European Chamber of Commerce presentation

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• published: 30 Jul 2015
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1. Wide of presentation of EU Chamber of Commerce Position Paper 2011/2012 taking place in Beijing 2. Mid of President of EU Chamber of Commerce in China, Davide Cucino, giving presentation 3. Cutaway of media 4. Mid of President of EU Chamber of Commerce in China, Davide Cucino giving presentation 5. Set up of Cucino 6. SOUNDBITE (English) Davide Cucino, President of EU Chamber of Commerce in China: "There is of course at national level a certain degree of commitment, when you come up to the implementation at local level you have some other criteria or some other elements to take into consideration. So what we are pushing now is to try to see whether we can move from a national theoretical improvement policy to the implementation at local level." 7. Cutaway of slide show of the EU Chamber of Commerce Position Paper featuring photo of Chinese Premier Wen Jiabao 8. SOUNDBITE (English) Davide Cucino, President of EU Chamber of Commerce in China,: "So, one (problem) is market access and the barriers that still many industries are facing in doing business in China, especially as far as ownership is concerned in many domains and many sectors we are not having the possibility to own more than 50 percent of companies." 9. Cutaway of slide show of the EU Chamber of Commerce Position Paper 10. Wide of presentation STORYLINE The European Union Chamber of Commerce in China on Thursday presented a paper on what it sees are the main challenges and obstacles for European companies doing business in China. According to the report, China is imposing new obstacles to access to its markets, including sweeping national security rules and breaking promises to treat companies equally. The European group cited restrictions including a proposed limit of 50 percent foreign ownership in certain sectors. They also said Beijing had made little progress regarding long-standing complaints about market barriers in construction, banking and other fields. Davide Cucino, President of the EU Chamber of Commerce, which represents 1,600 companies from the 27-nation European Union said that one of the main problems is that "many sectors are not having the possibility to own more than 50 percent of companies" referring to foreign investment in companies in China. The European Union is at the moment China''s biggest trading partner. Chinese leaders including Premier Wen Jiabao, the country''s top economic official, have promised to treat foreign companies equally. But business groups say Beijing has yet to take action on major problem areas and in some cases is imposing new restrictions on access to the world''s second-biggest economy. According to Cucino, some of the promises to European companies remain on a "theoretical level" but are not yet being implemented. Other governments are looking to China''s economy, which is forecast to expand by more than 9 percent this year, to help drive global growth as the United States, Japan and European economies barely grow at all. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/4ced27e458539fc986aa9d0099aa1bbe Find out more about AP Archive: http://www.aparchive.com/HowWeWork