From the Associated Press via the Los Angeles Times (link)
European Union trade chief Peter Mandelson announced Thursday he will launch a review of trade ties with China this year, saying Europe needs a new strategy to handle the EU’s “biggest” trade policy challenge in the years ahead.
“Europe must get China right — as a threat, an opportunity and prospective partner,” Mandelson said in a speech delivered in the northeastern Swiss town of Ermatingen, according to the draft provided by his office.
Mandelson said in the wake of increasing trade spats with Beijing over issues such as textiles, shoes and piracy, “we must examine … our political and economic ties with China.”
