The ninth China-EU Summit will inject momentum into bilateral relations but
there are also challenges ahead, researchers and EU officials have said.
The annual summit ended in Helsinki, Finland on Saturday as leaders from both
sides vowed to deepen their comprehensive strategic partnership, established in
2003.
Zhao Junjie, a researcher at the Institute of European Studies under the
Chinese Academy of Social Sciences, said yesterday that the most substantial
achievement at the meeting was the decision to launch talks on a new partnership
agreement between China and the EU.
"The new agreement will greatly expand and deepen bilateral co-operation by
putting into place a long-term mechanism for strategic co-ordination," he told
China Daily.
"That suggests the EU attaches importance to its relations with China, and
the EU-China relationship is entering a fruitful stage."
The EU is now China's biggest trade partner, with bilateral trade volume
amounting to 217.3 billion U.S. dollars last year.
European Commissioner for External Relations Benita Ferrero-Waldner on Sunday
hailed the proposed talks as a "real breakthrough" for bilateral ties.
"The summit is excellent, the atmosphere is very good," Ferrero-Waldner was
quoted as saying by Xinhua News Agency. "It's a very important breakthrough."
"In order to reflect the full breadth and depth of today's comprehensive
strategic partnership between the EU and China, the two sides agreed to launch
negotiations on a Partnership and Co-operation Agreement ...," said a joint
statement issued on Saturday after the summit.
Ferrero-Waldner said the current legal framework for EU-China relations the
Agreement on Trade and Economic Co-operation signed in 1985 "is a trade
agreement," and it has failed to reflect the reality of the current EU-China
ties.
EU-China relations are "much broader" now, said Waldner, adding that
bilateral ties comprise many dialogues like politics, trade, energy, education
and climate change.
"Therefore, the new partnership agreement will indeed show the breadth of our
relations with China," the commissioner reportedly said.
Zhao highlighted a wide range of sectors for China-EU co-operation as
included in the joint statement, such as energy, environment, bird flu, United
Nations reform, anti-terrorism action as well as scientific research.
"It clearly explains that China and the EU are strengthening their
partnership with more pragmatic and concrete co-operation," he
said.