.

The EU is China's largest trading partner.

According to Chinese official statistics, the total value of bilateral trade between China and the EU in the first 10 months of 2016 was close to 3 trillion yuan, an increase of 2.3% over the same period last year, which is better than the overall performance of China's foreign trade in the same period.

But there are hostages who suspect that the influx of "made in China" is endangering the survival of EU enterprises and affecting local employment.

"If we don't import from China, we can't even celebrate Christmas."

Referring to the value of EU China trade to the European Union, Ai Weide, director general of the European Trade Association, said with a smile.

On the 29 day of the China Council for the promotion of trade and the European Association for foreign trade, held in Beijing, the seminar on "promoting free trade cooperation and enhancing Sino EU economic and trade relations" was repeated by Ai Weide.

Petri Cioni, deputy director general of the EU trade division, said earlier that

The value should not be measured by the amount of money, but rather by the beneficiary.

"In Europe, there is an unequal mood spreading: who is the beneficiary of cheap products to China? What are the real benefits of European ordinary citizens?"

In spite of this worry, despite repeated appeals from China, the EU has been hesitant about giving China the market economy status and the fifteenth commitment obligation to implement the WTO's accession agreement to China in December 11, 2016, or to find reasons for procrastination or bargaining.

"Many people think that China is a threat to the EU's economic prosperity, which is wrong." according to protectionism, Ai Wei is a little excited. "How important China is to the EU! China is an integral part of international value chain cooperation, and it is also very important for many industries such as the European Union's retail industry and mining industry."

Ai Weide pointed out that

The accelerated middle class and huge consumer market are "attractive" to EU enterprises.

As for the loss of jobs, "this is caused by automation and intellectualization, rather than China's" taking away ".

He stressed that the fact that EU China trade is indispensable to the EU economy must resist trade protectionism.

"Trade with China is not a threat, but the greatest opportunity for EU economic development."

The potential of EU China bilateral economic and trade cooperation is huge. What we need to do now is to further release this potential.

It is noteworthy that, as a major move to promote bilateral trade, China and Europe

The agreement is brewing.

The feasibility study on the agreement indicated that, if the agreement was successfully reached, the scale of bilateral trade between China and Europe in 2030 would double on the basis of $567 billion 200 million in 2011, exceeding the trade growth dividend of the p the Atlantic trade and investment partnership agreement (TTIP).

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At the third world Internet Conference and the internet light Fair held recently, CEO Liu Yongan believes that with the continuous promotion of RMB internationalization, the cross-border payment business will usher in a period of growth and will boost the development of foreign trade in a strong way.

In recent years, the state has continuously introduced support policies for cross-border trade, creating more and more convenient conditions for the foreign trade industry and cross-border electricity supplier enterprises.

On the other hand, domestic third party payment companies are increasingly active in cross-border payment, and they also play a strong role in boosting the foreign trade industry.

Continuous payments support many currencies such as the US dollar, euro, pound and so on, which greatly facilitate cross-border trade businesses.

"Cross border payment business has great potential, but we must devote more energy to service innovation, product innovation, wind control and compliance. Especially important is that we should take advantage of this opportunity to" ship to sea "and develop more overseas customers with our own technological and product innovation advantages, and expand the leading position of continuous payment in cross-border payment through two-way development.

Liu Yongan said.