Szijjártó: EU must not turn into anti-China bloc
The Hungarian government wants to avoid the European Union becoming an anti-China bloc, and instead of systemic rivalry, it should strive for strategic cooperation, Minister of Foreign Affairs and Trade Péter Szijjártó said in Stockholm on Friday.
Szijjártó: EU must not turn into anti-China bloc
Geurasia

Szijjártó: EU must not turn into anti-China bloc

Photo: Facebook/Péter Szijjártó
Mariann Őry 12/05/2023 20:34

The Hungarian government wants to avoid the European Union becoming an anti-China bloc, and instead of systemic rivalry, it should strive for strategic cooperation, Minister of Foreign Affairs and Trade Péter Szijjártó said in Stockholm on Friday.

During a break in an informal meeting of EU foreign ministers, the minister said that the economies of the two sides are very closely linked, with bilateral trade worth €860 billion last year, 46 per cent of which was accounted for by Germany, France and Italy.

Central European countries are not the big traders with China here but the biggest Western European countries, he pointed out.

Szijjártó stressed that China's GDP is already higher than that of the EU. He said that in 2010, China's share of world GDP was only 9 per cent, compared with 22 per cent for the EU, but that the situation has now reversed, with China's share now 18 per cent and the EU's 17 per cent.
Photo: Facebook/Péter Szijjártó
However, he said that it was futile for Western European countries to call for the decoupling of Chinese and European economies, as there was a clear division of labour between East and West in the automotive sector, which is crucial to the continent's economic future.

He underlined that Western companies make the electric cars and Eastern companies make the batteries, and neither can do without the other.

We propose that politics should not interfere in this. Let this rational division of labour based on sound economic principles work so that the European Economic Area and China can benefit from it to the right extent, he said.

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