At a recent high-level trade talk in Beijing, the European Union (EU) and China have signed an agreement to develop 5G communication networks in a bid to fast track development for the Internet of Things (IoT).
Under the agreement, the EU and China will work together to reach a global understanding on the concept of basic functionalities and technology for 5G communication.
In addition, the two parties will jointly explore research into the implementation of 5G and facilitate the participation of enterprises in 5G research projects in China and the EU.
Through the partnership, the EU and China will also jointly promote global standardisation as well as identify the most promising radio frequency bands to meet the spectrum requirements for 5G and explore the various applications for IoT.
IoT in Europe
The European Union suggests that by 2020, there will be “30 times as much mobile Internet traffic as there was in 2010.”
European Commissioner in charge of the Digital Economy and Society Günther Oettinger, who signed the agreement with Miao Wei, China’s Minister of Industry and Information Technology, said 5G communication will form the basis of a trillion euro EU market in the IoT.
Mr Oettinger said: “5G will be the backbone of our digital economies and societies worldwide.
“This is why we strongly support and seek a global consensus and cooperation on 5G. With today’s signature with China, the EU has now teamed up with the most important Asian partners in a global race to make 5G a reality by 2020. It’s a crucial step in making 5G a success.”
In May this year, the EU launched its Digital Single Market Strategy, which is dedicated to “improving spectrum coordination in the EU, particularly in view of future 5G needs,” said the European Commission.