Macron’s China Visit Underscores Economic Tensions

Macron’s China Visit Underscores Economic Tensions
French President Emmanuel Macron delivers a speech during the Global forum on Artificial Intelligence (AI) for Humanity (GFAIH) at the Institut de France in Paris on Oct. 30, 2019. Macron is visiting China amid a push for Beijing to open its markets, despite festering trade disputes and weakened consumer spending. Ludovic Marin/Pool via AP
The Associated Press
Updated:

BEIJING—With major economies locked in disputes over trade, France’s president started a visit to China by announcing that the EU had struck a deal with the country to better protect agricultural products such as wine and cheese from counterfeiting.

Emmanuel Macron’s visit is timed to ease some of the tensions that are stifling global commerce, with the European Union asking China to open its markets further and the United States and China in a bitter fight over tariffs.

Macron arrived late on Nov. 4 in Shanghai, where he visited a sprawling import fair before traveling to Beijing for a state visit on Wednesday.

Speaking at the International Import Expo in Shanghai, Macron said that the EU and China had reached an agreement for the mutual protection of food and alcohol products, to be formally signed Wednesday.

“It’s a step forward in this relationship and it’s very important,” Macron said, alongside Phil Hogan, the EU agriculture commissioner.

Macron’s office said the deal will provide the legal basis to fight counterfeiting of about 100 European and 100 Chinese agricultural products whose quality and characteristics are linked to their geographical origin.

Amid 26 protected French products are Champagne, wines including those from the Bordeaux and Burgundy regions, Cognac liquor and cheeses like Roquefort.

Wine bottles are seen in a wine shop in Paris on Oct. 3, 2019. Speaking at China International Import Expo, French President Emmanuel Macron announced an agreement between the European Union and China about the mutual protection of food and alcohol products, to be formally signed on Nov. 6. (Kamil Zihnioglu/AP)
Wine bottles are seen in a wine shop in Paris on Oct. 3, 2019. Speaking at China International Import Expo, French President Emmanuel Macron announced an agreement between the European Union and China about the mutual protection of food and alcohol products, to be formally signed on Nov. 6. Kamil Zihnioglu/AP

Macron’s trip comes as France and its European partners are demanding China make good on commitments to boost imports of agricultural products and manufactured goods while opening its market for financial products and other services.

France and the EU have joined the United States in complaints over Chinese trade practices they consider unfair.

Macron said his priority was to discuss cooperation on the economy, technology and climate—“three decisive issues.”

He pushed for the completion by next year of an investment agreement that is currently under discussion between the EU and China.

Meanwhile, China is grappling with slumping demand that has kept economic growth to just 6 percent in the latest quarter, the lowest level in almost 30 years.

During a visit by Chinese leader Xi Jinping to France in March, China signed an agreement to buy 300 aircraft from European plane maker Airbus for an estimated $18 billion at list prices. Macron called that an “excellent signal” that shows the strength and reliability of the relations between the two countries.

In all, 15 business deals on energy, the food industry, transport and other sectors were signed during the visit, in addition to other bilateral agreements.

Macron also arranged for German Chancellor Angela Merkel and European Commission President Jean-Claude Juncker to meet with Xi during his Paris visit, underscoring France’s push for a united European front in trade talks with China.

By Joe McDonald and Sylvie Corbet