Download Connectedness of the European Union and China through

Connectedness of the European
Union and China through the
Multilateral Trade System
Lenka Fojtíková
[email protected]
Significance of the topic
• The EU and China are the leading exporters and
importers of goods and services in the world.
• China became the 143rd member of the WTO on 11
December 2001 and trade disputes started to be solved
through the WTO Panel.
• In 2016, the issue of the “market economy status”
arose between the EU and China.
Object of the paper
• to depict the development of bilateral trade
between the EU and China in 2002−2016 and
• to analyse the sensitive areas of their trade
cooperation.
Methodology/Methods
• Quantitative research based on analysing:
– statistical data about the EU-China bilateral trade
• Qualitative research based on analysing:
– laws and documents published by the WTO or the EU
about TDI:
• The Working Party Report
• The Protocol of China’s Accession to the WTO
Results: China as the main trade partner of the EU
Figure1: The EU main trading partners in 2000−2016 (share in total
extra-EU trade in goods in %)
China as the main trade partner of the EU continued
Figure 2: China‘s share in the EU imports and exports in 2002−2016 (% of
total imports/exports)
China as the main trade partner of the EU continued
Table 1: China among the top 3 import partners of the EU Member
States, 2016
China as the main trade partner of the EU continued
Table 2: Top 5 SITC sections of the EU bilateral trade with China
China as the main trade partner of the EU continued
Figure 3: The EU trade balance with China in 2002−2016 (mill. EUR)
What are the reasons for this
development?
Results:
• The trade policy of the EU and the trade policy
of China  a different level of domestic
market protection.
• Statistics about trade flows  traditional
method & value-added method.
Results: Sensitive areas
Trade disputes in the WTO
(2002−2017)
• EU against China: 8
• China against EU: 5
Using TDI (2003−2016)
• EU against China: 100
• China against EU: 20
Conclusions
• A fact - bilateral trade between the EU and China
increased in 2001−2016, although no preferential trade
agreement was signed between them until now.
• However, the WTO has currently only limited
possibilities to make progress in the world trade
liberalisation.
• Recommendation ...
