News / Economy

    Britain's Cameron Visits Beijing, Pushes EU-China Free Trade Deal

    British Prime Minister David Cameron, left, chats with Chinese Premier Li Keqiang as they arrive for a welcome ceremony at the Great Hall of the People in Beijing, China, Monday, Dec. 2, 2013.
    British Prime Minister David Cameron, left, chats with Chinese Premier Li Keqiang as they arrive for a welcome ceremony at the Great Hall of the People in Beijing, China, Monday, Dec. 2, 2013.
    Reuters
    British Prime Minister David Cameron flew into China saying he wanted to lay the groundwork for a multi-billion-dollar free trade deal between Beijing and the European Union, despite growing unease about his own country's membership in the bloc.
     
    On a three-day visit with a delegation of around 100 business people, the largest-ever British mission of its kind, Cameron said he wanted his country to play an important role in China's expansion as the world's second biggest economy is talking about opening up its markets.
     
    “China's transformation is one of the defining facts of our lifetime,” Cameron wrote in Caixin, a Chinese weekly news magazine, on the eve of the visit.
     
    “There is a genuine choice for every country over how to respond. They can choose to see China's rise as a threat or an opportunity. Britain's answer is clear. We want to see China succeed,” continued Cameron.
     
    Cameron's push for an E.U.-China trade deal will irritate the European Commission, which is understood to be strongly opposed to such a move on the grounds that it risks flooding the bloc with cheap Chinese imports and comes as the bloc is embroiled in a dispute with Beijing over solar panel exports.
     
    It is also likely to be seized upon by political opponents, as he has put a question mark over Britain's continued membership of the 28-nation E.U. by promising Britons an in/out referendum on leaving the bloc if re-elected in 2015.
     
    “I now want to set a new long-term goal of an ambitious and comprehensive E.U.-China Free Trade Agreement,” Cameron wrote.
     
    “And as I have on the E.U.-U.S. deal, so I will put my full political weight behind such a deal which could be worth tens of billions of dollars every year,” promised Cameron.
     
    Cameron is expected to raise the subject in a meeting with Chinese Premier Li Keqiang on Monday. His office said he was the first European leader to champion such a deal in this way.
     
    He had already discussed the idea of an E.U.-China trade deal with other E.U. member states, it added. Such a deal would address services liberalization and better intellectual property rights protection.
     
    Cameron told reporters on the plane to Beijing he was aware the idea was not universally popular among E.U. member states, but said it could be a chance to tackle Beijing on intellectual property rights and trading standards.
     
    “It'll be the normal thing in the EU which will be a discussion where there will be some skeptics. There will be some enthusiasts and I think the enthusiasts have the wind in our sails,” said Cameron.
     
    Human Rights    
     
    British finance minister George Osborne opened the door to further Chinese investment in Britain during a visit to Beijing last month, during which he announced less stringent rules for Chinese banks operating in London in a push to make the British capital the main offshore hub for trading in China's currency and bonds.
     
    He also paved the way for Chinese investors to take majority stakes in future British nuclear plants.
     
    Campaigners have often accused Cameron of putting trade before human rights. On this trip, activists want him to raise what they say are rights abuses in Tibet.
     
    A senior source in his office said before the trip that Britain had turned the page on a rift with China over Tibet, adding that Cameron had no plans to once again meet the Dalai Lama, Tibet's spiritual leader-in-exile, after their meeting last year angered Beijing.
     
    Asked on the plane whether he would be raising Tibet, Cameron was non-committal, but said nothing was “off limits” in Britain's relationship with China.
     
    As permanent members of the U.N. Security Council, Cameron said the two countries would also discuss Iran and North Korea.
     
    Cameron visited a training academy for Jaguar Land Rover sales staff in Beijing on Monday to mark its official opening as the carmaker unveiled a deal worth 4.5 billion pounds to provide 100,000 cars to the National Sales Company in China.
     
    England's Premier League is also expected to announce an agreement with the Chinese Super League to develop football in China and boost the Premier League's profile.
     
    Xavier Rolet, the chief executive of the London Stock Exchange, is travelling with Cameron.
     
    The business delegation also includes Andrew Witty, the chief executive of GlaxoSmithKline. The company was drawn into a bribery case in China earlier this year which resulted in police detaining four Chinese GSK executives.
     
    Peter Humphrey, a British man running a risk advisory group, was also detained and is still being held.

    You May Like

    Leaving Scalia Replacement to 2017 Would Mean Unusually Long Vacancy

    History of high court shows Obama not in unique situation during final year of presidency

    US Fact Checkers Debunk Some Republican Presidential Candidate Claims 

    Slim evidence for several claims made by Republican presidential candidates at their last debate ahead of next Saturday's key nominating election in South Carolina

    Uganda Presidential Debate a Small Victory for Democracy

    In homes and bars across country, Ugandans were fixated on their screens as eight political candidates running for president took part in national debate

    Featured Videos

    Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
    New Technology Aims to Bring Election Transparency to Ugandai
    X
    Serginho Roosblad
    February 12, 2016 9:29 PM
    A team of recent graduates from Uganda’s Makerere University has created a mobile application designed to help monitor elections and expose possible rigging. The developers say the app, called E-Poll, will make Uganda's democratic process fairer. From Kampala, VOA's Serginho Roosblad reports.
    Video

    Video New Technology Aims to Bring Election Transparency to Uganda

    A team of recent graduates from Uganda’s Makerere University has created a mobile application designed to help monitor elections and expose possible rigging. The developers say the app, called E-Poll, will make Uganda's democratic process fairer. From Kampala, VOA's Serginho Roosblad reports.
    Video

    Video Refugees in Kenya Vie to Compete in Rio Olympics

    In Kenya, refugees from other African nations are training at a special camp and competing for a limited number of slots in this year's Rio Olympics under the flag of the International Olympic Committee (IOC). As Lenny Ruvaga reports from Ngong, this is a first in Olympic history.
    Video

    Video Gateway to Mecca: Historical Old Jeddah

    Local leader Sami Nawar's family has been in the Old City of Jeddah for hundreds of years and takes us on a tour of this ancient route to Mecca, also believed to be the final resting place of Adam's wife, Eve.
    Video

    Video Two-thirds of World Faces Water Shortage

    Four billion people — or two out of every three on the planet — do not have enough water to meet their basic needs. That is far greater than previously thought, according to a new study that presents a more accurate picture of the problem. As VOA's Rosanne Skirble reports, the findings will help policymakers and the public craft solutions to address the threat.
    Video

    Video As Refugees Perish, Greek Graveyards Fill

    Aid workers on the Greek island of Lesbos say they are struggling to bury the increasing number of bodies of refugees that have been recovered or washed up ashore in recent months.  The graveyards are all full, they say, yet as tens of thousands of people clamor to get out of Syria, it is clear refugees will still be coming in record numbers. For VOA, Hamada Elrasam reports from Lesbos, Greece.
    Video

    Video Russia Bristles at NATO Expansion in E. Europe

    Russian Foreign Minister Sergei Lavrov is meeting Friday with the head of NATO after the Western military alliance and the United States announced plans for the biggest military build-up in Europe since the Cold War. Russia has called NATO's moves a threat to stability in Europe. But NATO says the troop rotations and equipment are aimed at reassuring allies concerned about Russia as VOA's Daniel Schearf reports from Moscow.
    Video

    Video To Fight Zika, Scientists Target Mosquitoes

    Mosquitoes strike again. The Zika virus outbreak is just the latest headline-grabbing epidemic carried by these biting pests, but researchers are fighting back with new ways to control them. VOA's Steve Baragona takes a look.
    Video

    Video Mosul Refugees Talk About Life Under IS

    A top U.S. intelligence official told Congress this week that a planned Iraqi-led operation to re-take the city of Mosul from Islamic State militants is unlikely to take place this year. IS took over the city in June 2014, and for the past year and a half, Mosul residents have been held captive under its rule. VOA's Zana Omar talked to some families who managed to escape. Bronwyn Benito narrates his report.
    Video

    Video Scientists Make Progress Toward Better Diabetes Treatment, Cure

    Scientists at two of the top U.S. universities say they have made significant advances in their quest to find a more efficient treatment for diabetes and eventually a cure. According to the International Diabetes Federation, the disease affects more than 370 million people worldwide. VOA’s George Putic reports.
    Video

    Video NATO to Target Migrant Smugglers

    NATO has announced plans to send warships to the Aegean Sea to target migrant smugglers in the alliance's most direct intervention so far since a wave of people began trying to reach European shores.
    Video

    Video Used Books Get a New Life on the Streets of Lagos

    Used booksellers are importing books from abroad and selling them on the streets of Africa's largest city. What‘s popular with readers may surprise you. Chris Stein reports from Lagos.
    Video

    Video After NH Primaries All Eyes on South Carolina

    After Tuesday's primary in New Hampshire, US presidential candidates swiftly turned to the next election coming up in South Carolina. The so-called “first-in-the-South” poll may help further narrow down the field of candidates. Zlatica Hoke reports.
    Video

    Video Smartphone Helps Grow Vegetables

    One day, you may be using your smartphone to grow your vegetables. A Taipei-based company has developed a farm cube — a small, enclosed ecosystem designed to grow plants indoors. The environment inside is automatically adjusted by the cube, but it can also be controlled through an app. VOA's Deborah Block has more on the gardening system.
    Video

    Video Exhibit Turns da Vinci’s Drawings Into Real Objects

    In addition to being a successful artist, Renaissance genius Leonardo da Vinci designed many practical machines, some of which are still in use today, although in different forms. But a number of his projects were never realized — until today. VOA’s George Putic reports.

    World Currencies

    EUR
    USD
    0.8869
    JPY
    USD
    112.70
    GBP
    USD
    0.6894
    CAD
    USD
    1.3922
    INR
    USD
    68.241

    Rates may not be current.