China seeks alliance with EU against US trade policies

Wednesday, 04 July 2018 17:55:20 (GMT+3)   |   Istanbul
       

China is seeking an alliance with the European Union against US trade policies, ahead of a Sino-European summit in Beijing on July 16-17, according to a Reuters report.

While China is proposing to join forces with the EU at the World Trade Organization, the EU is reportedly rejecting the offer to become allies. Reuters has quoted EU officials as saying that “the summit is expected to produce a modest communique which affirms the commitment of both sides to the multilateral trading system and promises to set up a working group on modernizing the WTO”.

Meanwhile, China is ready to discuss which industries can be opened for European investment, Vice Premier Liu He has said privately, according to Reuters.

 


Tags: China US Europe Trading 

Similar articles

Fitch: Increased trade tensions raise risks to global growth

06 Jul | Steel News

EU requests to join WTO consultations sought by China against US

25 Apr | Steel News

Latest freight rates from Banchero Costa

20 May | Steel Matters

Latest freight rates from Banchero Costa

26 Feb | Steel Matters

Latest freight rates from Banchero Costa

25 Nov | Steel Matters

November 8– November 14, 2014 Weekly market report.. Banchero Costa

18 Nov | Steel Matters

Latest freight rates from Banchero Costa

11 Nov | Steel Matters

Latest freight rates from Banchero Costa

28 Oct | Steel Matters

Latest freight rates from Banchero Costa

14 Oct | Steel Matters

Latest freight rates from Banchero Costa

09 Sep | Steel Matters