Brussels: European Commission President Ursula von der Leyen emphasized the necessity for a new approach in EU-China relations, focusing on mutual interests and reducing trade restrictions. Her remarks were delivered during a speech before the European Parliament's plenary session amidst discussions on EU-China relations, as leaders prepare for a summit with the Chinese President later this month.
According to Kuwait News Agency, Von der Leyen highlighted the vast economic and trade scale between the EU and China, noting that while they are among the largest global economic powers, their trade volume is relatively modest, at only EUR two billion per day, double that of EU-Switzerland trade. She reaffirmed the European Commission's dedication to a "results-oriented engagement with China," advocating for a policy of "de-risking, not de-coupling."
Von der Leyen expressed concerns about the systematic discrimination European companies face in the Chinese market, particularly due to Beijing's "Buy China" policy. This policy, she argued, unfairly advantages Chinese-made goods and services. She also pointed out China's significant trade surplus, which she noted is the largest in history, exceeding EUR 300 billion with the EU in 2024.
Addressing strategic sectors, Von der Leyen stressed the importance of de-risking, stating that the EU is actively working to diversify supply chains and reduce dependency on China, especially in clean energy and rare earth minerals. On geopolitical issues, she criticized China's support for Russia in its conflict with Ukraine, warning that Beijing's actions could impact future EU-China relations.
Regarding climate collaboration, Von der Leyen acknowledged China's status as the world's largest carbon emitter but also recognized its substantial investments in clean technologies. She urged for strengthened cooperation in this field.
In conclusion, Von der Leyen stated that Europe is prepared to forge a new, more balanced and stable relationship with China, focusing on openness, mutual respect, de-risking, transparency, and ensuring fair treatment for European businesses in Chinese markets.