Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Regional Trade & Investment<br />
EUROPE<br />
EU-China Trade in Service Sectors:<br />
Challenged Future<br />
Profile of service trade<br />
While overall bilateral trade had<br />
increased by nearly 45% from 2009 to<br />
2011, EU-China trade in services had<br />
remained relatively stable from 2008 to<br />
2011. See Chart 1.<br />
However, the EU exports to<br />
China in service sectors actually shrank<br />
from 23% of overall export in 2009 to<br />
18% in 2011, despite the trade balance<br />
in services increased slightly. European<br />
services companies continue to find it<br />
difficult to access the Chinese market,<br />
particularly in the areas of transportation,<br />
insurance services, royalty and<br />
licensing fees, etc. See Chart 2.<br />
The EU-China trade in services<br />
surplus keeps slight increase despite<br />
that some of the sectors are not fully<br />
open in China. Nevertheless, the potential<br />
to expand in service trade is thus<br />
By Su Dan, Jiang Peng<br />
huge, especially in the less administrated areas, such as travel, construction services,<br />
and professional services. The surplus is be expected to widen further in the coming<br />
years due to Chinese tourism booms (particularly as Chinese are keen on traveling<br />
to Italy and France) and the steadily increasing demand for foreign professional services.<br />
Chart 1 EU trade with China in services (2008 – 2011)<br />
Source: Eurostat<br />
Chart 2 EU 27 Trade balance in service with China by sector (2008 – 2010)<br />
Source: Eurostat<br />
62
Change language