Home>News Center>Bizchina

EU not ready to grant China market status
Updated: 2005-07-14 06:58

BRUSSELS, Belgium - The European Commission said Wednesday it was not ready to grant market economy status to China — a move that would help Beijing avoid punitive antidumping measures.

European Commission President Jose Manuel Barroso addresses a joint news conference ahead of an extraordinary European Union justice and interior ministers in Brussels July 13, 2005 following last week's London attacks. [Reuters]
Francoise Le Bail, chief spokeswoman for the European Union's head office, said it was unclear when China would meet EU criteria for being a market economy.

"The Commission is checking to see if China fits this criteria," she said. "It's a very technical process ... It's difficult to give a deadline."

On Thursday, Commission President Jose Manuel Barroso was to visit China for talks focusing on trade and political cooperation.

In a statement, Barroso noted that the EU last year replaced the United States as China's largest trading partner, with annual trade totaling 174 billion euros ($212 billion). China is the EU's second-largest trade partner, after the U.S.

"Our challenge now is to understand China's dramatic re-emergence, to learn to work better with this tremendous country and seize the opportunities provided by its unprecedented growth," Barroso said.
Page: 12

The Qinshan No. 2 Nuclear Power Plant
Panda cubs doing well in Wolong
Streets flooded in Jinan
  Today's Top News     Top China News

US, Russia, China rejecting G4 UN reform bill



DPRK: Nuke-free peninsula our goal



EU not ready to grant China market status



World seeks trade breakthrough in China



NASA delays shuttle launch till Saturday



Workplace death toll set to soar


  China restaurant bars unapologetic Japanese
  China builds sharpest eye to peer at sun
  China's exports grow by 32.7 per cent
  Agriculture discussions open WTO meeting
  Government role stressed in market reform
  Ministry reassures public about fish
  Go to Another Section  
  Story Tools  
  News Talk  
  It is time to prepare for Beijing - 2008