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Spain and France Back UK Return, Tougher China Trade Defences

Spain and France Back UK Return, Tougher China Trade Defences
Spain, France align on welcoming UK back to EU, strengthening China trade defences · theprint.in

Spain and France said they would welcome Britain returning to the European Union.

French President Emmanuel Macron called the idea very good.

The two leaders also said European countries should work together more strongly when trading with China.

They are concerned that some Chinese companies may compete unfairly with European businesses.

They want Chinese investors to make commitments about sharing technology in important industries, including cars.

Spain and France also want the European Union to be more flexible about its budget.

They worry that large budget cuts could reduce help for farmers and increase inequality.

The leaders made these comments during Macron’s state visit to Spain.

Key facts

Main participants
Pedro Sanchez and Emmanuel Macron
UK proposal
Andy Burnham floated the prospect of Britain rejoining the EU
Trade concern
European leaders want stronger defences against Chinese competition
Strategic industry
Automobiles
Investor commitments
Technology-transfer commitments from Chinese investors
Budget issue
Spain and France seek more flexibility and additional EU resources
Potential impact of cuts
Reduced funding for farmers and greater inequality

Quotes

Emmanuel Macron

President of France

“On both sides of the Pyrenees we have actors who need to be protected when they suffer unfair competition…if we are not united as Europeans, we have no possibility of success.”
theprint.in

Sources

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