The EU Commission will continue negotiating TTIP, says Jean-Claude Juncker, the Commission president, in spite of German and French reticences. Juncker was speaking to the press on Sunday on the margins of the Group of 20 meeting in Hangzhou, a lakeside city southwest of Shanghai, China.
The G-20 meeting “must urgently find a solution” to excess steel production, also said Jean-Claude Juncker. He called on Beijing to accept a monitoring mechanism for overproduction that Beijing’s trading partners blame for low prices and job losses, adding that it was “unacceptable” that the European steel industry had lost so many jobs in recent years.
China, the world’s biggest steel producer, has committed to reducing its production capacity by 100 to 150 million tons by 2020, a pledge Xi repeated Saturday.
“Free trade must be fair trade,” Juncker said at a news conference with Donald Tusk, president of the European Council.
Juncker also said that if Britain wanted access to the European Union’s common market, it needed to respect the rules of the common market.
Juncker also said that an EU ruling that Apple Inc must pay a huge tax bill to Ireland was clearly based on facts and existing rules and was not a decision aimed against the United States, European Commission President Jean-Claude Juncker said on Sunday.
Last week, European Union antitrust regulators ordered Apple to pay up to 13 billion euros in taxes to the Irish government after ruling that a special scheme to route profits through Ireland was illegal state aid.
Apple’s Chief Executive Tim Cook last week described the ruling as “total political crap”, but France and Germany have come out to back Brussels on the decision.
Juncker said EU Commission investigations on taxation had mainly targeted European companies. (with AP, Reuters)