In a trade dispute with the Europeans over anti-dumping legislation on solar panels, China took advantage of the divergent interests of producers and EU Member States to align them with each other. As a result, China has managed to negotiate a minimum price instead of anti-dumping duties. PARIS – In its first such agreement with a European country, China signed a free trade agreement with Iceland on Monday, as Beijing sought allies at a time when many of its trading partners are cautious about its growing economic power. Iceland, although not a member of the European Union, enjoys access to the internal market through its membership of the European Free Trade Association and the European Economic Area. But the trade agreement would not allow China access to the European market. Iceland had negotiated its accession, but suspended talks in January with broad national opposition. John Clancy, a spokesman for EU Trade Commissioner Karel De Gucht in Brussels, said Iceland must end all its bilateral trade agreements if it is eventually to join the bloc. China does not participate in the Trans-Pacific Partnership or the negotiations between Europe and the United States, prompting some officials and business analysts to view the proposals as a „badge“ of China`s growing power in world trade. Certainly, Polish air conditioner manufacturers were not amused when they learned that they would continue to pay high tariffs because, as the New York Times reported, milk producers in Belgium maintained a major EU trade agreement. Iceland is not a member of the European Union, although it has signed agreements that give it the same rights and obligations as a Member State (with the notable exception of the EU`s Common Fisheries Policy) and the non-block when it comes to concluding trade agreements. Both nations said the China-Island Free Trade Pact would reduce tariffs on a wide range of goods and aim to increase fish and other exports from the remote Nordic state to the world`s second-largest economy. To benefit from free trade under the free trade agreement, goods must comply with at least one of the following rules: Enex, an Icelandic company, an agreement on the geothermal divide in Inner Mongolia and Shaanxi, China, signed in 2010. [4] China and Iceland have signed a free trade agreement.

While Reykjavik hoped the agreement would help revive its struggling economy, Beijing`s interest was primarily to strengthen its influence in the Arctic. After six years of negotiations, Icleand was the first European country to sign a free trade agreement with China. On April 16, the Prime Minister will open an economic conference in Beijing. The economic conference will focus on the opportunities offered by the free trade agreement, which will be a venue for Icelandic and Chinese representatives and the economy. Countries like Iceland can enter into trade agreements with China, even though they are much less important than the rest of the European continent because, unlike the latter, they have not linked themselves to a huge political structure that makes it very difficult to conclude trade agreements. In 2013, Iceland signed a free trade agreement with China. It was China`s first free trade agreement with a European country. [6] [3] Since trade agreements must be adopted unanimously in the EU, years of negotiations have gone up in smoke. It turns out that the Chinese have been hardly impressed by the EU hierarchy in trade negotiations.