"Our strategy paper is meant to reinforce the process of rebalancing our relationship with China. And this is not just another task for the Commission, this is a process in which we all need to be involved and talk to each other over the next months and years", BusinessEurope Director General Markus J. Beyrer said handing over the paper "The EU and China - Addressing the systemic challenge" to EU Commissioner Phil Hogan. Representatives of various Member States, the European Commission, Members of the European Parliament and journalists attended the event and showed great interest in the paper. This comprehensive paper contains an in-depth analysis of how the systemic challenge affects European businesses and ways to address this.
"China is already the EU’s second biggest trading partner and the EU is China’s biggest trading partner. However, a substantial economic potential remains untapped due to the challenges that China’s state-led economy pose", Director General Markus J. Beyrer said at a press conference presenting BusinessEurope’s latest publication: "The EU and China: addressing the systematic challenge". China, Beyrer explained, is currently not moving towards more market-oriented reforms; the EU needs to take its own measures to address the systemic challenges with a view to securing a stronger and fairer economic relationship and levelling the playing field. To make the economic relationship between these two countries stronger and fairer, BusinessEurope proposes four key objectives for the EU to pursue: (1) securing a level playing field between China and the EU; (2) mitigating the impact of China’s government-induced market distortions; (3) reinforcing the EU’s own competitiveness; and (4) ensuring fair competition and cooperation on third markets.
- Read the paper or the press release
Croatia will hold the presidency of the Council of the EU for the first time since it joined the EU, from January to June 2020. During the semester, Zagreb will have to deal with important issues such as the future European industrial strategy, the new multi-annual framework for the EU budget and the UK’s departure from the EU. For BusinessEurope, the EU must strive for economic sustainability, since it is the very basis for environmental and social sustainability. In line with our flagship paper "Prosperity, People, Planet - Three pillars for the European Union agenda in 2019-2024", we urge the Croatian Presidency, more particularly, to pursue policies that will enable European business and industry to flourish and innovate, and to ensure that the post-2020 European budget is future-oriented and puts greater emphasis on research, development and innovation. Read our letter
BusinessEurope President Pierre Gattaz and Director General Markus J. Beyrer met European Commission President Ursula von der Leyen to present and discuss the business priorities for the von der Leyen Commission. At a time when Europe is facing a number of internal and external challenges, business is looking forward to contributing constructively to a Europe that provides opportunities for all. At the meeting President Gattaz stressed that a flourishing economy and a business-friendly environment are a prerequisite to reach our environmental and social ambitions. Only if we make our European model successful also economically will we be able to lead the way and promote a sustainable European way of life in the world.
Photo copyright: European Union 2019