In 2003, China and the EU became each others’ 2 nd largest trading partners and whereas the EU enjoyed a trade surplus with China at the beginning of the 1980s, EU-China trade relations are now marked by a large and growing EU deficit with China – reaching €78 billion in 2004 (see Annex I, trade statistics).
In 2003, China and the EU became each others’ 2 nd largest trading partners and whereas the EU enjoyed a trade surplus with China at the beginning of the 1980s, EU-China trade relations are now marked by a large and growing EU deficit with China – reaching €78 billion in 2004 (see Annex I, trade statistics).