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Another Interesting Fact To Note Is That Export And Import Volumes Have ...

Another interesting fact to note is that export and import volumes have always been on the rise between these two countries over the years.
Considering the fact that the UK has traded with India for many years and has done the same with China, the trade relationship between the EU and China is significant. In fact, it can be asserted that there are more similarities in trade relationships of the EU and China, and the UK and China. There apparently is not as much of a similarity existing when it comes to India. It appears that the UK and India trade relationship overshadows the European Union's interaction with India.
The China and European Union trade relationship:
The three stages through which the China and European Union trade relationship has gone through is as follows:
Western ostracism/Chinese self-sufficiency, 1949-1959;
Increasing bilateral trade development/low conflict levels, 1960-1988; and
EU-level trade policy/explosive trade growth/increasing trade conflict, 1989-present
The first stage is the stage within which sanctions were imposed on China because of the Communist takeover. The sanctions were first imposed by the United States of America, and then were followed by the European countries. The trade volume during this period is almost not worth considering, and whatever trade did take place before these sanctions could be considered as a starting point in the trade relationship. Having sanctions imposed could in a manner of speaking mean that there was a relationship between Europe and China. Otherwise there would be no need for sanctions.
The following stage in the trade relationship between China and the European Union describes a gradual increase in trade. The gradual increase in trade was later transformed into rapid trade developments and even agreements being signed between the two regions. Out of the different trade agreements signed during this period, it can be said that the most important of these are the agreement on commercial co-operation [1978], and the trade and economic agreement signed in [1985].
The third phase in which China and the European Union are in reflect the rapid trade progress that began in the second stage of their trade relations. Though this third stage has seen several developments, it has also seen several conflicts. However, bilateral relations still continue. The problem that seems to be most significant is that the European Union is further tightening its rules on the trade relationship with regard to specific products. The latest of these obstacles to trade between China and the European Union is the licensing quotas that have been imposed by the European Union on the import of textile from China.
General Function of quotas:
When two regions have traded for several years, they automatically gain an understanding between each other, and trade volumes tend to expand gradually.


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