Trade between EU and China reaches record high

Trade between EU and China reaches record high

European Union (EU) is reportedly the Chinese biggest trading partner in 2004. According to the specialists, trade volume of EU with China, which has widened with the 10 new members join last year, reached $159.3 billion (approx. €121.4 billion) in the first eleven months of the (last) year. Surpassing the US and Japan, EU took the first place in trade with China (by surpassing the US and Japan). China became the EU's second-largest trading partner after the US. Among the EU member countries, Germany, the Netherlands, UK, France and Italy were the main trading partners of China. These countries accounted for 72% of the total trade volume.