China, EU reach 'win-win' deal on textiles
By Jiang Wei and Qin Jize (China Daily)
Updated: 2005-09-06 06:17

"China is striving to improve its service industry and EU companies enjoy an advantage in this sector," he said.

The two sides should also boost the growth of bilateral investment, technology co-operation, as well as co-ordination in pushing forward the Doha Development Agenda, he added.

Wen predicted that trade between China and the EU is likely to grow to US$200 billion this year, as the figure for the first half of this year has already exceeded US$100 billion.

Two-way trade between China and the European economic block was only US$2.4 billion at the beginning of the diplomatic relationship in the 1970s. The volume was US$177 billion last year. "The EU-China relationship has entered into maturity," Wen said.

Wen was echoed by the British Prime Minister Tony Blair, who emphasized that it was important to solve the disputes and keep the trade increasing.

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