China and the European Union have committed to deepening trade cooperation and resolving economic differences through dialogue, following high-level consultations in Beijing. This agreement comes as both parties aim to constructively address disputes and maintain stable economic relations.
The meeting, co-chaired by Chinese Commerce Minister Wang Wentao and European Commissioner for Trade and Economic Security Maroš Šefčovič, marked the second session of the China-EU trade and investment consultation mechanism. Key topics included trade imbalances, export controls, intellectual property rights, electric vehicles, and reforms to the World Trade Organization (WTO).
During the discussions, China and the EU agreed to work on improving market access, enhancing trade monitoring, and exploring potential tariff reductions on specific goods in accordance with WTO rules. Regulatory concerns in sectors such as pharmaceuticals, medical devices, cosmetics, and agricultural products were also addressed.
Trade in electric vehicles was a significant focus, with the two sides reviewing price undertakings tied to the EU’s anti-subsidy case against Chinese electric vehicles. They also agreed to continue talks on export control concerns to facilitate compliant trade and maintain stable global supply chains.
Both parties expressed interest in expanding cooperation in areas such as artificial intelligence, renewable energy, digital services, and green technology. They highlighted opportunities to increase 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 outcomes agreed upon and to continue negotiations. A ministerial-level video meeting is planned for January 2027, followed by the third trade and investment consultation meeting in March 2027.