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China, the EU and Latin America : current issues and future cooperation
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TrilateralRelationsbetweenChina theEUandLatinAmerica:LittleExperience ButBigPotential 15 wasaChineseexpatriate Thereisclearlyacommoninterestinworkingoutamutuallyagreedand balancedapproachtotheenforcementofintellectualpropertyrights whichcan providethebasisforthepromotionofinnovationandtheestablishmentofan objective dialogue on the common challenges of fighting piracy and counterfeiting.On30January2009 theEUandChinasignedanactionplanon customscooperationintackling piracy and counterfeiting as wellasan agreementondrugprecursors. The Chinese agreement to discuss opening service markets the MERCOSURChilebusinessseminarontheadvantagesoftriangulationin May 2009 theEUChinaBiodiversityProgrammeandsimilarcommitmentswithinthe frameworkoftheEULACsummitprocessarepromisingstepsinotherareas. Anotherimportantaspectisthefactthatweallmaybenefitinthelongterm fromChineseinvestmentinAfghanistan PakistanandIran wherethebuilding ofroads mines transportandinfrastructure althoughcertainlydoneinChinas own interest also contributes to economic development there and to interdependence bothofwhicharealwaysgoodbasesformorestability. Asalready mentioned multilateralism àlacarteisonlyasecondbest solution withthedangerofclashingregulatorypolicies.Takeinvestment:the moreChinawishestoinvestabroad includingtomakethebestofitshugedollar reservesinturbulenttimes the moreitislikelytodevelopaninterestin agreeingoninternationalstandards rulesorcodesofconduct.Addingtoa growinginternational spaghettibowl inthisarea Chinahasbeenacommitted signatoryofbilateralinvestmenttreaties.Sincethe1980s about120havebeen signed mostlywithseriousreservations.Inthisway ofcourse thereisarisk thatdevelopingcountrieswillseetheirregulatoryautonomyfurtherreduced and somequestionwhetherChinaisactinginaccordancewithitsrhetoriconmutual beneficialSouthSouthcooperation Berger2008:1822 .Ontheotherhand in thisrespect theindustrialisedcountriesarenotabovereproach:EU member statesjealouslytrytodefendtheirindividualinvestmentprotectionagreements againstanEUwideharmonisedapproach.Furthermore industrialisedcountries alsokeeptheireconomiesclosedtoChineseorLatinAmericaninvestment under thealltooeasyprofessionof vitalnationalinterests oreven economic patriotism 3.4 犈犱狌犮犪狋犻狅狀犪狀犱犐狀狀狅狏犪狋犻狅狀 Highereducationis both publicresponsibility and publicasset. Investmentintheeconomycreatesjobs incomes progressandaddedvalue.