Archive for the ‘European Union’ Category

EU, China trade spat blocks climate statement – Reuters

BRUSSELS The European Union and China warned U.S. President Donald Trump on Friday he was making a major error by withdrawing from the Paris climate pact, but the pair failed to agree a formal climate statement because of divisions over trade.

Speaking alongside Chinese Premier Li Keqiang, the EU's Donald Tusk said efforts to reduce pollution and combat rising sea levels would now continue without the United States. But a spat on trade and steel production underscored the differences in a sometimes difficult EU-China relationship.

"We are convinced that yesterday's decision by the United States to leave the Paris agreement is a big mistake," Tusk, who chairs EU summits as the head of the European Council, told a news conference with Li and the EU's chief executive Jean-Claude Juncker.

"The fight against climate change, and all the research, innovation and technological progress it will bring, will continue, with or without the U.S.," Tusk said.

In their meeting, the three leaders committed to cutting back on fossil fuels, developing more green technology and helping raise funds to help poorer countries cut their emissions, but a dispute about trade ties scuppered plans for a formal joint statement.

Despite what officials described as a warm meeting, China and the European Union could not agree on a broader final communique meant to focus on a range of other issues discussed at the talks, including a commitment to free trade and measures needed to reduce a global steel glut.

The leaders' news conference was delayed for three hours as they sought to find agreement.

According to one person present at the summit, China's insistence on a reference that the European Union will eventually recognize China as an economy driven by the market, not the state, blocked the final 60-point statement.

That also meant there could be no agreement on a formal pledge to work together to reduce global steel production.

China's annual steel output is almost double the EU's total production and Western governments say Chinese steel exports have caused a global steel crisis.

That theme was an undercurrent of the day-long meeting. Before the formal EU-China summit got underway, Juncker referred at a business conference with Li to a World Bank report placing China 78th out of 190 countries in terms of the ease of doing business.

"A big economic powerhouse needs to be higher than mid-table," he said, adding that a planned EU-Chinese investment treaty needed to be completed to ensure reciprocal relations.

France, Germany and Italy have mooted the idea of allowing the EU to block Chinese investment in Europe, partly because European companies are denied similar access in China and because of risks of China acquiring prized European technology.

In reply, Li said China was working hard to promote a trade balance, with Chinese tourism to Europe now far greater than EU tourism in China. Foreign investment opportunities, he said, were far different from when China first opened up.

"I do hope you can put things into context. We find the problems, but we are working on them ... Our ranking is getting better," he said.

"NO REVERSE GEAR" ON CLIMATE

Trump's announcement on Thursday that he would take the United States out of the Paris accord, saying the agreement would undermine the U.S. economy and cost jobs, drew anger and condemnation from world leaders and heads of industry.

European Climate Commissioner Miguel Arias Canete told reporters in Brussels he deeply regretted the U.S. pullout from the pact to fight the dangers of global warming, which was signed by more than 190 countries, and said it could not be renegotiated as Trump has suggested [B5N1G8011].

"The agreement is fit for purpose. The Paris agreement is here to stay and the 29 articles of the Paris agreement are not to be renegotiated," he said after meeting his Chinese counterpart.

Juncker told the business conference on Friday that China and the EU recognized the need for international solutions and this was nowhere more important than full implementation of the Paris agreement.

"There is no reverse gear to energy transition. There is no backsliding on the Paris agreement," Juncker said.

China overtook the United States as the world's biggest emitter of greenhouse gases in 2007.

(Additional reporting by Robert-Jan Bartunek; Editing by Andrew Bolton)

BERLIN/BRUSSELS China and Europe pledged on Friday to unite to save what German Chancellor Angela Merkel called "our Mother Earth", standing firmly against President Donald Trump's decision to take the United States out of the Paris climate change pact.

WASHINGTON The head of the U.S. Environmental Protection Agency, Scott Pruitt, said on Friday he believes human activity plays a role in global warming, but measuring that contribution with precision is difficult.

WASHINGTON The United States will continue its efforts to reduce its greenhouse gas emissions despite President Donald Trump's decision to leave the Paris climate accord, U.S. Secretary of State Rex Tillerson said on Friday.

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EU, China trade spat blocks climate statement - Reuters

Brexiteer warns Corbyn’s ‘coalition of chaos’ will keep Britain in the European Union – Express.co.uk

Richard Tice, from campaign group Leave means Leave, claimed Britons were suffering from election fatigue and would unlikely want a second European Union independence referendum, however, insisted it opens the doors for Labour, the SNP and Lib Dems to stop the divorce process.

Speaking to Talkradio, he said he feared Jeremy Corbyn and his allies in Westminster would not even turn up to the Brussels talks due to start 11 days after the June 8 General Election.

Mr Tice said: There is huge fatigue out there amongst the public-at-large, frankly with politics and many politicians.

Getty/BBC

I think it would be a coalition of chaos that would descend very quickly, and dont underestimate the impact of the markets

He added: No-one is saying the unthinkable, which I think if you had a coalition of chaos very quickly they would turn round and look each other and say, actually, lets stop Brexit full-stop.

That is the reality, that is my fear, and imagine what chaos that would bring. Youd have the Labour Party saying we can stop this, thats the Lib Dem and SNP position.

The whole thing would unravel, I suspect they wouldnt even show up to the Brexit negotiations and just say we are going to start again.

The Conservatives have also joined the attack on Labour, with Dominic Raab accusing their Brexit spokesman of siding with the EU during negotiations.

Sir Keir Starmer suggested Theresa May had failed in her first negotiations with the bloc, attempting to secure the rights of UK nationals living on the continent.

Speaking on Sky News, Mr Raab said Mrs Mays negotiating team would attempt to reach a unilateral deal for UK and EU citizens as a priority.

PA

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Jeremy Corbyn during a visit to Hackney Marshes Football Pitches, to highlight Labour's manifesto commitment to ensure 5% of the Premier League's television rights income is diverted to the grassroots game, during a General Election campaign

He insisted it was Labour actually hanging out to dry British citizens living inside the EU and not the Conservatives.

The EU said no, Not until the formal negotiations begin, He said.

Keir, the Lib Dems and Labour talk, we act.

How can you call it a failure? Keir, you dont know whose side youre on.

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Brexiteer warns Corbyn's 'coalition of chaos' will keep Britain in the European Union - Express.co.uk

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.

Link:
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