German Chancellor Angela Merkel on Friday prodded China to ease access to its markets, as the world's top two exporting nations signed a series of deals reportedly worth several billion dollars. After meeting Premier Wen Jiabao and overseeing the signing of the agreements covering trade, energy and culture, Merkel said she had emphasised German wishes for greater openness in the world's third-largest economy.
"Chinese companies, like those of many other countries, enjoy very good access to the German market. We hope that German enterprises can enjoy the same access to the Chinese market," she told reporters.
Trade between the export powerhouses has grown rapidly - to 91 billion dollars last year, up from 41 billion dollars in 2001, according to Chinese data. However, in the past few years, the trade balance has tipped decisively in China's favour, with Chinese exports to Germany totalling 55 billion dollars last year, while trade in the other direction amounted to 36 billion dollars. China overtook Germany last year to become the world's top exporter, with some 1.2 trillion dollars in merchandise exported, according to World Trade Organisation figures.
Germany exported 1.12 trillion dollars of goods in 2009. Merkel also said China still had not satisfied all the requirements for attaining market economy status in the eyes of Europe, a designation expected to lessen the occurrence of trade actions being taken against China.
However, Merkel described her talks with Wen as "friendly", while both sides they would work for an even closer trade relationship. Among the agreements signed was one between Shanghai Electric Group of China and Siemens AG for the creation of a service joint venture for the steam and gas turbine power plant market. China's official Xinhua news agency said the deal involved 3.5 billion dollars. Siemens disputed the figure, but did not give another one.
Foton Motor of China and Daimler-Benz AG also signed an agreement for a 50-50 joint venture to produce heavy trucks in China for the domestic and foreign markets. Trucks under Foton's Auman brand will be produced using Daimler technology in diesel engines and exhaust systems, allowing the vehicles to meet strict European standards, a statement said, without giving financial details. Xinhua put the value of that deal at 938 million dollars. China and Germany also signed a pact to create a 124-million-euro (160.2-million-dollar) 'green' fund to encourage emissions reductions and corporate energy-saving, Xinhua reported.
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