EU and Chinese leaders are on Wednesday to steer clear of tough issues at a fence-mending summit focused on trade and the economic crisis after Beijing canceled their last meeting over the Dalai Lama.
The summit, to be held in Prague, was originally set for last December but China called it off in protest at a meeting between the Tibetan spiritual leader and French President Nicolas Sarkozy in Poland.
France held the rotating presidency of the 27-nation EU at that time until Paris handed the baton over to the Czech Republic at the start of the year.
Czech President Vaclav Klaus will host Chinese Premier Wen Jiabao (溫家寶) at Prague Castle along with European Commission president Jose Manuel Barroso and EU foreign policy chief Javier Solana.
“It’s certainly a fence-mending summit and the problem is that it is only a fence-mending summit,” said analyst John Fox with the European Council on Foreign Relations, lamenting that tough political issues and the environment are on the backburner.
“The best thing that can happen is that the summit goes ahead and that it won’t be prevented by the Chinese being angry at Czech politicians making statements on Taiwan, or Tibet or the Dalai Lama,” he said.
At talks in Brussels earlier this month, EU commissioners and a Chinese delegation headed by Vice Premier Wang Qishan (王岐山) agreed that trade and investment would lead the way to economic recovery.
Two-way trade has exploded in recent years making the EU the top destination for exports of Chinese goods while China is Europe’s biggest trade partner after the US.
Last year they traded 326 billion euros (US441 billion) in goods with Europe running a 169.4 billion euros deficit with China.
However, despite promises to broadly cooperate on trade, China and Europe have many differences on trade issues.
The Chinese government said on Friday it would urge the EU at the summit to relax limits on high-tech exports to China and review its anti-dumping policies.
Beijing is particularly eager to address the issue of gaining market economy status from the EU, which is a standard often used in anti-dumping cases.
In the latest of a slew of EU anti-dumping cases launched against China, the European nations agreed last month to extend anti-dumping duties on Chinese-made candles that enter force on Friday and will last for five years.
The Europeans are eager to get Beijing to commit to ambitious cuts in greenhouse gas emissions in view of a key international meeting on climate change in Copenhagen in December but China has proved reluctant.
When Lika Megreladze was a child, life in her native western Georgian region of Guria revolved around tea. Her mother worked for decades as a scientist at the Soviet Union’s Institute of Tea and Subtropical Crops in the village of Anaseuli, Georgia, perfecting cultivation methods for a Georgian tea industry that supplied the bulk of the vast communist state’s brews. “When I was a child, this was only my mum’s workplace. Only later I realized that it was something big,” she said. Now, the institute lies abandoned. Yellowed papers are strewn around its decaying corridors, and a statue of Soviet founder Vladimir Lenin
UNIFYING OPPOSITION: Numerous companies have registered complaints over the potential levies, bringing together rival automakers in voicing their reservations US President Donald Trump is readying plans for industry-specific tariffs to kick in alongside his country-by-country duties in two weeks, ramping up his push to reshape the US’ standing in the global trading system by penalizing purchases from abroad. Administration officials could release details of Trump’s planned 50 percent duty on copper in the days before they are set to take effect on Friday next week, a person familiar with the matter said. That is the same date Trump’s “reciprocal” levies on products from more than 100 nations are slated to begin. Trump on Tuesday said that he is likely to impose tariffs
ELECTRONICS BOOST: A predicted surge in exports would likely be driven by ICT products, exports of which have soared 84.7 percent from a year earlier, DBS said DBS Bank Ltd (星展銀行) yesterday raised its GDP growth forecast for Taiwan this year to 4 percent from 3 percent, citing robust demand for artificial intelligence (AI)-related exports and accelerated shipment activity, which are expected to offset potential headwinds from US tariffs. “Our GDP growth forecast for 2025 is revised up to 4 percent from 3 percent to reflect front-loaded exports and strong AI demand,” Singapore-based DBS senior economist Ma Tieying (馬鐵英) said in an online briefing. Taiwan’s second-quarter performance beat expectations, with GDP growth likely surpassing 5 percent, driven by a 34.1 percent year-on-year increase in exports, Ma said, citing government
HELPING HAND: Approving the sale of H20s could give China the edge it needs to capture market share and become the global standard, a US representative said The US President Donald Trump administration’s decision allowing Nvidia Corp to resume shipments of its H20 artificial intelligence (AI) chips to China risks bolstering Beijing’s military capabilities and expanding its capacity to compete with the US, the head of the US House Select Committee on Strategic Competition Between the United States and the Chinese Communist Party said. “The H20, which is a cost-effective and powerful AI inference chip, far surpasses China’s indigenous capability and would therefore provide a substantial increase to China’s AI development,” committee chairman John Moolenaar, a Michigan Republican, said on Friday in a letter to US Secretary of