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1 1 (April 1, 2019)

handle is hein.crs/govyvm0001 and id is 1 raw text is: Cogesoa Reea1 Seric Updated April 1, 2019 The European Union and China Background The European Economic Community (EEC), the predecessor to the European Union (EU), and China established diplomatic relations in 1975. The EU-China relationship, which began as a framework of economic cooperation, has evolved into a comprehensive political and economic relationship. Today, the EU's China policy prioritizes reciprocity, a level playing field, and fair competition in political and economic relations. It also seeks to advance European values, such as the promotion of democracy, rule of law, human rights, economic and social reform in China, and respect for the U.N. Charter's principles, and to raise the EU's profile in China In November 2013, the EU-China Strategic 2020 Agenda for Cooperation was launched (http://eeas.europa.eu/ archives/docs/china/docs/20131123_agenda_2020_en.pdf) The agenda established the framework intended to guide EU-China relations until 2020. The Strategic 2020 Agenda is being implemented through three pillars: a High-Level Strategic Dialogue, a High-Level Economic and Trade Dialogue, and a biannual People-to-People Dialogue established in 2012. Today, according to the EU, the EU and China have over 60 high-level and senior-level dialogues, working groups, and steering committees reflecting the wide-ranging scope of the relationship, including in areas such as cyber, transnational crime, economics, high-tech innovation, tourism, energy, and the environment. The EU and China also have agreed to further develop exchanges on legal affairs and digital connectivity. China's Perspective In June 2015 remarks to the China-EU Business Summit, Chinese Premier Li Keqiang described the EU as a major pole on the global political arena. China's strategy in Europe appears to institutionalize engagement, gain access Europe's significant market and technology base, to garner support for China's global interests and to reduce, but not challenge, long-standing U.S. dominance in Europe. Political Dimension According to EU leadership, the EU's commitment to a political dialogue with China reflects Europe's recognition that China, as a growing economic and political power, and an increasingly active member of the international community, can exert significant influence on an array of issues of global concern. In a world increasingly bound together by the forces of globalization, the EU sees cooperation with China, bilaterally or within multilateral structures, as crucial to achieve progress in any number of issues of mutual importance to Brussels and Beijing. The EU's relations with China, while predominantly economic in nature, are also designed to promote EU influence in other areas. The EU and China hold an annual Strategic Dialogue to discuss bilateral relations, with a focus on foreign and security policy, at the level of the High Representative/Vice President on the EU side and the State Councilor for Foreign Affairs on the Chinese side. This political dialogue attempts to address critical global issues, such as such as human rights, the South China Sea, North Korea, and China's One Belt, One Road initiative. Through the people-to-people exchange, the EU and China have committed to the continued development of sustainable tourism, which, according to both sides, is booming. Approximately 6 million Chinese visitors traveled to Europe in 2018. Another aspect of the EU-China dialogue is designed to promote intellectual exchanges between major cultural, scientific, and educational institutions. As part of this dialogue, the China-Europe International Business School and the EU-China School of Law have, for years, successfully trained business and legal experts to promote exchanges between China and Europe. More than 200,000 Chinese nationals are studying in Europe, and some 40,000 EU citizens are studying in China. Economic Dimension The EU and China are two of the biggest trading partners in the world, with EU-China trade increasing dramatically in recent years. China and Europe now trade an average of well over 1 billion each day. Bilateral trade represents approximately 3.3% of the EU's GDP and close to 6% of China's GDP, underlining the large interdependence of China and the EU in terms of trade. ittps://crsreports.congress

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