EU-China trade and economic
relations have expanded dramatically over the past three decades. Today, China
is the European Union's second largest trading partner and the EU is China's largest
trading partner. A close strategic partnership is in the interest of both the EU
and China and China's integration into the global trading system can only continue
to benefit both sides.
The EU-China Trade Project (EUCTP)
was launched in 2004 by the European Commission and the Ministry of Commerce of
the People’s Republic of China to bring EU-China trade relations and mutual
understanding even closer by supporting China's continued integration into the
world trading system and assisting its institutional, policy and regulatory
reform process.
As the EU’s largest trade-related
technical assistance project worldwide with EUR 20.6 million in joint funding
over five years, the EUCTP reflects the growing scope and ever increasing importance
of EU-China trade relations. Overall, the EU’s co-operation portfolio in China includes
over 100 projects covering social and economic reform, sustainable development
and good governance with a current budget of more than EUR 200 million.
The EUCTP comprises six linked
components covering the main sectors of international trade and associated
horizontal issues. All components are designed to assist China in implementing
its WTO commitments, to strengthen China’s general trade-related capacity and to
promote closer trade relations with the EU.
In line with these objectives, the EUCTP
supports initiatives and priorities identified under the EU-China trade
dialogues between the European Commission and the People’s Republic of China. Among
many, these include dialogues on Intellectual Property Rights, Industrial
Policy, Competition Policy, Government Procurement, Agriculture, and Customs as
well as the Sustainable Trade Taskforce.
In practice, the EUCTP organises a
range of activities including conferences, seminars
and workshops, training programmes and studies as well as study visits to
Europe and internship placements. These activities are motivated by necessity
and reach a wide spectrum of Chinese beneficiaries.
News
A
new EU-China trade reform project, to support China’s sustainable trade and
investment system, is due to commence in 2010