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Tuesday, April 09, 2019, 18:05
Li urges closer China-Europe cooperation for mutual benefit
By Xinhua
Tuesday, April 09, 2019, 18:05 By Xinhua

In this April 8, 2019 photo, Chinese Premier Li Keqiang arrives in Brussels to attend the 21st China-EU Leaders' Meeting. (GAO JIE / XINHUA)

BRUSSELS - China and Europe stand to benefit from closer cooperation, Chinese Premier Li Keqiang said in a signed article published on Monday in German newspaper Handelsblatt as he kicked off his visit to the continent.

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

Li Keqiang,

Premier, China

In the article titled 'Embracing Openness and Cooperation for Mutual Benefit', Li pointed to the rising instabilities and uncertainties in the international arena 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 will continue to cooperate with the European Union (EU) on a broad range of issues, such as upholding the Paris Agreement, promoting a sustainable development, adhering to the Joint Comprehensive Plan of Action on the Iranian nuclear issue and combating terrorism, the premier said.

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 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 US$682.16 billion 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-US-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.

READ MORE: China, Europe eye deeper cooperation, brighter future

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.

ALSO READ: China, EU and US should work together

"China and the EU have far more common interests than differences," Li 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."

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