SOURCE / ECONOMY
China-EU economic ties highlighted for mutual benefit, should not be ‘hijacked’ by Lithuania's missteps: experts
Published: Jan 28, 2024 09:00 PM
China EU Photo:VCG

China EU Photo:VCG



 
The EU has reportedly suspended its complaint at the WTO against China over so-called economic coercion of Lithuania, citing "technical reasons." Chinese experts on Sunday stressed that China-EU economic ties are mutually beneficial, and the EU should commit to maintaining the healthy development of the ties, which should not be "hijacked" by Lithuania's missteps.

Citing EU trade spokesman Olof Gill, the South China Morning Post reported that "this is a procedural step taken for technical reasons related to the need to assess certain elements arising from the preparation of written submissions." 

The suspension will be for an "indeterminate period of time," but the bloc has one year to resume the dispute, according to the report.

In January 2022, the EU filed a complaint with the WTO, accusing China of engaging in discriminatory trade practices against its eastern member Lithuania. 

China has always abided by the rules of the WTO, and this is beyond discussion, experts said, noting that it was Lithuania's wrongdoings on Taiwan-related questions that seriously affected the confidence of enterprises in the two countries to carry out normal cooperation.

Before the EU filed the case, Lithuania consistently positioned itself on the anti-China front and breached the one-China principle by allowing the establishment of a "representative office" under the name of "Taiwanese" in Vilnius.

China's so-called coercion of Lithuania is groundless and distorts the facts, a spokesperson for the Chinese Foreign Ministry responded in January 2022, reminding the EU to tell right from wrong, stay wary of Lithuania's attempts to take China-EU relations hostage and advise Lithuania to follow other EU members in fulfilling the political commitment made upon the establishment of diplomatic ties with the People's Republic of China.

The EU filing a complaint at WTO was more of taking a political stance, Hu Qimu, a deputy secretary-general of the digital-real economies integration Forum 50, told the Global Times on Sunday.

In returning to real economic and trade issues, the EU, overall, is in greater need of China's colossal market, Hu said.

The European economy is under significant pressure due to the intense upheavals in the energy market caused by the Ukraine crisis and the Israel-Palestine conflict. Moreover, US interest rate hikes and reshoring initiatives in manufacturing have highly unfavorable effects on both the economic growth and industrial development of EU members, Hu noted.

Against this backdrop, the EU must take responsibility for its own economy, rather than allowing itself to be "hijacked" by Lithuania, potentially causing harm to its own interests in the end, Hu said.

"Looking at the broader picture of China-Europe relations, there are no fundamental strategic differences or conflicts. Instead, there exists a wide range of shared interests and a foundation for long-term cooperation built over time," he added.

According to a survey released by the EU Chamber of Commerce in China in September 2023, European enterprises still attached great importance to the Chinese market, and 63 percent hoped to continue to expand their market in China.

This year marks the 60th anniversary of the establishment of China-France diplomatic relations, providing a favorable time for China and the EU to strengthen their mutually beneficial economic and trade ties. 

"The EU should commit to maintaining the positive development of this relationship, which is crucial for the growth of both sides and the overall global economy," Hu said.