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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 ...