Edition: International | Greek
MENU

Home » Business

EU becomes China's biggest trading partner

By: EBR - Posted: Monday, January 10, 2005

EU becomes China's biggest trading partner
EU becomes China's biggest trading partner

The EU has leap-frogged the US and Japan to become China's biggest trade partner, according to Chinese media.

Officials from the Chinese trade ministry, quoted by the China's People Daily, say that China has also become the EU's second largest trading partner after the US.

In the year up to November, trade volumes between the EU and China reached 159.3 billion dollars - up 34.7 percent on the same period in 2003.

The UK, the Netherlands, France, Germany and Italy are the main trading partners, according to the paper, accounting for 72 percent of Europe's trade with Beijing.

However, disputes between the EU and China remain, including over the ban on Chinese arms sales. The EU also wants greater market access to China.

READ ALSO

EU Actually

Six EU countries demand revision of climate policy: ‘Ideological dogmatism harms our industry’

N. Peter KramerBy: N. Peter Kramer

Six European heads of government have called on Commission President Ursula von der Leyen to review the current EU climate policy.

Europe

EU agrees €90bn loan for Ukraine but without using Russian assets

EU agrees €90bn loan for Ukraine but without using Russian assets

European Union leaders have struck a late-night deal to lend Ukraine €90bn (£79bn; $105bn) over the next two years, after failing to agree on using frozen Russian assets.

Business

EU waters down plans to end new petrol and diesel car sales by 2035

EU waters down plans to end new petrol and diesel car sales by 2035

Current rules state that new vehicles sold from that date should be "zero emission", but carmakers, particularly in Germany, have lobbied heavily for concessions.

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2026. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron