Tuesday, 3 December 2013

Cameron clashes with Brussels over EU-China trade

''British Prime Minister David Cameron promisedChina's leaders on Monday he would advocate a multi-billion-dollar free trade deal between Beijing and the European Union, riling the EU executive which rejected the move as premature.
On a three-day visit with around 100 business people, the largest-ever British mission of its kind, Cameron said Britain was the Western country most open to Chinese investment and well-placed to take advantage of China's market liberalisation.
 "China's transformation is one of the defining facts of our lifetime ... I see China's rise as an opportunity, not just for the people of this country but for Britain and the world," Cameron told reporters after meeting Premier Li Keqiang at the Great Hall of the People in Beijing.
Cameron, who later met President Xi Jinping, cast Britain as far more progressive on trade than other EU member states in remarks that stirred a spat with Brussels over the issue.
"Some in Europe and elsewhere see the world changing and want to shut China off  behind a bamboo curtain of trade barriers," said Cameron. "Britain wants to tear those trade barriers down."
His approach irritated the European Commission, which is privately understood to oppose a trade deal on the grounds that it risks flooding the 28-nation bloc with cheap Chinese imports.
"We believe that it is premature at this stage to discuss a free trade agreement with China," Alexandre Polack, a spokesman for the EU executive, told reporters.
He said the EU and China were already discussing a possible investment agreement and should stick to that for now.
At home, Cameron's trade initiative is likely to be seized on by opponents as he has placed a question mark over Britain's EU membership by promising a referendum on leaving the bloc if re-elected in 2015. That sits awkwardly with his campaign to help broker a deal for a club his country may soon leave".
Source: Reuters

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