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In a speech on the EU's relations with China (12/12/07), B.Ferrero-Waldner spelt out the EU’s China Policy below:

- to broaden and deepen political dialogue with China, both bilaterally and on the world stage,

- to support China's transition to an open society based upon the rule of law and respect for human rights.

- to encourage the ongoing integration of China in the world economy through bringing it fully into the world trading system, and supporting the process of economic and social reforms.

- to raise the EU's profile in China.

According to Ferrero-Waldner:
" ....In October 2006, the Commission set out its strategy towards China in the communication “EU-China: Closer partners, growing responsibilities”. The communication takes stock of EU-China relations in the context of China’s re-emergence as a global economic and political power. It signals the EU’s wish to continue and further intensify its comprehensive engagement with China. The Communication pursues a five-pronged strategy that focuses on the support for China’s transition towards a plural society, the promotion of sustainable development, the improvement of our trade and economic relations, the strengthening of our bilateral cooperation as well as the fostering of regional and international cooperation. More generally, the Communication stresses that increased responsibilities and expectations should go hand in hand with China’s stronger influence and position in the world....".

He also mentioned the working paper on EU-China trade and investment called “Competition and Partnership”, further throws light on policy options that ensure mutually beneficial trade relations between the two groups. He adds that the working paper emphases the benefits of openness, competition, market access. It also stresses the need to give support to EU firms, which do business in China and to improve EU's knowledge of the Chinese market.

The report adds that "The 2003 policy paper already charted an ambitious course of action for further development of EU-China relations and defined concrete and practical action points to implement the EU’s policy towards China...".

Source: Google Internet search.
Reference:
http://ec.europa.eu/external_relations/china/intro/index.htm

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