The European Union has ready a brand new financial safety technique to keep away from “leakage” of delicate expertise to China, the EU Commission chief mentioned on Tuesday.
Speaking on the plenary session of the European Parliament in Strasbourg, France, Ursula von der Leyen revealed that the European Commission will quickly current a brand new financial safety technique and develop new instruments to keep away from “the leakage of emerging and sensitive technologies through investments in other countries.”
She mentioned she traveled to China final week to deliver a “clear message” to Beijing and to keep away from “miscommunication” about their relationship.
Von der Leyen pressured the bloc wants a brand new China technique as “China has changed, Europe has changed.”
“We do not want to cut economic societal, political, and scientific ties,” with the nation, she mentioned.
But as a part of the EU’s “economic de-risking” technique, the bloc ought to strengthen its personal resilience, von der Leyen mentioned, citing the supply of vital supplies, pharmaceutical merchandise, and semiconductor expertise as examples.
She additional mentioned the EU ought to turn into “bolder and better in using our existing trade defense instruments.”
In addition, the EU government physique is presently engaged on an “instrument on outbound investment for a very small number but very sensitive technologies” to guard cutting-edge applied sciences.
Von der Leyen additionally warned that the EU-China relationship have to be rebalanced “on the basis of transparency, predictability, and reciprocity” in order that “trade in goods and services remains mutually beneficial.”
According to von der Leyen, China should “respect the level playing field” when giving entry to European firms to the Chinese market, and turn into extra clear about subsidies and adjust to mental property rights.
The EU have to be additionally conscious of different safety dangers, “particularly in the context of China’s explicit fusion of its military and commercial sectors,” she additional mentioned.
Source: www.anews.com.tr
