The EU lawmakers were opposed to recognizing China's MES as set out in global trade rules during a non-legislative resolution on Thursday, Xinhua news reported.
“China joined the World Trade Organization (WTO) in 2001. Under the country's accession protocol, China will automatically transition to market economy status for Europe by Dec. 11, 2016.”
“It could threaten the positive outcome of the ongoing negotiations for the bilateral investment treaty and the potentiality to conclude a FTA between China and the EU — which according to Commission estimates could raise European prosperity by 250 billion euros,” the president said.
“Moreover China is the first, and only, non-EU country which has so far generously committed to invest in the Juncker Plan,” he stressed. Closing the door to China may thus have "very negative" effect, the agency reported.
He further stressed that, “With China, what needed is more dialogue, not less. We need to find win-win solutions rather than start a new fight. Today the key word is cooperation,” he told Xinhua.
Earlier this year, Chinese Foreign Ministry spokesman Hong Lei urged the EU to obey the WTO rules and stop its unfair treatment towards China.