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

    Video Rubio Looks to Surge in New Hampshire

    Republican presidential candidate has moved into second place in several recent surveys and appears to be gaining ground on longtime frontrunner Donald Trump

    UN Calls for Global Ban on Female Genital Mutilation

    Recent UNICEF report finds at least 200 million girls and women alive today have undergone female genital mutilation in 30 countries

    UN Pilots New Peace Approach in CAR

    Approach launched in northern town of Kaga Bandoro, where former combatants of mainly Muslim Seleka armed group and Christian and animist anti-Balaka movement are being paid to do community work

    Featured Videos

    Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
    German Artists to Memorialize Refugees With Life Jacket Exhibiti
    X
    Hamada Elsaram
    February 05, 2016 4:30 PM
    Sold in every kind of shop in some Turkish port towns, life jackets have become a symbol of the refugee crisis that brought a million people to Europe in 2015.  On the shores of Lesbos, Greece, German artists collect discarded life jackets as they prepare an art installation they plan to display in Germany.  For VOA, Hamada Elrasam has this report from Lesbos, Greece.
    Video

    Video German Artists to Memorialize Refugees With Life Jacket Exhibit

    Sold in every kind of shop in some Turkish port towns, life jackets have become a symbol of the refugee crisis that brought a million people to Europe in 2015.  On the shores of Lesbos, Greece, German artists collect discarded life jackets as they prepare an art installation they plan to display in Germany.  For VOA, Hamada Elrasam has this report from Lesbos, Greece.
    Video

    Video E-readers Help Ease Africa's Book Shortage

    Millions of people in Africa can't read, and there's a chronic shortage of books. A non-profit organization called Worldreader is trying to help change all that one e-reader at a time. VOA’s Deborah Block tells us about a girls' school in Nairobi, Kenya where Worldreader is making a difference.
    Video

    Video Genius Lets World Share Its Knowledge

    Inspired by crowdsourcing companies like Wikipedia, Genius allows anyone to edit anything on the web, using its web annotation tool
    Video

    Video Former Drug CEO Martin Shkreli Angers US Lawmakers

    A former U.S. pharmaceutical business executive has angered lawmakers by refusing to explain why he raised the price of a life-saving pill by 5,000 percent. Martin Shkreli was removed from a congressional hearing on Thursday after citing his Fifth Amendment right to stay silent. Zlatica Hoke has more.
    Video

    Video Super Bowl TV Commercials are Super Business for Advertisers

    The Super Bowl, the championship clash between the two top teams in American Football, is the most-watched sporting event of the year, and advertisers are lining up and paying big bucks to get their commercials on the air. In fact, the TV commercials during the Super Bowl have become one of the most anticipated and popular features of the event. VOA's Brian Allen has a sneak peek of what you can expect to see when the big game goes to commercial break, and the real entertainment begins.
    Video

    Video In Philippines, Mixed Feelings About Greater US Military Presence

    In the Philippines, some who will be directly affected by a recent Supreme Court decision clearing the way for more United States troop visits are having mixed reactions.  The increased rotations come at a time when the Philippines is trying to build up its military in the face of growing maritime assertiveness from China.  From Bahile, Palawan on the coast of the South China Sea, Simone Orendain has this story.
    Video

    Video Microcephaly's Connection to Zika: Guilty Until Proven Innocent

    The Zika virus rarely causes problems for the people who get it, but it seems to be having a devastating impact on babies whose mothers are infected with Zika. VOA's Carol Pearson has more.
    Video

    Video Solar Innovation Provides Cheap, Clean Energy to Kenya Residents

    In Kenya, a company called M-Kopa Solar is providing clean energy to more than 300,000 homes across East Africa by allowing customers to "pay-as-you-go" via their cell phones. As Lenny Ruvaga reports from Kangemi, customers pay a small deposit for a solar unit and then pay less than a dollar a day to get clean energy to light up their homes or businesses.
    Video

    Video Stunning Artworks Attract Record Crowds, Thanks to Social Media

    A new exhibit at the oldest art museum in America is shattering attendance records. Thousands of visitors are lining up to see nine giant works of art that have gotten a much-deserved shot of viral marketing. The 150-year-old Smithsonian American Art Museum has never had a response quite like this. VOA's Julie Taboh reports.
    Video

    Video Apprenticeships Put Americans on Path Back to Work

    Trying to get more people into the U.S. workforce, the Obama administration last year announced $175 million in grants towards apprenticeship programs. VOA White House correspondent Aru Pande went inside one training center outside of Washington that has gained national recognition for helping put people on the path to employment.
    Video

    Video New Material May Reduce Concussion Effects

    As the 2016 National Football League season reaches its summit at the Super Bowl this coming Sunday (2/7), scientists are trying to learn how to more effectively protect football players from dangerous and damaging concussions. Researchers at Cardiff and Cambridge Universities say their origami-based material may solve the problem. VOA’s George Putic reports.
    Video

    Video Saudi Arabian Women's Sports Chip Away at Stereotypes

    Saudi Arabian female athletes say that sports are on the front line of busting traditions that quash women’s voices, both locally and internationally. In their hometown of Jeddah, a group of basketball players say that by connecting sports to health issues, they are encouraging women and girls to get out of their homes and participate in public life. VOA’s Heather Murdock reports.
    Video

    Video A Year Later, Fortunes Mixed for Syrians Forging New Lives in Berlin

    In April of last year, VOA followed the progress of six young Syrian refugees -- four brothers and their two friends -- as they made their way from Libya to Italy by boat, and eventually to Germany. Reporter Henry Ridgwell caught up with the refugees again in Berlin, as they struggle to forge new lives amid the turmoil of Europe's refugee crisis.
    Video

    Video Zika Virus May be Hard to Stop

    With the Zika virus spreading rapidly, the World Health Organization Monday declared Zika a global health emergency. As Alberto Pimienta reports, for many governments and experts, the worst is yet to come.

    World Currencies

    EUR
    USD
    0.8926
    JPY
    USD
    116.68
    GBP
    USD
    0.6871
    CAD
    USD
    1.3751
    INR
    USD
    67.653

    Rates may not be current.