GPS News  
TRADE WARS
'Naivety' towards China on trade is 'over': Germany
by AFP Staff Writers
Neuhardenberg, Germany (AFP) Sept 15, 2022

Germany on Thursday vowed to apply a "robust trade policy" on Beijing, amid concerns of overreliance on China and human rights abuses.

Any "naivety" in relations with China was "over", German Economy Minister Robert Habeck told a press conference after hosting a meeting of G7 trade ministers.

"The period when we said trade no matter what, whatever the social or humanitarian standards are" was over, Habeck said.

"We will establish a robust trade policy towards China in Europe" as would other international partners, he said, promising a response to Chinese trade protections.

Western partners have already begun trying to unwind a reliance on trade with China that was dramatically exposed during the coronavirus pandemic.

They have also sought to wrest back control of key technologies, such as batteries and semiconductors, where businesses have up until now been highly reliant on Chinese suppliers.

But Russia's invasion of Ukraine has further exposed the dangers of reliance -- as Europe has experienced over energy.

"Diversifying trade" was "key to ensuring well-functioning supply chains", G7 trade ministers concluded in a statement.

"China is one of the concerns, concern on distortion, industrial subsidies, on transparency," European Union trade commissioner Vladis Dombrovskis told AFP.

"We need to discuss about the way to address it," said Dombrovskis, who attended the meeting.

The EU earlier this week said it would will ban products made from forced labour.

The plan does not explicitly mention China but comes amid widespread concern over the exploitation of Uyghur workers in the region of Xinjiang.

Earlier this year, the EU also unveiled a multi-billion-euro "Chips Act" aimed at doubling Europe's market share in semiconductors and dependence on supplies from Asia.

The G7 declaration also came as China's Xi Jinping met Russian President Vladimir Putin in Uzbekistan along with other Asian leaders to discuss military and trade cooperation.


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
EU to ban products made using forced labour, risking China anger
Brussels (AFP) Sept 14, 2022
The European Union said Wednesday it will ban products made from forced labour as China faces rising criticism that the Uyghur people in the Xinjiang region are being forced into slave labour. The plan by Brussels does not specifically mention China, but will instead focus on all products made from forced labour - including those made within the bloc. "This proposal will make a real difference in tackling modern-day slavery, which affects millions of people around the globe," said the EU's trad ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
The hungry bugs fighting Uganda's fertiliser crisis

Prices soaring everywhere: from beans in Brazil to pork in China

Negev desert winemakers show way ahead in Israel's hot climate

Countries growing 70% of world's food face 'extreme' heat risk by 2045

TRADE WARS
Making mini-magnets

Foxconn strikes $19.4 bn deal to make chips in India

Modified microwave oven cooks up next-gen semiconductors

Biden says US must develop chips to keep up with China

TRADE WARS
United Airlines spends $15M for 200 electric air taxis

Turkey may turn to Russia if US blocks F-16 sales: Erdogan

Airbus partners with Hiratagakuen to test future eVTOL flight routes

Israel PM, standing next to F-35 jet, warns Iran of 'long arm'

TRADE WARS
AI-powered autonomous driving vehicle

MG revs up Chinese electric car presence in Europe

China's debt-laden Evergrande produces its first car

Gripes over electric car tax credit as Biden visits Detroit show

TRADE WARS
Iran says will pursue membership of Russia, China-led bloc

Xi urges more 'political trust' with Turkey in Erdogan meeting

Summit with Putin, Xi to showcase 'alternative' to West: Kremlin

EU to ban products made using forced labour, risking China anger

TRADE WARS
MEPs toughen EU law on deforestation

Scientists fight to protect DR Congo rainforest as threats increase

Scandals, Covid, deforestation: Brazil under Bolsonaro

Want to save carbon and land? Study suggests wooden cities

TRADE WARS
Albedo raises $48M to capture the highest resolution satellite imagery

JAXA startup Tenchijin releases free land evaluation app using EO data

Black Summer wildfires in Australia impacted climate and high altitude winds across the southern hemisphere

Chinese Gaofen satellites deployed for quake-hit Sichuan

TRADE WARS
'Naturally insulating' material emits pulses of superfluorescent light at room temperature

Making nanodiamonds out of bottle plastic

Towards stable, sustained Raman imaging of large samples at the nanoscale

A mirror tracks a tiny particle









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.