EU deficit in trade: €180 billion in 2015
Remarks by President Donald Tusk at the EU-China summit in Beijing
Thank you very much, especially for your hospitality. Premier Li, I am very pleased to meet with you again for the 18th EU-China Summit! It is not the first time we meet but it is our first meeting here in Beijing.
+Today’s meeting gives us the opportunity to demonstrate the strength of our Strategic Partnership. Especially in these testing times, as EU and China have both a stake in each other’s success.
The European Union welcomes China’s Presidency of the G20 this year. You can count on the EU to play a constructive role towards achieving a successful summit in Hangzhou. As two of the largest economies in the world, the EU and China have an important stake, as well as responsibility, in ensuring the growth and stability of the global economy.
The European Union looks forward to closely work with China to resolve international conflicts and address foreign policy priorities. We have to employ all existing channels in both the bilateral and in multilateral contexts, such as the United Nations and the G20. Building on the positive experience of the Iran nuclear talks, we are confident there is much we can contribute to peace and prosperity around the world, especially in Syria, Iraq, Afghanistan or Africa.
The same goes for global issues, like migration, international development assistance, the environment and fighting climate change. These are challenges that can only be resolved through a global response. For this reason, a collaborative EU-China relationship is crucial.
We came here to discuss common challenges, and to do so in a friendly manner. One of those is the protection of the rule-based international order. This may be the biggest challenge ahead of us. It is both in the Chinese and European interest to protect international cooperation based on common rules.
Let me just name one example: Globalisation. It brings so many benefits to our nations. Unfortunately, more and more people feel that it is happening without rules. And if we let these feelings grow, if many start believing that globalisation and international trade are happening without or against common rules, then the first victims will be the Chinese and European economies, not to mention people. That is why we are so openly raising these issues, because we believe a frank discussion is in our mutual interest.
As in every mature partnership we may sometimes have differences of opinion. And being able to discuss these differences openly is part of the strength of our relationship. This is the case, for example, with our discussion on human rights and the rule of law. I stress the importance for the European Union of the freedom of the press, the freedom of expression, association and assembly, including for minorities. I hope that the next session of the human rights dialogue will take place in November in Brussels.
Finally, on the South China Sea we will see an important ruling today. Therefore let me repeat this: The rule-based international order is in our common interest and both China and the EU have to protect it, as this is in our people’s best interest.
I am pleased, Mr Premier, that we have this timely opportunity to address our substantial common agenda. Today’s summit should send a message to our people and to the rest of the world of our joint commitment to our Strategic Partnership
Introductory remarks by President Jean-Claude Juncker at the EU-China Summit 2016
Thank you very much for your friendly words of welcome. My first visit to China goes back to February ’96, and as a Prime Minister of my country I came back to China again and again, and so I am very happy to be here once again, but in a different capacity now, because we are here as the leaders of the European Union. We as the European Union, we are showing in fact day by day that we are investing in our relationship with China for the long-term, and we are determined to ensure that this relationship will evolve into a strong, stable and mature partnership. We are living, as we all know, in turbulent times, both in China and in Europe, but we are sticking to our European project, because we do think that this is a unique experience the world did not see before, and so we are continuing our project, although we are losing one of our Member States after the British referendum, the so-called Brexit. We want to increase the efficiency of the European Union and the added value of our unique project. We remain committed to this and China will be part of our common future.
I do think that we have to accelerate a certain number of common ideas and projects and undertakings, and we will have the opportunity to discuss all these elements in our today’s and tomorrow’s meeting, notably further progress on the comprehensive agreement on investment, with an ambitious market excess component. We have to discuss the problems related to overcapacity but also the joint research and innovation activities, which are of huge importance. And we would like to discuss connectivity in global terms, maybe connecting the Eurasian continent via physical and digital networks. I am pleased that we have agreed to establish 2017 as the EU-China Blue Year and that we have agreed to launch in 2018 the EU-China year of tourism. So we have many things to do and I am convinced that together we will succeed.
Trade in goods: [Tables & Graphic: 2 – 6]
> China: top EU partner for imports in 2015, accounting for a fifth (20.3%) of all EU imports
> China: top EU partner for imports in 2015, accounting for a fifth China: second largest EU partner for exports in 2015 (9.5% of all exports), after the United States
> China: top EU partner for imports in 2015, accounting for a fifth EU trade in goods balance with China in 2015: deficit of €180 billion, due to surge of imports
> China: top EU partner for imports in 2015, accounting for a fifth Machinery & vehicles dominate both exports and imports
> China: top EU partner for imports in 2015, accounting for a fifth Deficit with China for every EU Member State, except Germany and Finland
Trade in services [Tables & Graphic: 7 – 9]
> China: top EU partner for imports in 2015, accounting for a fifth EU trade in services balance with China in 2015: surplus of €10.3 billion, due to surge of exports
> EU: net investor with China in 2014 [Tables & Graphic: 7 – 9]
1 – Development of EU exports and imports of goods with China, 2005-2015
(in € billion)
2 – EU international trade in goods with China and the world
(in € billion)
3 – EU international trade in goods with China by main product, 2015
4 – EU international trade in goods with China by product, 2015
(in € million)
5 – EU Member States trade in goods balance with China, 2015
(in € million)
6 – EU Member States’ international trade in goods with China, 2015
7 – EU international trade in services with China and the world
(in € billion)
8 – Development of EU exports and imports of services with China, 2010-2015
(in € billion)
9 – EU foreign direct investment (FDI) stocks and flows with China, 2014
(in € billion)