Nicolas Chapuis, EU ambassador to China, said “the fact that trade tensions may be reduced, thanks to the U.S.-China deal is good news”. China’s promises on intellectual property issues will benefit other trading partner as well.
However, he warned that “managed trade, quantitative targets, bilateral deals” are “not what a global world needs.” “We do not like bilateral arrangements in globalization. Of course, the U.S. is entitled to any deal it wishes with China. But if it is not WTO compatible, then we have an issue”, he added.
Also, EU is taking a “different approach” than the US with China. Chapuis said “we think that policy of engagement, clarity, the possibility to strike smart deals, to take stock of China’s innovation policies and formidable economy of this country is of interest to us and engagement rather confrontation is the right path.”
