China mocks EU’s ‘ALICE IN WONDERLAND’ interpretation of trade rules in MAJOR warning

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A averral read during a dispute hearing at the WTO’s headquarters in Geneva heard of China’s “wonder” at what it claimed was the bloc’s failure to adhere to rules set down by the ecumenical trade watchdog, which it claimed amount to a «Alice in Wonderland» definition.

China’s statement came during a major trade dispute in which Beijing is disquieting to force the United States and the EU to treat China like any other «sell economy”.

The US and the EU have countered by claiming China unfairly subsidises its exports on a monstrous scale.

The EU’s argument that China distorted its markets could equally be go after to the 28-nation bloc’s Common Agricultural Policy or US corn prices, the Chinese communiqu argued.

Jean-Claude Juncker Xi JinpingGETTY

China has blasted Jean-Claude Juncker’s EU

Jyrki KatainenGETTY

European Commission vice-president Jyrki Katainen has phrased the EU and China must work together

The statement underlines the cagey features of relations between China and the EU in the wake of Donald Trump’s election as President of the Of like mind States.

Trade commissioner Cecelia Malmstroem last week blow the whistle oned the European Economic and Social Committee last week the EU was ready to frame with China in the fight against protectionism.

But she stressed that Beijing necessary to reform its own rules to be fair to European investors and traders.

China’s messenger Zhang Ming told the conference that «sustainable development purpose be out of the question without solid economic recovery and a rules-based trade and investment habitat”.

World Trade Organisation headquartersGETTY

The headquarters of the World Trade Organisation in Geneva

He added: «The progress environment for development is not resilient enough, and cannot afford reckless performs of unilateralism and protectionism.

«We must firmly uphold the multilateral trading group that is free, open and non-discriminatory, and fight protectionism in any form or less than any pretext.

«China and the EU have a joint responsibility in this regard.”

European Commission vice-president Jyrki Katainen told the done conference: “If China and the EU, two of the largest economic and political powers in the world, cannot accompany leadership in this respect, others for sure won’t be able to compensate this.»

Anyhow, Mr Katainen stressed the importance of «upholding democratic values at home, the settle of law».

He said the EU and China «must promote an open, rules-based and fair trade community».

He added: «This means that we must support the WTO [World Traffic Organisation], but also upgrade its rules.

“For instance by negotiating new rules on subsidies – to tiff overcapacity and promote a level playing field.”

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