Arab Today, arab today china 16 east europe states vow to boost ties within eu rules
Last Updated : GMT 18:04:29
Arab Today, arab today
Arab Today, arab today

China, 16 East Europe states vow to boost ties within EU rules

Arab Today, arab today

Arab Today, arab today China, 16 East Europe states vow to boost ties within EU rules

Bucharest - AFP

China and 16 Central and Eastern European countries pledged Tuesday to boost two-way investment and trade, insisting that EU regulations will be met. "China eyes cooperation in infrastructure, communications, high-speed railway projects, which will lead to massive investment and a rise in commercial exchanges," with countries in the region, Chinese Prime Minister Li Keqiang told 16 CEE counterparts and hundreds of businessmen attending a meeting in Bucharest. "We are prepared to discuss ways to finance these projects, within the lines traced by European Union regulations," Li stressed. Brussels has warned countries in the region against crossing any regulatory red lines when concluding economic deals with China. Li said he hoped $10.5 billion in credit lines committed by China last year would be put to use, proclaiming 2014 "the year of China-CEE investment and business ties". The credit lines were announced by Li's predecessor Wen Jiabao during a summit in Warsaw. But analysts say that 18 months later the promise the massive capital injections have yet to materialise. The gathering in Bucharest comes less than a week after the 28-nation European Union held a summit with China at which the two sides launched negotiations for a landmark investment agreement. The EU and China have seen their commercial relationship grow dramatically but also witnessed increasing trade disputes over issues ranging from solar panels to wine. "Pragmatic cooperation between the CEE region and China is beneficial not only to the two sides but also to the consolidation of balanced development in Europe as a whole," Li stressed. "China needs a powerful Europe, but Europe can only be strong if each and every one of its members attains rapid economic development," Romanian Prime Minister Victor Ponta said. The prime ministers of 15 Eastern European states are attending the summit. Latvia is represented by its Foreign Minister. On Monday, shortly after arriving in Romania, Li insisted "cooperation between China and the CEE was an important part in the relationship with the EU." He added that China wanted "a strong euro currency and a united, prosperous EU." China and Romania signed 13 cooperation agreements on nuclear, renewable and conventional energy, and on agriculture. The accords on nuclear cooperation are expected to give China General Nuclear Power Group (CGN) a role in Romania's plans to build two new reactors at its sole nuclear plant, at Cernavoda. The project, delayed for years for lack of funding, is worth more than $5.4 billion. Ponta made a point of reassuring Brussels, stressing that Romania would "definitely observe the EU competition rules." But he added that Chinese companies should not be discriminated against "when their bids were technically and financially better, which was the case in many fields." Li and his Hungarian and Serb counterparts, Viktor Orban and Ivica Dacic, also announced an agreement on the modernisation of a railway linking the two Central European countries. "This will be a landmark project," Li said. Orban hailed a "one-of-a-kind, never-before agreement," saying it embodied a "win-win-win-win situation, as Serbia, China, Hungary and the EU will all have to gain from it." "China's investment policy is of assistance to the entire EU because it increases the competitiveness" of the European bloc, he added. In the early 2000s, Chinese investment in the region was almost inexistent. In 2010 it topped $800 million, according to the Warsaw-based Central and Eastern European Development Institute. Trade between China and CEE has also grown. While it amounted to $3.0 billion in 2000, it surpassed $41 billion in 2010, with China registering a net surplus. Following the eurozone crisis, the CEE countries with their "hybrid economies, somewhere between emerging and developed markets... appear as more dynamic places to put Chinese money into," the CEED said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china 16 east europe states vow to boost ties within eu rules Arab Today, arab today china 16 east europe states vow to boost ties within eu rules

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 14:57 2017 Monday ,20 February

A giant initial public offering on track

GMT 14:50 2017 Monday ,20 February

Energy Market Research

GMT 09:38 2017 Monday ,20 February

Japan returns to trade deficit in January

GMT 07:16 2017 Monday ,20 February

Global arms trade highest since Cold War

GMT 06:10 2017 Monday ,20 February

Tourism shows signs of recovery in Egypt

GMT 05:45 2017 Monday ,20 February

Brexit U-turn ruled out by many in EU
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday