Asia and the EU

Latest news about Asia and the European Union

Asia and the EU

Seoul recognises first damages after EU trade pact — 23 August 2012, 22:43 CET

South Korea has for the first time recognised damages arising from its free trade agreement with the European Union which took effect last year, officials said on Thursday.

EU group slams protectionism in China wine row — 22 August 2012, 12:58 CET

A European business group on Wednesday criticised Chinese calls to probe EU wine imports as "protectionist", as a dispute between the major trading partners threatened to escalate.

Japan Tobacco says facing EU probe over Syria — 22 August 2012, 23:27 CET

Japan Tobacco says it is being probed by the European Union after a report it broke sanctions by shipping cigarettes to a firm linked to the Syrian regime, but denies any wrongdoing.

China sees red over Europe wine imports — 20 August 2012, 22:39 CET

A Chinese industry group has asked the government to probe European wine imports, claiming EU subsidies are harming domestic producers, state media said Monday.

Brussels launches campaign against counterfeit toys — 02 August 2012, 12:21 CET

The European Commission launched a new campaign Wednesday against counterfeit toys, which are mostly made in China and can pose health risks to children.

Beijing denies solar panel dumping amid EU row — 29 July 2012, 23:35 CET

Beijing on Friday denied accusations of solar panel dumping, saying it hoped Chinese and EU manufacturers could negotiate an end to a dispute that threatens a trade war.

Oil up in Asia on Draghi pledges support for euro — 27 July 2012, 11:33 CET

World oil prices rose in Asian trade Friday after European Central Bank president Mario Draghi pledged to "do whatever it takes to preserve the euro".

Chinese and EU solar makers at war over dumping — 27 July 2012, 11:35 CET

A host of EU solar makers have called on the Commission to probe alleged dumping practices by its Chinese rivals, as Beijing warns an investigation could trigger a trade war.

Chinese solar makers warn of 'trade war' with EU — 26 July 2012, 23:05 CET

Four leading solar cell manufacturers in China on Thursday warned a possible EU anti-dumping investigation could trigger a "trade war" and urged Beijing to step in to protect their interests.

EU should scrap airline emissions tax: IATA — 25 July 2012, 15:30 CET

The European Union should scrap the controversial carbon tax on air travel and seek a global solution to the emissions problem, the global aviation industry's chief said on Wednesday.

France slams 'unfair competition' by Korean carmakers — 25 July 2012, 13:48 CET

France's industry minister on Wednesday slammed what he called "acts of unfair competition" by car makers from South Korea, who have boosted their market share in Europe following a 2010 free trade deal.

European Bank for Reconstruction and Development — 25 July 2012, 12:22 CET

Since its establishment in 1991, the European Bank for Reconstruction and Development has become the largest financial investor in its region of operations which stretches from central Europe and the Western Balkans to central Asia. With the ability and willingness to bear risk on behalf of its clients, the EBRD helps their countries in the region to become open, market economies. The EBRD is owned by 63 countries, the European Union and the European Investment Bank. It provides project financing for banks, industries and businesses, both new ventures and investments in existing companies. It also works with publicly owned companies.

Siemens wins EUR 400m contract in South Korea — 25 July 2012, 12:23 CET

German engineering giant Siemens has won a contract worth some 400 million euros to build three power plants in energy-hungry South Korea.

France to request surveillance of EU-Korea free trade deal — 25 July 2012, 12:22 CET

France is to ask the European Union to put its Free Trade Agreement with South Korea under surveillance as part of a recovery plan for its auto sector, according to elements of the plan obtained by AFP.

Brussels calls for EU-Japan free trade negotiations — 18 July 2012, 17:59 CET

The European Commission on Wednesday called for the launch of talks to ink a mega free trade deal between the European Union and Japan, which together account for more than a third of world output.

China criticises EU trade 'discrimination' — 12 July 2012, 12:23 CET

China on Thursday criticised Europe's refusal to ease two long-time trade restrictions as "discrimination", following a high-level meeting between the two sides this week.

China voices support for eurozone — 10 July 2012, 12:11 CET

China says it believe Europe can resolve its debt crisis, as the two sides hold a high-level meeting in Beijing that also covered thorny issues such as Syria, Iran and human rights.

Ashton heads for EU-China talks in Beijing — 08 July 2012, 13:17 CET

EU foreign policy chief Catherine Ashton left Sunday for Beijing where she will hold talks on foreign affairs and security issues on the first leg of a five-day Asian tour.

Ashton to attend EU-China Dialogue in Beijing — 07 July 2012, 14:27 CET

European Union foreign policy chief Catherine Ashton will visit Beijing on Monday and Tuesday for talks aimed at boosting coordination on foreign affairs and security, a European diplomatic source said.

Oil prices rocket on EU summit deal — 29 June 2012, 17:08 CET

World oil prices soared on Friday with traders lauding a $150-billion growth pact pushed through by the European Union after Italy and Spain lifted their opposition to it.

China defends limits on rare earths exports — 28 June 2012, 11:12 CET

China has defended its limits on exports of rare earths, after major trading partners sought litigation through the World Trade Organization in a months-long dispute.

China welcomes Spanish bank bailout — 11 June 2012, 11:02 CET

China, a major holder of European debt, on Monday welcomed a eurozone decision to lend Spain up to 100 billion euros ($125 billion) to save its banks, saying it would help lift confidence.

China's rising costs deter European business: survey — 29 May 2012, 11:51 CET

One in five European companies operating in China may invest elsewhere in the future as wages are getting too high and regulations too cumbersome, according to a poll released Tuesday.

EU issues warning to carbon tax rebels China, India — 15 May 2012, 15:53 CET

The European Union on Tuesday gave China and India a month to comply with a new airline carbon emissions fee coming into effect across the bloc, or face penalties for flights in and out of Europe.

RAPEX in 2011 - guide — 08 May 2012, 14:03 CET

EU consumers want to be sure that the products - whether produced in the EU or imported from third-countries - are safe. The RAPEX 2011 Report shows that the EU's rapid alert system for non-food dangerous products ("RAPEX") is increasingly effective. Dangerous products are detected earlier and more effectively and are more promptly removed from the EU market. This process involves a chain of actions including upstream efforts to design out risks at source, better risk assessment and close co-operation between EU authorities, notably customs, to identify risks at the points of entry.