About the establishment of European Union Association for the Promotion of International Economics and Technology office in Shenzhen, China
Background:
The association was registered in Melbourne, Australia, and was founded by former Labor leader Les through the intention of the EU Labor Union to promote the China- European economy, trade, and culture.
Significance: The association will contribute to develop and deepen China-EU relations in facing of the great changes that have not been seen in a century, and will have a positive and long-term effect on the world economic pattern.
The world impact on development and deepening of China-EU relations:
In the long run, the Association will use its strengths to promote the development and deepening of China-EU cooperation and will bring influence worldwide. From an economic point of view, the EU and China's economy are huge, ranked the world's first and third largest economies, the sum of the two economies accounted for one-third of the global economy. The steady development of China-EU economic and trade relations will not only benefit their respective economic recovery and growth, but also inject confidence and impetus into the world economic recovery. From a political point of view, the EU is the largest group of developed countries, is an important pole in a multipolar world, China is also very willing to see a strong, prosperous and united EU. Cooperation between China and the EU, especially in international and regional affairs, will certainly promote the development trend of multipolarity in the world and promote the establishment of a new international political order that is fair and reasonable. From the perspective of global governance, as one of the most influential political forces in the world, jointly promoting the development of economy, trade, culture, tourism, and coordination and cooperation on global affairs and regional hot issues such as the reform of the international financial system and global governance is conducive to enhancing their respective voices in global governance and promoting world peace, stability and development.
With the acceleration of China's urbanization process and the opening up of service trade, China's new urbanization will create more investment opportunities for European enterprises. In addition, Germany, the United Kingdom, France and other European countries in the health and retirement industry has a wealth of experience and distinctive characteristics. China-EU cooperation in medical fields has broad prospects.
China and the EU also have broad prospects for cooperation in green energy development, the EU has been strictly controlling China's high-tech exports, and the growth potential of China-EU bilateral high-tech trade has not been fully realized. In particular, the EU in new energy, new materials, energy conservation and environmental protection, green low-carbon and other China's current development of the urgent need to lift high-tech export restrictions, the role of the Association, can promote the EU's scientific and technological innovation combine with China's broad market, will not only promote the upgrading of China's industrial structure and economic development model transformation, but also for the impact of current pandemic of the European economy to inject new vitality, increase the well-being of both sides.
The development of China-EU relations brings benefits to the people of both sides. The support of the people and the well-being of the people have injected strong impetus into the development of China-EU relations and are a solid foundation for the continuous development and deepening of China-EU relations.
Against the backdrop of the pandemic and the continued weakness of global trade, China-EU trade increased. China surpassed the United States as the EU's largest trading partner for the first time. Eu-China trade amounted to 586 billion euros, 31 billion euros more than the EU's trade with the United States. Despite the large scale of China-EU trade, there is still great potential for bilateral cooperation.
Therefore, to promote the steady development of imports and exports, innovation and development of trade in services, increase the import of high-quality products and services, European countries in high-quality goods and services trade has a strong comparative advantage. China's huge market will undoubtedly bring unlimited business opportunities for European enterprises to help European countries get out of the impact of the epidemic and increase jobs, promote economic recovery. China-EU economic and trade cooperation will continue to deepen to a new level.
China is speeding up the construction of a China-EU investment cooperation system:
Despite the rapid development of two-way investment between China and the EU, investors from both sides, whether European or Chinese, provide institutional guarantees to promote the expansion of the scale of two-way investment in order to change the situation of asymmetric development of investment and trade between China and the EU. On December 30, 2020, Chinese President Xi Jinping held a video meeting in Beijing with German Premier MiAngela Merkel, French President Emmanuel Macron, European Council President Michel and European Commission President Jean-Claude Von der Leyen. The China-EU Investment Agreement has further optimized its views on the international high-level economic and trade rules, covering market access commitments, fair competition and so on.
Deepen China-EU people-to-people exchanges:
Due to differences in ideology, values and culture, China-EU cooperation in Humanities exchanges is not deep enough yet. Although China-EU relations show a trend of continuous development and deepening, Humanities exchanges lag behind the development of economic and trade relations, which is not conducive to the overall and sustainable development of China-EU relations, and it has become the consensus of China and the EU to continuously enhance people-to-people exchanges, promote mutual understanding of each other's history, culture, society and ethnic groups, strengthen Humanities exchanges and explore new models of Humanities exchanges.
To promote the development of China-EU relations and deepen the role of world resources:
In the long run, the development and deepening of China-EU cooperation will unleash its influence around the world. From an economic point of view, the EU and China's economic aggregate is huge, ranked the world's first and third largest economies, the sum of the two economies accounted for 1/3 of the global economy. The steady development of China-EU economic and trade relations will not only benefit their respective economic recovery and growth, but also inject confidence and impetus into the world economic recovery. From a political point of view, the EU is the largest group of developed countries, is an important pole in a multipolar world, China is willing to see a strong, prosperous and united EU. China's cooperation with the EU in international and regional affairs will certainly promote the trend of multipolarization in the world, promote the establishment of a fair and reasonable new international political order, and coordinate and cooperate on global affairs such as global governance and regional hot-button issues, which will help strengthen their respective voices in global governance and promote world peace, stability and development.
In 2020, Among the EU's top ten trading partners for goods, China is the only trading partner to achieve two-way growth in trade and the EU's largest source of imports. Entering a new stage of development will accelerate the construction of a new development pattern with the domestic large cycle as the main body and the domestic and international double cycle promoting each other. China is also a large country with a large population, creating more demand and opportunities for the world, and will also open up a wider space for China's EU cooperation.
The EU Council for the Promotion of International Economics and Technology has set up an office in Shenzhen, China:
We will set up an office in Shenzhen, China, developing with China's various industries to promote the common development of the economy, trade, culture, tourism and other industries. The association will not only consolidate and enhance China-EU enterprise to bring greater business opportunities, but also to establish good China-EU contacts. It will bring great Central European government resources to promote the common development of China-EU enterprises, so that China-EU industries will be prosperity once again.
EUROPEAN UNION ASSOCIATION FOR PROMOTING INTERNATIONAL ECONOMIC & TECHNICAL COOPERATION INCORPORATED
18th Aug
