Archive for the ‘European Union’ Category

Speech by President Jean-Claude Juncker at the 12th EU-China Business Summit – EU News

Prime Minister Li,

Ministers,

Commissioner Malmstrm, dear Cecilia,

Distinguished guests,

Ladies and Gentlemen,

I would like to thank the China Council for the Promotion of International Trade and Business Europe for hosting us in these beautiful surroundings.

Prime Minister, I never made a secret of my affection and my admiration for your great nation and for the Chinese people. Over the many years and visits first as the Prime Minister of Luxembourg, now as the current President of the European Commission my fascination with your rich history and culture has only grown stronger.

Like all good friends, we may sometimes have our disagreements and we have disagreements but I believe that the frankness and honesty between us makes our relation stronger.

Our partnership today is more important than ever before.

The European Union is China's biggest trading partner. China is the EU's second largest. The trade in goods between us is worth over EUR 1.5 billion every single day.

Access to the European internal market is amongst the main elements having contributed to China's economic miracle, helping millions of people out of poverty.

Over 10 million Chinese people now visit Europe every year. And next year's EU-China Tourism Year will provide new opportunities for investment and more people from both sides to discover the beauty of each other's landscapes and ways of life. And I will make use of this Tourism Year to spend half of the year in China...

But our relationship is not an insular one. It is one that looks out to the world and makes it more stable. Whether it be fighting climate change more important today than yesterday cyber-attacks and international terrorism, or whether it be promoting sustainable development, trade and global economic growth, China and the European Union are aligned on the need for international solutions.

Nowhere is that more important than in leading the global clean energy transition and the implementation the full implementation without nuances of the Paris Climate Agreement.

Our joint leadership provides businesses, investors and researchers in Europe, China and around the world with the certainty they need to build a global low-carbon economy.

And it makes a statement to the world: there is no reverse gear to the energy transition. There is no backsliding on the Paris Agreement.

Our relationship is founded on a shared commitment to openness and working together as part of a rules-based international system. I am glad that we can meet here today and say this, loud and clear. It is one that recognises that together we can promote prosperity and sustainability at home and abroad. This is the vision that President Xi so eloquently described in Davos earlier this year.

I know that the Prime Minister is also fully signed up to that. The State Council Notice on Promoting Further Openness showed his commitment. And the Government Work Plan that explicitly stated China's ambition to be the most attractive destination for foreign investment backed that up.

Over the years we have come a long way. Back when I first visited China as a Prime Minister in 1996, your country was not even a member of the WTO. On that trip I remember talking a lot about working together, but in reality we were closed off to each other. China accounted for only 5% of world exports. Tourism Chinese to Europe and European to China was really unusual at that period of time. Our businesses exchanged less and our economies were not as interlinked as they are today.

Today, the EU is China's most important destination for outward investment. Chinese companies are attracted by the talent and innovation of our people, the stability of our investment environment and the strength of our economy.

And we are just as attracted to China's economy. In 2014, the European Union accounted for nearly 16% of total Foreign Direct Investment into China.

But there is scope for much more. China accounts for less than 5% of foreign investment in the EU. And last year, China's investors spent nearly five times as much on acquisitions in the European Union than European companies did in China.

While Chinese investment into the European Union increased by 77% in 2016, the flow in the other direction declined by almost a quarter. To put that into context, EU investment into China last year was roughly 3% of what we invested into the United States.

That reflects how difficult it can still be to do business in China. Roughly half of EU companies say that it actually got harder last year. One in two say they feel less welcome than when they entered the Chinese market. And more than half say that foreign companies are treated unfairly compared to their Chinese competitors. That feedback is reflected in the World Bank's rankings of the ease of doing business. China sits in 78th place out of 183 countries. A big economic powerhouse needs to be higher than mid-table.

The Government's Work Plan shows China wants to move up the table. It calls for significant improvements in the investment environment and says foreign firms will be treated equally.

The Comprehensive Agreement on Investment currently being negotiated will be a game changer. It will allow us to invest with confidence. It will help protect investments, ensure market access and level the playing field.

This is the third summit I have had the pleasure of taking part in and the third time I have stressed the need for this Agreement to be put into place. We now need to get it done so that we can truly have reciprocal investment relationship in our mutual interest.

We applaud the ambition of China's reform path. We recognise that reforms have been made and that plans have been established. But we would like to see implementation speed up so that your policies are in line with your world vision.

The Prime Minister knows me well enough to know that I will always be frank and honest with him on all these matters.

And I will take the same approach when it comes to the rule of law and fundamental human rights. These are universal questions of fairness and values that we hold dear but they are also pre-requisites for a stable and attractive investment and business environment. And we believe that real competition and real openness can only work with a level playing field.

That is more important than ever as globalisation is increasingly called into question, with many around the world asking whether it really works for them.

The Commission set out its views in a Reflection Paper on Harnessing Globalisation. I explained this vision at last week's G7 and will do so again alongside China at next month's G20.

I understand that 45% of Europeans consider globalisation to be a threat rather than an opportunity. Here in the European Union we are focusing minds and efforts on making sure that no one is left behind and that we are all playing by the same rules.

That is why we must address growing excess capacity in certain sectors that is leading to the dumping of below-cost products. This is hurting EU producers, costing jobs and having a damaging impact on some of our manufacturing and industrial heartlands.

Chinese steel overcapacity is now more than double the EU's total capacity. Over the past decade, Chinese overcapacities have tripled for steel pipes and quadrupled for aluminium and silicon.

When we have to, we will be sure to uphold fairness when it comes to trade. And we are backing that up by strengthening our trade defence instruments to make them fit-for-purpose.

This is not about being protectionist or pointing fingers at others. Our actions are fully in line with our international obligations under the WTO and we will apply them in a fair, transparent and country-neutral way. Trade cannot simply be free. It must be fair.

But as always, the European Union believes in dialogue and cooperation and we will continue to work closely with our Chinese friends on addressing excess capacity and other concerns, notably on data and technology.

This dialogue is crucial at a time when the European Union and China now have a responsibility to fight for a fair and open global market place. Delivering on this dialogue is our deep, strategic interest. If we fail to make progress, the only winners will be the political forces that oppose the openness we seek.

And together, we can make the most of the opportunities that can bring. For example, China is now building corridors that are connecting us by land and sea, as well as online. We welcome the opportunities created by the "Belt and Road" initiative it will bring people and businesses in Asia and Europe closer together. The new direct rail links between Beijing and European hubs are symbols of that. They will resurrect an old trade route and cover 12,000 kilometres, crossing Kazakhstan, Russia, Belarus, Poland, Germany, Belgium, and France.

And we want to make sure that the "Belt and Road" complements existing projects, including those under the EU's long-established Trans-European Networks policy or the EU-China Connectivity Platform. Over time, improved connectivity will help manufacturers and businesses of all sizes to lower transport costs and open new markets.

But much more is needed: Asia alone faces a EUR 23 trillion infrastructure gap by 2030. Both the EU and China have a key interest in making the "Belt and Road" Initiative. Our message is that we can help you build it but the rules must be the same for all. European companies must have a fair chance of being able to tender and compete on the same terms as Chinese counterparts. We must ensure, there too, a level playing field.

I am very much encouraged by China's statements on making the "Belt and Road" an open, transparent, inclusive initiative. Let us work on these projects together. Let our companies build them together.

Prime Minister, dear friends,

Ladies and Gentlemen,

That is just a glimpse of the potential that our partnership holds, not just for the European Union and for China but also for the rest of the world.

Europe's future lies in our own hands this is what leaders stated in their recent Rome Declaration. So we should shape our own future and China will be a crucial partner in that. Together, we can increase the prosperity and well-being of our people. Our companies can thrive in open, fast-growing international markets. We can learn from each other and push each other on to innovate and compete. We can stand up for fairness across the world.

With China, the EU will fight for its global vision, in which we work together to tackle the challenges we share. We will defend the level playing field and make sure that the international system is anchored in rules and institutions that we all agree on. We will accompany the green transition together, in the interests of our children and our grandchildren.

And by doing so we can help to make the world a more stable place, at a time when it is full of uncertainty.

Prime Minister Li, dear friend,

Thank you and welcome once again.

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Speech by President Jean-Claude Juncker at the 12th EU-China Business Summit - EU News

EU-African Union Joint Communiqu on the Implementation of the Paris Agreement – EU News

The European Union and the African Union reaffirm their strong commitment to full implementation of the Paris agreement, and call on all partners to keep up the momentum created in 2015.

Ahead of the COP23 in November they pledge to work together to finalise the Paris Agreement work programme. Climate change and renewable energy will figure on the agenda of the upcoming Africa-EU Summit in Abidjan on 29/30 November. This will be an opportunity to confirm the strong solidarity with those most vulnerable to climate change and the determination to work together to build strong and sustainable economies and societies resilient to climate change. The European Union and the African Union reaffirm their commitment to continuing to address the adverse effects of climate change on human and animal health, natural ecosystems and other social and economic impacts that threaten our developmental gains as a global community.

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EU-African Union Joint Communiqu on the Implementation of the Paris Agreement - EU News

European Union donates 300000 to aid families affected by Sri Lanka floods – Firstpost

Colombo: The European Union (EU) has allocated 300,000 euros (Rs 21,6951,00) in humanitarian funding to flood-stricken Sri Lanka, it was announced on Friday.

"This contribution from the EU will allow our partners on the ground to provide relief to the most-impacted families. This is an expression of solidarity from the European people to the people of Sri Lanka," Christos Stylianides, EU commissioner for humanitarian aid and crisis management, said in a statement.

File image of Sri Lanka floods. AP

The EU aid will focus on the most pressing needs in the aftermath of the floods, including access to clean water and sanitation facilities, provision of essential household items and emergency shelter, Xinhua news agency reported.

The death toll in Sri Lanka caused by floods and landslides reached 206 on Friday with 92 people still missing, the Disaster Management Centre (DMC) said.

Over 650,000 people have been affected while an estimated 100,000 people have been shifted to safe locations. Over 10,000 houses have also been fully or partially destroyed.

Days of severe rains since 26 May caused major floods and landslides in at least seven districts, the worst floods to hit Sri Lanka since 2003.

International assistance has also poured into the country in addition to naval teams from India, Pakistan and China.

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European Union donates 300000 to aid families affected by Sri Lanka floods - Firstpost

Emissions rise in the European Union – Buenos Aires Herald

As the world decries Donald Trumps decision to quit the Paris pact,greenhouse gas releases rise in Europe for first time since 2010

BERLIN A new report showed greenhouse gas emissions in the European Union rose in 2015, the first increase since 2010, even as European officials decried the United States decision to quit a global climate pact.

Emissions grew by 0.5 percent compared with 2014, mainly due to increases from transportation and a colder winter, the European Environment Agency said.

Greenhouse gases are a major contributor to man-made climate change and most countries around the world have pledged to reduce emissions under the 2015 Paris Agreement.

The report was released as the EU is trying to emphasise its commitment to combatting global warming, with senior European officials appealing unsuccessfully to US President Donald Trump not to quit the Paris accord.

The former reality TV star announced from Washington yesterday that the United States would be quitting the Paris accord, before declaring that under the Trump administration it will continue to be the cleanest and most environmentally friendly country on earth, a claim that experts immediately ridiculed.

Higher emissions were caused mainly by increasing road transport, both passenger and freight, and slightly colder winter conditions in Europe, compared to 2014, leading to higher demand for heating, the European Environment Agency said.

It noted that improvements in fuel efficiency failed to offset the growth in traffic.

Road transport emissions about 20 percent of total EU greenhouse gas emissions increased for the second year in a row in 2015, by 1.6 percent, the agency said.

It noted, however, that the EU has achieved a long-term reduction in greenhouse gas emissions from 1990 to 2015 of 22.1 percent despite economic growth of 50 percent.

This decoupling of economic growth from emissions during the 25-year period occurred due to a mix of green policies, such as encouraging the use of renewable energy and improving fuel efficiency, and changes in European economies that have seen a shift away from heavily polluting industries toward service jobs.

Milder winters have also contributed to a decline in heating fuel use, the agency said.

Herald with AP

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Emissions rise in the European Union - Buenos Aires Herald

European Union official: EU, China to reaffirm support for climate pact – Newsday

BRUSSELS - The European Commission president on Wednesday said that it was the "duty of Europe" to stand up to the U.S. if President Donald Trump decides to pull his country out of the Paris climate change accord.

Jean-Claude Juncker said that "the Americans can't just get out of the agreement," adding that "it takes three to four years" to pull out.

Juncker went on to say that the Group of Seven leaders "tried to explain this in clear simple sentences to Mr. Trump" at a recent summit in Italy. He said that even though "it looks like that attempt failed," the "law is the law."

In a jibe at the U.S. administration, Juncker told the audience at an event of the Confederation of German Employers in Berlin that "not everything that is written in international agreements is fake news."

Juncker said: "If the U.S. president pulls out of the Paris agreement, and he will in the next days or hours, then it is Europe's duty to say that that is not how it works."

A White House official said earlier in the day that Trump was planning to pull out of the Paris deal, although a final decision hadn't been made.

Trump on Wednesday declared that abandoning the Paris climate agreement would be a victory for the American economy.

The European Union and China, meanwhile, will reaffirm their commitment to the Paris climate change accord this week regardless of whether the U.S. pulls out of the pact, a senior EU official said.

The official told reporters that the EU and China will also "spell out" how they plan to meet their commitments to the landmark international accord to fight global warming at talks in Brussels on Friday.

The official is involved in preparing the meeting between EU Council President Donald Tusk, Juncker and Chinese Premier Li Keqiang, but can't speak on the record because their meeting statement wasn't finalized. Li and a major Chinese delegation are due to arrive in Brussels late Thursday following talks in Berlin.

"The EU and China are joining forces to forge ahead on the implementation of the Paris Agreement and accelerate the global transition to clean energy," EU climate commissioner Miguel Arias Canete said about the upcoming EU-China summit, stressing they remain committed to Paris.

A White House official said Wednesday that there could be "caveats in the language" announcing a withdrawal, leaving open the possibility that his decision isn't final.

That possibility was met with derisive howls from EU lawmakers when a session of the European Parliament was informed about it.

"Climate change is not a fairy tale. It is a tough reality which affects peoples' daily lives," European Parliament President Antonio Tajani said in a statement. "People die or are obliged to leave their homes because of desertification, lack of water, exposure to disease, extreme weather conditions. If we don't act swiftly and boldly, the huge human and economic cost will continue to increase."

Tajani suggested that Washington's withdrawal should be a signal for Europe to step up its efforts and reap the benefits.

"Our climate action strategy represents an opportunity to attract investment, innovation and develop new green technologies," he said. "We have got the talent and the will to make this possible in all sectors."

Tajani said earlier he would confer with Tusk and Juncker about "joint initiatives to be adopted together as a European Union" to offset the decision.

The EU official involved in organizing the EU-China meeting said it would will "send important signals for the multinational system," as Trump moves to unpick some of the international trade agreements the U.S. has signed up to.

Alden Meyer, director of strategy and policy for the Union of Concerned Scientists advocacy group, said "I don't think any other countries will follow the U.S. out of Paris, so if he does leave, Trump will be in splendid isolation with the leaders of Syria and Nicaragua."

In Madrid, the leaders of India and Spain expressed their commitment to fighting climate change and reiterated their support for implementing the Kyoto and Paris accords.

In a joint statement issued following talks in the Spanish capital between Indian Prime Minister Narendra Modi and Spanish counterpart Mariano Rajoy, the two countries said taking action on climate change was a priority for both nations.

On Tuesday, Modi said in Berlin that it would be a "crime" to spoil the environment for future generations as the world awaits a decision on U.S. climate policy.

Rajoy and Modi agreed to boost bilateral cooperation in the field of combating climate change.

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European Union official: EU, China to reaffirm support for climate pact - Newsday