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Friday, November 11, 2016

Dr. Duncan Freeman Gives Keynote at CEIBS Executive Forum

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November 10, 2016. Shanghai – The future of EU-China trade relations was the focus of an Executive Talk titled “Restructuring of the Chinese Economy and EU-China Trade Relations” given by Dr. Duncan Freeman today at the Shanghai Campus. Dr. Freeman is a Research Fellow at the EU-China Research Centre, College of Europe (CoE). His research and teaching focuses on Chinese economic policy, trade and investment, the EU-China economic relationship and domestic reform, as well as Chinese outward investment.

Dr. Duncan Freeman, Research Fellow at the EU-China Research Centre, College of Europe (CoE)

Dr. Freeman was introduced by Ms. Emilia Gargallo Gonzalez, Trade Officer at the Delegation of the EU in China. He began his talk with an overview of how trade and investment relations between the European Union and China have changed over the past decades. He also explained that to address current issues, the EU and China have a regular dialogue that focusses on three areas: strategy, trade and economy, and people-to-people exchanges.

Dr. Freeman pointed out that apart from the traditional trade in goods there has been a clear shift to trade in other sectors such as services, portfolio investment, and finance. Though China is now also investing overseas, it will be a long time until Chinese investment surpasses the volume of FDI (Foreign Direct Investment) between the US and Europe.

EU-China trade relations still have room to grow, as today trade mainly takes place in the first tier cities. The railway links being built to connect China’s western provinces with the coastal areas means more trade links will be established. The EU is also working with China to ensure fair trade conditions for European companies, just as Chinese companies will be treated no differently from domestic ones when investing in the European Union.

China’s One Belt, One Road initiative which began three years ago, provides another dimension for new trade links. This new bridge between Eurasia and Europe means China may be a valuable partner in the European Fund for Strategic Investment.

Ms. Emilia Gargallo Gonzalez, Trade Officer at the Delegation of the EU in China​

Writer: 
Claudia Schaefer
Editor: 
JANINE M. COUGHLIN