In recent days, signs of a shift in the European Parliament's policies towards China have emerged. Parliament representatives have concluded that the 'business as usual' approach to this country can no longer continue. Pascal Canfin, a member of the European Parliament and responsible for trade relations with China, has expressed serious concerns about the increase in Chinese exports and the threats that follow.
Economic and Industrial Threats
Canfin stated that the key goal of China's policy is to achieve leadership in the new global order based on its own power and values. According to him, the economic and industrial crises in Europe due to the increase in Chinese exports, especially in the automotive and chemical industries, are clearly visible. This has led European governments to consider balancing their trade with China.
Currently, negotiations are underway between Brussels and Beijing to address Europe's daily trade deficit of 1 billion euros against China. In this context, Maroš Šefčovič, the European Union's trade commissioner, will travel to Beijing in October, and if no progress is made, serious actions will be put on the agenda.
Developments in Policies
The European Parliament has ultimately concluded that serious measures must be taken to reduce dependence on China and strengthen domestic industries. To this end, the proposal for an 'Industrial Accelerator Law' is under consideration, which aims to establish European priority in strategic industries. This action is clearly seen as a response to China and an effort to strengthen the industrial infrastructure of the European continent.
Canfin also referred to the changing approach of governments, stating that Germany, as the largest economy in Europe, has leaned towards adopting tougher policies against China. This change is particularly evident among medium-sized companies that are concerned about their future in the face of China. However, the question arises whether these changes can genuinely lead to an improvement in Europe's economic situation.
Ultimately, it seems that the European Parliament is on the path to adopting a stronger and more active approach towards China, but many challenges lie ahead.
