Accurate China Insight: Preparing for Marriage – Ireland to use EU Presidency to lay groundwork for negotiating landmark EU-China Free Trade Agreement?

…..Or at least that’s what reading between the lines would appear to reveal as being the over-riding objective. Today in an address to the European Parliament’s International Trade Committee Richard Bruton TD, Ireland’s Minister of Jobs, Enterprise and Innovation,  stated:

“..It was evident at the last Summit that there is considerable richness and potential in our relationship with China. We would like to prepare the ground for the next summit so that the conditions would be ripe to launch negotiations for a landmark investment agreement with market access..”

[Source / read more: http://www.4-traders.com/news/Department-of-Jobs-Enterprise-and-Innovation-of-I-Opening-Remarks-by-Minister-Richard-Bruton-TD–15961031/]

The paragraph immediately preceding this statement refers to FTA [Free Trade Agreement] negotiations with Japan and India, while further down in his speech the Minister speaks of FTAs with individual ASEAN members. 

While the specific language used in relation to China talks about “…a landmark investment agreement with market access..”, given the overall context in which the speech was made, the implication is clear – an FTA between the EU (European Union), China’s largest trading partner, and China is the ultimate goal. Such an objective marks a hugely significant turning point in the development of the EU’s China engagement strategy: Marriage is on the cards.

The visit to Ireland in February 2012 by paramount leader General Secretary Xi Jinping, which was hastily followed up by Irish Prime Minister, Taoiseach Enda Kenny‘s return trip to Beijing the following month, not only demonstrates that China, the EU’s second largest trading partner, would make for an eager marriage companion, but it also signifies China backing for Ireland’s unilateral embracement of the role of EUChina marriage maker as a key feature of its Presidency of the Council of the European Union.

Given Minister Bruton’s speech to European Parliament’s International Trade Committee, the acknowledgement by General Secretary Xi Jinping at his March 2012 reunion with Taoiseach Enda Kenny in Beijing that …

“… The development of China-Ireland relations can serve as a driving force in boosting China-Europe ties..”

[Source / read more: http://www.irishtimes.com/newspaper/breaking/2012/0326/breaking59.html]

…would appear to be prophetic indeed.

Going forward, Ireland’s eager and unilateral adoption of the role of ‘marriage maker’ would seem to indicate a future political relationship with Beijing deriving far more economic benefit to the country than its trading relationship.

Meanwhile, as mentioned in the Accurate China Insight dated 21 November 2013 http://www.accuratelimited.com/blog.view.php?id=ITvZZdNpXFs= all augurs well for Chinese President-designate Xi Jinping‘s return to Ireland in June 2013.

As noted in the Accurate China Insight dated 20th November :

“…Ireland’s Presidency of the Council of The European Union provides a fantastic opportunity for Ireland to yet again punch above its weight in the eyes of China’s leaders and media……. Moreover, EU-China -related summits in Ireland will provide Europeans with their first real chance to measure the mind-set of China‘s new leadership towards its biggest trading partner…”

[Source / read more: http://www.accuratelimited.com/blog.view.php?id=+8G9kXqGg28=]

Accurate China Insight: Ireland to use EU Presidency to lay groundwork for negotiating landmark EU-China Free Trade Agreement?

From engagement to marriage: Ireland takes on the role of EU-China marriage maker

Sources: Accurate China Business Services:  http://www.accuratelimited.com/blog.view.php?id=dOanRm3VH+U=

https://nialljoreilly.wordpress.com/2011/10/14/should-the-ireland-propose-a-free-trade-agreement-with-china/

Niall O’Reilly

Managing Director, Accurate Group – Ireland China Product & Business Development (Export Sourcing Import) Consultancy

Accurate China Insight (1) http://www.accuratelimited.com/blog.php  

Accurate China Insight (2)  

Tel:  Dublin, Ireland +353 1271 1830 /  Hangzhou, China +86 152 5719 4468   

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