China-Germany Joint Statement on Making Joint Efforts To Stabilize the Global Economy
On 29 January 2009, during his official visit to Germany, Premier Wen Jiabao of the State Council of the People's Republic of China and Chancellor Angela Merkel of the Federal Republic of Germany spoke highly of the sound development of bilateral relations and reaffirmed their commitment to further strengthening cooperation in all fields.
The two sides emphasized their readiness to work together for continued fast growth of China-EU relations and agreed that China and Germany, as two major economies and exporters, are of special impact in coping with the current economic and financial crisis and China-Germany cooperation is particularly significant.
Therefore, the two sides have agreed on the following:
First, to strengthen exchanges on economic, trade, monetary and fiscal policies. To contribute to revitalizing the world economy, the two governments both introduced extensive package plans to stabilize the financial and non-financial sectors. The two sides will support, to the extent possible, measures taken by the other side in light of its conditions to promote economic growth.
Second, to explore new cooperation areas on the existing basis and inject new vitality into economic growth. In particular, cooperation will be expanded in such areas as climate change, energy, environmental technology and circular economy, medicine and bio-technology, infrastructure, transportation and logistics, financial services and ICT. The two sides will continue to give full play to the role of such mechanisms as the China-Germany Joint Commission for Economic Cooperation and China-Germany Forum on Economic and Technological Cooperation and strengthen mutually beneficial cooperation, particularly in the field of innovative technology.
Third, to take vigorous measures to maintain and promote balanced development of bilateral trade. The two sides will support companies in their own countries in participating in technology and products exhibitions held in the other country, guarantee and protect intellectual property rights and provide facilitation as much as possible for the exchanges between business communities of the two countries. The two sides agreed that as an important vehicle for cooperation, technology transfer should be encouraged and conducted on a voluntary basis. Exchanges in service trade statistics will be stepped up and studies will be made on measures for expanding service trade.
Fourth, to encourage and support Chinese and German companies' efforts to strengthen two-way investment in a bid to boost bilateral economic ties. The two governments will give fair and equal treatment to domestic and foreign companies in line with the WTO rules and the bilateral agreement on promoting and protecting mutual investment.
Fifth, to support small- and medium-sized companies in China and Germany in their efforts to enhance cooperation and provide them with facilitation and support in investment, financing, taxation and trade. Bilateral cooperation will be expanded in the field of standard-setting.
Sixth, tourism authorities of the two countries will strive to enhance cooperation in investment, training and promotional activities related to the tourism sector and continue to facilitate travels by their nationals to the other country.
Seventh, both sides stand for reducing trade restrictions and against trade and investment protectionism in all forms. The two governments are committed to pushing for an early conclusion of the Doha Round negotiations of the WTO with an ambitious and balanced outcome across the board and realizing the goal of the development round.
Eighth, to implement, on the basis of full consultation, the consensus of the G20 Washington Summit, push forward reform of the international financial system and make positive contribution to achieving substantive results at the G20 London Summit.
Berlin, 29 January 2009