China, UK seal deals on trade
7/9/2005 8:42
Chinese Premier Wen Jiabao and British Prime Minister Tony Blair vowed
yesterday to cooperate in hosting the Olympics in 2008 and 2012 and to promote
greater trade ties in the meantime. The second day of Blair's visit to China
also yielded aircraft and banking deals between the two nations. Airbus, the
European aircraft maker in which Britain's BAE Systems Plc holds a 20 percent
stake, signed an agreement to sell 10 A330 jets to China Southern Airlines,
while British bank Standard Chartered sealed the purchase of a 19.99 percent
stake in China's Bohai Bank. (See stories on P9.) Meanwhile in Shanghai, EU
foreign policy chief Javier Solana said yesterday that the trade bloc is
determined to lift a 16-year-old arms embargo against China but hasn't decided
when to do so. Blair met Wen for five hours on Monday during a China-EU
summit because Britain currently holds the rotating presidency of the 25-member
group. But yesterday the talks switched to bilateral issues before Blair was due
to depart for his next stop, India. Wen told Blair in the Great Hall of the
People that the two countries should expand trade and two-way investment,
support energy cooperation and encourage exchange in the education and cultural
sectors. Beijing will host the Olympics in the summer of 2008 and London will
follow in 2012. "We should further promote substantial cooperation in all
fields," Wen said, praising Sino-British cooperation in United Nations reform,
anti-terrorism, trade, investment, science and culture. Blair said
multi-level dialogue between Britain and China has created a sound environment
for promoting bilateral relations and that his country will further cooperate
with China to promote trade and economic ties and deepen education and culture
exchanges. In Shanghai, Solana said EU countries were still debating when and
how an embargo on arms sales to China imposed in 1989 might be lifted. "We
want to take a decision that is part of a solution, not part of a problem, and
therefore it has to be well explained and understood by everybody," Solana said.
EU countries led by France and Germany have pushed to lift the arms ban,
calling it a historical relic that impedes diplomatic and trade ties with China.
"We think it is part of history, this embargo, but we have to find a manner
and the moment in which it can be done without any difficulty, any problem,"
Solana said. The United States opposes an end to the arms sales
ban. Solana, who was also in Beijing for Monday's summit, sketched out an
overview of Sino-EU relations as he addressed the China Europe International
Business School yesterday morning. "China and the EU are natural partners in
many ways," he said. "There is a lot we have already achieved together, but
there is ever more work to be done." Solana said the summit demonstrated that
the strategic partnership China and the EU launched two years ago is growing
wider and deeper. "We both prize international stability and order. We are
both strong supporters of multilateralism and international law as the best
means to achieve this," he said. He listed nuclear proliferation and the
accompanying risk of weapons of mass destruction and terrorism among the key
challenges that China and the EU face. Also on Monday, China and the EU
reached an agreement that would unblock Chinese textiles piling up on European
docks because import quotas had been exceeded. The deal now awaits approval by
the EU's member nations. The initial signs were encouraging, European
Commission spokeswoman Pia Ahrenkilde Hansen said yesterday. "The agreement
with China is still subject to approval, (and) the first signal we have received
from the member states appears to be positive," Hansen told an EC press
conference in Brussels.
Shanghai Daily/Xinhua
|