Macron and Scholz Call for Re-balancing China Trade

Chancellor Scholz will have to balance encouraging words on economic cooperation with the EU's strident message accusing China of unfair subsidies © JOHN THYS / AFP/File
Chancellor Scholz will have to balance encouraging words on economic cooperation with the EU's strident message accusing China of unfair subsidies © JOHN THYS / AFP/File
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Macron and Scholz Call for Re-balancing China Trade

Chancellor Scholz will have to balance encouraging words on economic cooperation with the EU's strident message accusing China of unfair subsidies © JOHN THYS / AFP/File
Chancellor Scholz will have to balance encouraging words on economic cooperation with the EU's strident message accusing China of unfair subsidies © JOHN THYS / AFP/File

French President Emmanuel Macron and German Chancellor Olaf Scholz called on Friday for a "re-balancing" of trade relations between Europe and China on the eve of the German leader visiting Beijing.

In a video call between the two European leaders, they also discussed the impact of the war in Ukraine on European security, officials in Macron's office said.

Scholz travels to China this weekend for a delicate three-day trip at a time when the West is sharpening its tone towards Beijing, both about its trade practices and its closeness to Moscow, AFP reported.

The European Union has accused China of inundating Europe with subsidised goods sold at below-market prices.

The European Commission on Tuesday opened a probe into Chinese wind turbine suppliers, following investigations into state aid for solar panels, electric cars and trains.

In their call, Macron and Scholz also underlined the need to "spur European competitivity", notably by deepening pan-European capital markets, a project that would require harmonising financial rules across the bloc, but which has been held up by disagreements between Paris and Berlin.

The two also reaffirmed their "unwavering and long-term support for Ukraine" and "discussed European initiatives to provide military support for Ukraine," Macron's office said.

The French president has been expected to visit Ukraine for several weeks, but he has said he will only make the trip when he has something concrete to bring.

Macron and Scholz will meet face-to-face at a joint French-German cabinet meeting May 28 in Meseberg, near Berlin, which will coincide with a state visit to Germany by the French president.



Exports from Libya's Hariga Oil Port Stop as Crude Supply Dries Up, Say Engineers

A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)
A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)
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Exports from Libya's Hariga Oil Port Stop as Crude Supply Dries Up, Say Engineers

A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)
A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)

The Libyan oil export port of Hariga has stopped operating due to insufficient crude supplies, two engineers at the terminal told Reuters on Saturday, as a standoff between rival political factions shuts most of the country's oilfields.

This week's flare-up in a dispute over control of the central bank threatens a new bout of instability in the North African country, a major oil producer that is split between eastern and western factions.

The eastern-based administration, which controls oilfields that account for almost all the country's production, are demanding western authorities back down over the replacement of the central bank governor - a key position in a state where control over oil revenue is the biggest prize for all factions.

Exports from Hariga stopped following the near-total shutdown of the Sarir oilfield, the port's main supplier, the engineers said.

Sarir normally produces about 209,000 barrels per day (bpd). Libya pumped about 1.18 million bpd in July in total.

Libya's National Oil Corporation NOC, which controls the country's oil resources, said on Friday the recent oilfield closures have caused the loss of approximately 63% of total oil production.