(Bloomberg) -- Politically driven barriers are
shackling European Union exports to China and cost the bloc as
much as 20 billion euros ($27 billion) a year in lost commerce,
EU Trade Commissioner Peter Mandelson said.
``Europe's trade deficit with China is growing,'' he told
the European Parliament last night in Strasbourg, France,
according to an advance copy of his speech. ``Now I accept that
part of this deficit may be the natural result of market forces.
But we also know that our export potential is being hampered by
barriers in the Chinese market, that an important part of the
current trade balance is artificial.''
Read more at Bloomberg Emerging Markets News
shackling European Union exports to China and cost the bloc as
much as 20 billion euros ($27 billion) a year in lost commerce,
EU Trade Commissioner Peter Mandelson said.
``Europe's trade deficit with China is growing,'' he told
the European Parliament last night in Strasbourg, France,
according to an advance copy of his speech. ``Now I accept that
part of this deficit may be the natural result of market forces.
But we also know that our export potential is being hampered by
barriers in the Chinese market, that an important part of the
current trade balance is artificial.''
Read more at Bloomberg Emerging Markets News
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