The Need to Establish a New Format for Trade Political Relations between European Union and China

Abstract

In this research work, Author focus on the analysis the need to establish a new format for trade-political relations between European Union and People Republic of China. What indicates the importance and innovativeness of the research is the presentation of the technical progress especially in China, the growth of economic ties with the European Union and the benefits resulting from liberalised of the China foreign trade policy under WTO. Realistic point is important trends in the trade regime between EU and China. Their commercial relations are too important to become hostage to political grandstanding or airy rhetoric by politicians performing for domestic galleries. Europe is China’s largest export market, and China now ranks second on Europe’s list of key trading partners. Trade with China dwarfs any other trade relation Europe has with emerging Asia. Disturbing this relationship would have ramifications for sales, growth and employment. The Chinese government is less concerned today about Western criticisms of China’s autocratic system, but the Chinese people have grown more nationalistic and represent a potentially greater threat to commercial relations. Commercial interests in autocratic regimes cause political dilemmas. The main aim of the paper is the presentation the need to establish a new format for trade political relations between European Union and China.