Berlin (dts news agency) – Shortly before the virtual EU-China summit, the Federation of German Industries (BDI) is concerned about European-Chinese relations. “After more than 30 rounds of negotiations on an investment agreement, the Chinese government must finally show political will and submit an acceptable offer,” said BDI President Dieter Kempf on Sunday. The EU must find clear words in the negotiations and should not approve an agreement with too little content. “An agreement under the German Council Presidency this year would be nice, but quality is what counts for business,” said Kempf. “The focus must be on substantial market access and a real level playing field for European companies.”
When it comes to trade, China must break down market barriers vis-à-vis the EU. “This includes not only tariffs, but also discriminatory standards or complicated certification procedures for European products,” said the BDI boss.