Archive for ‘World Trade Organization (WTO)’

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24/05/2019

Chinese vice president holds talks with Brazilian vice president

CHINA-BEIJING-WANG QISHAN-BRAZIL-VP-TALKS-COSBAN-MEETING (CN)

Chinese Vice President Wang Qishan and Brazil’s Vice President Hamilton Mourao hold talks and co-chair the fifth meeting of the China-Brazil High-Level Coordination and Cooperation Committee (COSBAN) at the Great Hall of the People in Beijing, capital of China, May 23, 2019. (Xinhua/Zhang Ling)

BEIJING, May 23 (Xinhua) — Chinese vice president Wang Qishan on Thursday held talks with Brazil’s Vice President Hamilton Mourao in Beijing. They also co-chaired the fifth meeting of the China-Brazil High-Level Coordination and Cooperation Committee (COSBAN).

The Chinese-Brazilian ties have been developing steadily ever since the two countries established diplomatic ties 45 years ago, said Wang, adding that their bilateral relationship has become mature and stable relationship.

The two sides maintain close communication and coordination on major international and regional issues, and have effectively promoted the solidarity and cooperation between developing and emerging market countries, Wang said.

He noted that both sides are committed to promoting development through structural reforms and opening up, and said that China was ready to work with the Brazilian side to make good use of the COSBAN to jointly resist the uncertainty of the external environment, make greater contributions to the recovery of global economy, and create a new era of higher-level, broader areas and more dynamic bilateral relations.

Mourao said Brazil and China respected each other and shared profound traditional friendship. The Brazilian new government attaches great importance to the comprehensive strategic partnership with China and is willing to strengthen dialogue and cooperation between the two countries as well as to promote the integration of the Belt and Road Initiative with Brazil’s development strategy.

Brazil is willing to strengthen cooperation with China in the multilateral arena, maintain the stability of the international system, and make contributions to promote world peace and prosperity, he said.

The two sides agreed to strengthen exchanges and cooperation in various fields, promote trade facilitation, optimize trade structure and promote high-quality growth of bilateral trade, according to a news briefing.

The two sides attach great importance to dovetailing the Belt and Road Initiative with Brazil’s development strategy including the investment partnership projects.

The two sides agreed to continue to cooperate closely under multilateral organizations and frameworks such as the United Nations, the BRICS countries and the World Trade Organization (WTO), jointly maintain multilateralism and free trade, improve global economic governance, and safeguard the multilateral trading system with the WTO as the core to build an open world economy, said the news briefing.

Source: Xinhua

Posted in Brazilian vice president, Brics countries, China-Brazil High-Level Coordination and Cooperation Committee (COSBAN), Chinese vice president, Hamilton Mourao, holds talks, Uncategorized, United Nations, Wang Qishan, World Trade Organization (WTO) | Leave a Comment »

16/04/2019

Premier Li meets Japanese officials

CHINA-BEIJING-LI KEQIANG-JAPANESE OFFICIALS-MEETING (CN)

Chinese Premier Li Keqiang meets with Japanese Foreign Minister Taro Kono and some other cabinet ministers who are here to attend the fifth high-level economic dialogue between China and Japan in Beijing, capital of China, April 15, 2019. (Xinhua/Rao Aimin)

BEIJING, April 15 (Xinhua) — Chinese Premier Li Keqiang Monday met with Japanese Foreign Minister Taro Kono and some other cabinet ministers who were here to attend the fifth high-level economic dialogue between China and Japan.

Li said China and Japan are important neighbors. Since last year, through joint efforts, bilateral relations have returned to the right track and achieved new development. On the basis of the principles enshrined in the four China-Japan political documents, the two sides should promote the long-term, healthy and stable development of bilateral relations in the spirit of taking history as a mirror and looking into the future.

He said since China and Japan are two of the world’s major economies, strengthening cooperation is not only in the interests of the two countries but also conducive to peace, stability and prosperity in the region and world.

As both sides support free trade and abide by the rules of the World Trade Organization, they should work together to create a fair, equitable and non-discriminatory business environment for each other’s companies, said Li.

The Chinese side will unswervingly deepen reforms and expand opening up, and welcome Japanese companies to expand investment in China, Li added.

China and Japan successfully held the first meeting of the China-Japan Innovative Cooperation Mechanism this April, said Li, expressing the hope that the two countries further enhance cooperation in the area of innovation and expand cooperation in the areas of finance, third-party market and tourism.

The premier said China stands ready to work with Japan and other relevant parties to promote the negotiation of the China-Japan-Republic of Korea free trade agreement and the Regional Comprehensive Economic Partnership (RCEP) to create more opportunities for regional countries.

China supports Japan in hosting the G20 Okasa Summit this year, Li said, adding that China is willing to jointly promote the reform of global economic governance to inject new impetus into the world economy.

Hailing that Japan-China ties returned to normal last year and the high-level economic dialogue yielded fruitful results, Taro Kono said Japan-China relations in the new era were greatly intensified.

Japan is willing to enhance cooperation with China in areas such as innovation, finance, environmental protection, hydrogen-energy, tourism, youth, smart city and the third-party market, deepen coordination in multi-lateral areas and promote the RCEP negotiation to achieve new progress this year.

Source: Xinhua

Posted in China alert, China-Japan Innovative Cooperation Mechanism, China-Japan-Republic of Korea free trade agreement, Chinese premier Li Keqiang, Japan, Japanese Foreign Minister, Japanese officials, major economies, Premier Li, Regional Comprehensive Economic Partnership (RCEP), Taro Kono, Uncategorized, World Trade Organization (WTO) | Leave a Comment »

09/04/2019

Li urges closer China-Europe cooperation for mutual benefit

BRUSSELS, April 8 (Xinhua) — China and Europe stand to benefit from closer cooperation, said Chinese Premier Li Keqiang in a signed article published Monday in German newspaper Handelsblatt as he kicked off a visit to the continent.

In the article titled Embracing Openness and Cooperation for Mutual Benefit, Li pointed to rising instabilities and uncertainties in the international situation and a resurgence of protectionism, unilateralism and anti-globalization sentiments.

Against such a backdrop, China and Europe need to jointly uphold multilateralism and the free trade system by following a strategic and global perspective and a sensible approach, Li said.

“Our two sides need to work together to promote an open world economy and address long-running issues and new challenges confronting the human society to inject stability into an increasingly uncertain world,” he said.

China, said the premier, will continue to cooperate with the European Union (EU) on a broad range of issues, such as upholding the Paris Agreement, promoting sustainable development, adhering to the Joint Comprehensive Plan of Action on the Iranian nuclear issue and combating terrorism.

China, he added, is also ready to step up communication and build consensus with the EU on such issues as advancing the reform of the World Trade Organization (WTO) to fully accommodate the interests and concerns of all parties and better safeguard the interests of the majority of WTO members.

The premier noted that the past 40 years have witnessed a 250-fold increase in trade between the two sides, and that the EU has been China’s top trading partner for 15 years in a row, while China has been the EU’s second largest trading partner for years running.

Two-way trade hit a new record of 682.16 billion U.S. dollars in 2018, close to eight million visits are exchanged between the two sides every year, and more than 600 flights connect them every week, he added.

“I am confident that these figures will only grow bigger in the future,” Li said.

Having opened itself to the world, China will not close its doors but will only open them even wider, Li said, adding that more and more European companies are benefiting from China’s latest round of reform and opening-up measures.

“For example, BASF has announced a 10-billion-U.S.-dollar investment decision for a wholly-owned production complex in China’s Guangdong province,” he said. “ING of the Netherlands and the Bank of Beijing will invest 3 billion RMB yuan to establish a joint venture bank, with ING holding a 51 percent stake, making it the first foreign-controlled bank in China.”

The recently adopted Foreign Investment Law is designed to provide better protection for foreign investors and make China an even more attractive destination for overseas investment, he said.

“China is ready to work with Europe to promote two-way opening-up and provide a level playing field for our companies to strengthen cooperation in each other’s countries,” added the premier.

Li’s five-day Europe tour, scheduled for April 8 to 12, takes him to Brussels for the 21st China-EU leaders’ meeting, and Croatia for an official visit and the eighth leaders’ meeting of China and Central and Eastern European countries (CEECs).

According to Li, during the upcoming China-EU leaders’ meeting, the two sides will compare notes on a timetable and roadmap for intensifying negotiations on a China-EU Bilateral Investment Treaty.

The two sides, he added, will also push for meaningful progress in the negotiations on the agreement of geographical indications, and hold the fourth China-EU Innovation Cooperation Dialogue.

“We want to use these efforts to develop new areas and new highlights in China-Europe cooperation,” said the premier.

As regards China-CEEC cooperation, Li said that as a platform for cross-regional cooperation, it is oriented to promoting free trade and globalization.

“China-CEEC cooperation, which has developed in the larger framework of China-Europe relations and EU laws and regulations, is conducive to more balanced development and unity of the EU and serves as a useful complement to China-EU relations,” he added.

“China and the EU have far more common interests than differences,” he said. “And our two sides have the wisdom and capability to properly handle differences, jointly tackle challenges, and expand mutually beneficial cooperation to the benefit of our nearly 2 billion people.”

Source: Xinhua

Posted in Bank of Beijing, Central and Eastern European countries (CEECs), China alert, China-CEEC cooperation, China-EU Bilateral Investment Treaty., Chinese premier Li Keqiang, combating terrorism, Embracing Openness and Cooperation for Mutual Benefit, European Union (EU), Handelsblatt, ING of the Netherlands, Iranian nuclear issue, Joint Comprehensive Plan of Action, Paris Agreement on climate change, Uncategorized, World Trade Organization (WTO) | Leave a Comment »

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