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Opportunities and challenges for EU-China trade relations

Summary:
How can trade relations between the EU and China be strengthened? How can the current situation be improved, and what are the potential challenges to do that? In this episode of The Sound of Economics, we focus on trade relations between the EU and China. We asked Alicia Garcia Herrero, Senior Fellow at Bruegel, where relations between China and the EU stand at the moment, and why their trade relations are so important. Currently the US seems more interested in the Pacific than its Atlantic alliance. Does this situation leave any room for the EU and China to get closer? We asked Pascal Lamy, former General Director- of the World Trade Organisation. Lawrence Lau, Professor of Economics at the University of Hong Kong, told us why he believes that both China and the EU can benefit from closer relations. We spoke with Jianwei Xu, Visiting Scholar at Bruegel, about the effects of Brexit on the EU-China relations: what would happen if the UK strikes a free trade agreement with China before the EU does? Finally we discussed the Chinese Belt and Road initiative, which aims to reduce transportation costs between China and the EU. We asked professor Lau what this initiative entails, and Alicia shared her opinion on potential opportunities and dangers that the initiative can bring to Europe.

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How can trade relations between the EU and China be strengthened? How can the current situation be improved, and what are the potential challenges to do that?

In this episode of The Sound of Economics, we focus on trade relations between the EU and China.

We asked Alicia Garcia Herrero, Senior Fellow at Bruegel, where relations between China and the EU stand at the moment, and why their trade relations are so important.

Currently the US seems more interested in the Pacific than its Atlantic alliance. Does this situation leave any room for the EU and China to get closer? We asked Pascal Lamy, former General Director- of the World Trade Organisation.

Lawrence Lau, Professor of Economics at the University of Hong Kong, told us why he believes that both China and the EU can benefit from closer relations.

We spoke with Jianwei Xu, Visiting Scholar at Bruegel, about the effects of Brexit on the EU-China relations: what would happen if the UK strikes a free trade agreement with China before the EU does?

Finally we discussed the Chinese Belt and Road initiative, which aims to reduce transportation costs between China and the EU. We asked professor Lau what this initiative entails, and Alicia shared her opinion on potential opportunities and dangers that the initiative can bring to Europe.

Speakers

Alicia Garcia Herrero, Senior Fellow, Bruegel

Pascal Lamy, former General Director, World Trade Organisation

Lawrence Lau, Professor of Economics, University of Hong Kong

Jianwei Xu, Visiting Fellow, Bruegel

CREDITS

Presented and produced by Vanessa Cotterell and Giuseppe Porcaro

About Bruegel
Bruegel

Bruegel is a European think tank that specialises in economics. Established in 2005, it is independent and non-doctrinal. Bruegel’s mission is to improve the quality of economic policy with open and fact-based research, analysis and debate. We are committed to impartiality, openness and excellence. Bruegel’s membership includes EU Member State governments, international corporations and institutions.

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