China and the European Union have agreed to enhance trade cooperation and address ongoing economic tensions through dialogue, following a series of high-level consultations in Beijing. This development comes as both parties aim to resolve disputes constructively and maintain stable economic relations, according to a joint announcement made after the meetings.
The discussions were co-chaired by Chinese Commerce Minister Wang Wentao and European Commissioner for Trade and Economic Security Maroš Šefčovič. Key topics included trade imbalances, export controls, intellectual property rights, and electric vehicles, alongside reforms of the World Trade Organization (WTO). Both sides committed to improving market access, strengthening trade monitoring, and exploring potential tariff reductions on select goods within WTO guidelines.
A significant portion of the talks focused on the trade of electric vehicles, particularly in light of the EU’s anti-subsidy case involving Chinese electric vehicles. The parties reviewed price undertakings and agreed to continue addressing export control concerns to facilitate compliant trade while maintaining stable global supply chains.
Additionally, China and the EU expressed a mutual interest in expanding cooperation in areas such as artificial intelligence, renewable energy, digital services, and green technology. They also discussed regulatory issues impacting sectors like pharmaceuticals, medical devices, cosmetics, and agricultural products. Both sides underscored the importance of creating 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. Plans were set for a ministerial-level video meeting in January 2027, followed by the third trade and investment consultation meeting in March 2027, as both sides aim to further strengthen their economic partnership.