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China's Wen urges EU to ease high-tech export limits
Prague (AFP) May 20, 2009 Chinese Premier Wen Jiabao called on the European Union on Wednesday to ease limits on exports of high-tech goods at an EU summit in Prague. "We hope that the European Union will relax its restrictions on the export of high-tech products to China and foster new growth areas in our business cooperation," he told journalists after the summit. He also reiterated Beijing's long-standing hope to see EU nations grant China market economy status and lift an arms embargo. Market economy status is a standard often used in anti-dumping cases. Recognition as a market economy raises the bar for when a country can be considered to dump products on the world market. Two-way trade has exploded in recent years, making the European Union the top destination worldwide for exports of Chinese goods while China is Europe's biggest trade partner after the United States. Last year they traded 326 billion euros (441 billion dollars) in goods, with Europe running a 169.4 billion euros deficit with China. Wen said that Beijing would soon dispatch a Chinese delegation on a European procurement mission after a similar mission earlier this year. Share This Article With Planet Earth
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