The EU is to hold a summit with China on April 1 in an attempt to diffuse growing tensions between the two, European Commission Executive Vice President and Commissioner for Trade Valdis Dombrovskis said on Monday.
“We know we are in a complicated phase of relations with China,” Dombrovskis told the trade committee of the European Parliament.
Dombrovskis referred to an investment agreement struck with China that has stalled after Beijing imposed sanctions on some members of the parliament, and a dispute between China and Lithuania after the latter allowed Taiwan to open a de facto embassy in Vilnius.
“It is clear that some of those topics need to be addressed at the highest political level to see to what extent we can align and improve our cooperation,” Dombrovskis said.
The summit is likely to be virtual rather than in person, an EU official said.
The EU regards China as a strategic rival in some fields, but a partner in areas such as fighting climate change. It also wants to bring China on board in its push to reform trade rules at the WTO.
Dombrovskis did not say whether Russia’s invasion of Ukraine would feature in the upcoming summit, but acknowledged there was a risk that a tighter China-Russia alignment could emerge from the conflict.
“Actually there are signs that it is already happening,” he said.
“As you also know, China is taking a very careful approach in this conflict. They are clearly not following the Western democratic world example and putting pressure on China. The risk is there,” he said.
It is normal to have differences as China and the EU are at different development stages, Chinese Minister of Commerce Wang Wentao (王文濤) told a news conference in Beijing yesterday.
“China’s development is an opportunity, not a challenge, to the European Union,” he said.
“Cooperation between the two is bigger than competition,” he said.
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