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

Has the EU diplomatic service EEAS had its day?

N. Peter KramerBy: N. Peter Kramer

In his weekly column, N. Peter Kramer writes about proposals for a radical overhaul of the EEAS and the power struggle between Ursula von der Leyen and Kaja Kallas.

Europe

European Security Strategy: In Search of a New Ambition

European Security Strategy: In Search of a New Ambition

The EU is putting together a new security strategy to meet today’s myriad challenges. But for any proposal to be effective, the union needs to grapple with its identity and ambitions.

Business

Why the US economy keeps defying the odds

Why the US economy keeps defying the odds

In Dresden, in east Germany late last year, the final car rolled off the assembly line at Volkswagen’s "Transparent Factory", built to showcase the pinnacle of European industrial power. Thousands of miles away in Spartanburg, South Carolina, a different German giant, BMW, is running its biggest plant in the world.

MARKET INDICES

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