BEIJING: The European Union’s (EU) ambassador to China, Jorge Toledo, expressed regret on Sunday regarding the lack of “substantial progress” in trade talks with Beijing. This comes as EU countries seek to reduce their economic dependence on China amid growing concerns over human rights and geopolitical tensions.
The European Commission had suspended its efforts to secure ratification of an investment agreement reached with China at the end of 2020 after disagreements emerged over human rights issues in Xinjiang. Additionally, the EU decided in May to recalibrate its position towards China, aiming to lessen its economic reliance as Beijing faces allegations of tacit support for Russia’s actions in Ukraine.
Toledo acknowledged the stagnation in economic and trade dialogue between the EU and China, stating that no significant progress has been made in the last four years. He emphasized the need for tangible advancements and expressed hope for progress to be achieved this year. A high-level economic dialogue between the two sides is scheduled for September.
China Holds Complex Position for EU
China holds a complex position for the EU as it is viewed as a partner, competitor, and systemic rival. In response to economic security risks, the European Commission unveiled a strategy last month, with China being a key focus. Proposals have been put forward to secure essential materials like lithium and nickel, crucial for technologies such as batteries and solar panels.
Germany, France, and Italy have recently announced their intention to enhance cooperation on the procurement of raw materials, aiming to decrease reliance on imports from countries like China.
One of the most contentious issues between the EU and China revolves around Beijing’s stance on Russia’s invasion of Ukraine. China has not recognized the territories annexed by Russia but also refrained from condemning Moscow’s actions. The situation in Ukraine has the potential to significantly impact EU-China relations, either positively or negatively, according to Spain’s ambassador to China, Rafael Dezcallar Mazarredo.
