Visit of Karel De Gucht to China: extracts from the press statement with Gao Hucheng, Chinese Minister for Trade

Type: Summary of press conference   Reference: I-079708   Duration: 10:02:35  Lieu:
End production: 21/06/2013   First transmission: 21/06/2013
On 21 June 2013, Karel De Gucht, Member of the EC in charge of Trade, went to Beijing where was held the 27th EU-China Joint Committee, the annual forum for the EU and China to discuss their trade and investment relations. Karel De Gucht and Gao Hucheng, Chinese Minister for Commerce, co-chaired the 27th meeting which allowed to discuss the preparations for the launch of negotiations for a investment agreement with China. This is the first ever proposal for a stand-alone investment agreement since foreign direct investment became the exclusive competence of the EU under the Lisbon Treaty. They also discussed the following points: market access barriers in a number of sectors, licensing and market access issues in the area of financial and telecommunication services, and ways to improve the enforcement of, and cooperation on intellectual property rights. In addition the Joint Committee provided an opportunity to take stock of developments in Geneva regarding as both sides prepare for the WTO Ministerial in Bali in December 2013. This video shows a press conference given by the two Officials.

Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
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TIME DESCRIPTION DURATION
10:00:00 Title 00:00:05
10:00:05 Joint arrival of Karel De Gucht, Member of the EC in charge of Trade, and Gao Hucheng, Chinese Minister for Trade, at the press conference 00:00:06
10:00:11 Soundbite by Karel De Gucht (in ENGLISH): Technical-level discussions toward a negotiated settlement begun in Brussels at the start of this week and continue now in Beijing. That said, it goes without saying that Minister Gao and myself will discuss this issue. It is clearly in both our interests to do so. 00:00:19
10:00:31 Cutaway of the audience 00:00:03
10:00:34 Soundbite by Karel De Gucht (in ENGLISH): It is early days in the negotiation process. This kind of issue is rarely solved overnight. Everyone should be very careful not to jump to any conclusions - one way or the other – simply because there is no hard news on this issue today. On the contrary, I believe that both sides have now engaged in a sincere way to work towards an amicable solution. That is the good news. 00:00:24
10:00:59 Cutaway of the audience 00:00:03
10:01:02 Soundbite by Karel De Gucht (in ENGLISH): As I have stated time and time again during the course of the investigation, the EU has only one wish: to find a negotiated settlement as quickly as possible on the basis of 'undertakings' that can remove the injury caused by the dumping on our market: nothing more, nothing less. Let be me very clear again here today in Beijing: Europe wishes for an amicable solution. 00:00:25
10:01:27 Cutaway of a cameraman 00:00:03
10:01:31 Soundbite by Karel De Gucht (in ENGLISH): It is more than one year since our leaders agreed at the EU-China Summit of February 2012 to launch negotiations for an investment agreement as soon as possible. This is a priority for Europe and certainly from my perspective was top of our agenda today. 00:00:18
10:01:50 Cutaway of the Speakers 00:00:03
10:01:53 Soundbite by Karel De Gucht (in ENGLISH): In these negotiations, we are pursuing two main objectives. One being to improve the protection of EU investments in China as well as Chinese investments in Europe, thus improving legal certainty for investors. That will benefit both China and Europe. But there is another critical element: a future agreement must cover improved access to the Chinese market – addressing important issues like mandatory joint ventures. In short, by reducing barriers to investing in China we would see increased bilateral investment flows. 00:00:41
10:02:35 Cutaway of the Speakers 00:00:07
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