China and the European Union have agreed to enhance trade cooperation and address economic issues through dialogue, following high-level trade and investment consultations in Beijing. The discussions, co-chaired by Chinese Commerce Minister Wang Wentao and European Commissioner for Trade and Economic Security Maroš Šefčovič, emphasized the necessity of resolving disputes constructively to maintain stable economic relations.
Key topics during the talks included trade imbalances, export controls, intellectual property rights, and the reform of the World Trade Organization (WTO). Both sides committed to improving market access, strengthening trade monitoring, and exploring potential tariff reductions on certain goods in alignment with WTO rules. Regulatory concerns in sectors such as pharmaceuticals, medical devices, cosmetics, and agricultural products were also addressed.
A significant focus was on the electric vehicle sector, with discussions on price undertakings linked to the EU’s anti-subsidy case involving Chinese electric vehicles. The parties agreed to continue addressing export control concerns to facilitate compliant trade and maintain stable global supply chains.
The consultations highlighted opportunities for expanding cooperation in areas such as artificial intelligence, renewable energy, digital services, and green technology. Both China and the EU expressed interest in increasing mutual investment and emphasized the need for fair, transparent, and predictable business environments for companies operating in each other’s markets.
The consultations concluded with a commitment to implement the agreed outcomes and continue negotiations. A ministerial-level video meeting is planned for January 2027, followed by the third trade and investment consultation meeting in March 2027, reflecting both parties’ dedication to strengthening economic ties.