China and France Signed a Joint Statement to Promote Fair Competition in Several Areas

On April 7, 2023, Xinhua News released the full text of the Joint Statement between the People’s Republic of China and the Republic of France.

The Joint Statement highlighted 51 points in five aspects including Sino-French mutual political trust, global security, economic communication and cooperation, people-to-people and cultural exchanges, and responding to global challenges. It noted that China and France agreed to provide fair and non-discriminatory competition conditions for businesses, particularly in the areas of cosmetics, agriculture and agri-food products, air traffic management, finance (banking, insurance and asset manager), healthcare (medical supplies, vaccines), energy, investment and sustainable development. In the digital economy, including in the area of 5G, the French side vowed to continue processing applications for licenses from Chinese companies in a fair and non-discriminatory manner.