José Manuel Durão Barroso
President of the European Commission
Speech by President Barroso at the EU China Business
EU-China Business
Premier Wen,
President Van Rompuy,
Prime Minister Leterme,
Commissioner,
Ministers,
Excellencies,
Ladies and Gentlemen,
First of all let me thank you for the invitation. It is a very impressive gathering of business leaders from Europe and
Both
The reality is that the economic outlook in the European Union is better today than one or two years ago, but uncertainties and risks remain, also at global level. To consolidate our progress to date, it is now vital for
Through our Europe 2020 Strategy, we are front-loading growth-enhancing structural reforms to guide our economies towards new sources of growth and social cohesion.
Today I would like to focus on innovation and also at the end make some comments regarding the current state of our dialogue with
Innovation, I want to underline it because it is the cornerstone of our Europe 2020 Strategy and it is also very important in relationship with our Chinese partners. Innovation is the key for the sort of growth that we need and we want in
Today the European Commission adopted the Innovation Union flagship proposal that is to deliver a real change on how and how much we innovate in
Also because innovation is something that binds
This not only brings huge commercial opportunities but also great potential for mutually beneficial cooperation. However, to make this work, openness is required. The European Union's economy is very open and we welcome more Chinese investment. At the same time there is a general feeling that economic openness in
I appreciate Premier Wen's commitment on the Chinese government remaining focused on an open and welcoming business climate. I would like to be very clear on this point. No one, certainly not the European business people are asking for a preferential treatment. I am convinced that finding the right level playing field, with clarity, with stability, with predictability, will continue to be key for the benefit of all, entrepreneurs and citizens alike.
I very much trust that we can move forward, with creativity and in a balanced way which benefits business across Europe and
I am impressed by
Innovation could and should indeed be a tool for the benefit of all, avoiding any situation whereby one country's innovation takes place at the expense of another. The more so as our European market is open and
I am pleased with the progress to go ahead with our Intellectual Property Rights Task Force focussing on patents and their effective enforcement. And I welcome our understanding from Premier Wen's assurances that the Indigenous Innovation Scheme will not lead to discrimination against foreign or China/EU joint venture companies, but we wish to see real progress on the ground. We are therefore looking forward to seeing these positive statements being followed by effective action.
Ladies and gentlemen, we will immediately after this meeting start our 13th
I think we should intensify discussions on ways to promote bilateral trade and investment, also removing trade barriers and ensuring a business climate conducive to the further development of trade and investment relations.
I think we should also develop more constructive efforts to put in place sound fiscal policies that would guarantee the sustainability of public finances while being growth friendly inter alia to intensify structural adjustments in order to make growth more sustainable and balanced as well as to allow for flexible responses to the evolution of the economic fundamentals.
In this regard I would like to tell you that we really welcome the fact that yesterday and the day before yesterday there were here in
I am sure that a stronger European economy is in
Thank you for your attention.