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China, EU reach "important consensus" at economic, trade talks: vice premier

12-21-2010 21:04 BJT

BEIJING, Dec. 21 (Xinhua) -- China and the European Union (EU) reached an "important consensus" on high technology trade during economic and trade talks in Beijing Tuesday, said Chinese Vice Premier Wang Qishan.

Chinese Vice Premier Wang Qishan (2nd R), European Commission Vice President
in charge of competition policy Joaquin Almunia (2nd L), Trade Commissioner
Karel De Gucht (1st L) and Commissioner for Economic and Monetary Affairs
Olli Rehn (1st R), attend the press conference on the Third China-EU High
Level Economic and Trade Dialogue in Beijing, capital of China, Dec. 21,
2010. (Xinhua/Xie Huanchi)

The two sides agreed to enhance cooperation in high technology trade and convene the first meeting of the China-EU High-Tech Trade Working Group at an early date, Wang said.

The two sides also agreed to improve trade and investment, innovation and customs cooperation, he said at a joint press conference after the third China-EU High-Level Economic and Trade Dialogue.

"The EU side agreed to enhance communication with the Chinese side for early recognition of China's market economy status," Wang said.

The two sides also reiterated the importance of stepping up coordination and cooperation in the G20 and other global economic governance platforms and jointly promoting the reform of international economic and financial rules and standards.

"It is important to oppose all forms of protectionism with concrete actions, and push for comprehensive and balanced outcomes of the WTO Doha Round negotiations at an early date," Wang said at the press briefing.

The one-day talks were co-chaired by Wang and European Commission Vice President in charge of competition policy Joaquin Almunia, Trade Commissioner Karel De Gucht and Commissioner for Economic and Monetary Affairs Olli Rehn.

"The EU remains strongly committed to its strategic partnership with China," Almunia said during the dialogue.

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