David Cameron: EU and China Should Commence Free Trade Talks
British Prime Minister David Cameron has added to calls for easing trade restrictions between China and the European Union, Bloomberg reports.
Cameron made the remarks while visiting China on a mission to promote business dealings between his country and the Asian nation. His comments were quickly labeled as premature by European Union officials in Brussels, who have repeatedly claimed that a balanced approach needs to be taken toward economic relations between the regions. Cameron emphasized that the United Kingdom was pushing for greater market access and that the holdup was not coming from his country.
The EU recently pushed through a series of tariffs on solar panels being imported from China after it was discovered that many manufacturers in the country are being subsidized by the government. Even worse, solar panels are being dumped in China to force prices higher and incentivize manufacturers in the country to increase production levels. This hurts European consumers buying the panels by forcing them to pay more and because of limited the supply of the good overall.