In a new report, Weber Shandwick looks at why, and how, the world’s three largest economies – China, the US and the EU – are entangled in a complex trade tussle which could have considerable political ramifications.
In a complex environment where legal reservations meet sensitive geopolitical and domestic economic concerns, China’s quest for Market Economy Status (MES) under the WTO is generating heated political debates and widespread media attention in both EU and US. MES recognition for China will see anti-dumping instruments currently available to countries importing from China weakened. Exactly this is at the heart of the matter.
Despite China’s determination on the issue, the US is, in principle, opposed to recognizing China as a market economy. It has been actively lobbying the EU, which has yet to agree on its position, to follow suit. Understanding the various perspectives is key for any business operating in this environment.
This report, drafted by Weber Shandwick experts in Washington DC, Beijing and Brussels, breaks down the legal, economic and political variables at play between the three trading blocs, providing an outlook for what may come.
These issues, and more, will be explored at The 2016 China Government Affairs Forum, which is supported by Weber Shandwick