Does China Have A Free Trade Agreement With The Eu

In 2016, the EU adopted a new strategy vis-à-vis China, which defines the European Union`s relations with China for the next five years. The strategy promotes reciprocity, a level playing field and fair competition in all areas of cooperation. Since 2012, China has been trying to get the European Union to conclude bilateral free trade agreements. China is absent from the Trans-Pacific (TPP) and Transatlantic Trade Agreement (TTIP) and wants to „respect“ itself a pact of similar size so as not to lose trade flows or have to respect new „global“ standards of others. For their part, European companies want greater openness to China and a fairer playing field for domestic companies, especially state-owned enterprises. Trade in services plays an important role in all modern economies.