Business · Trade · 4 hrs ago

China and EU business groups discuss balancing trade and expanding cooperation

China and EU business groups discuss balancing trade and expanding cooperation

The EU-China Chamber of Commerce and the China Chamber of Commerce to the EU held a roundtable in Brussels on October 29.

Nearly 100 people from government and business took part, including representatives from finance, energy, manufacturing and technology.

The closed-door meeting focused on expanding shared benefits from trade and investment between China and the EU.

China’s envoy said a recent meeting of the two sides’ trade and investment consultation mechanism had reached agreement on 16 outcomes.

Participants said trade balances do not capture the full value of economic ties, which also include investment, jobs, research and skills training.

They discussed market access, digital and green transitions, services trade and how to manage differences through dialogue.

The chambers said they want to turn discussion into practical cooperation that brings economic benefits to both sides.

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What people are saying

Cai RunHead of the Chinese Mission to the EU
Both sides should uphold the positioning of the China-EU partnership, resolve differences and frictions through dialogue and consultation, and respect each other's core interests and major concerns.
via China News Service
Jian Dong LiuPresident of the European Union Chamber of Commerce in China and chairman of Bank of China (Europe)
The trade balance cannot fully reflect the value of China-EU economic and trade relations.
via China News Service
Jens EskelundPresident of the China Chamber of Commerce to the EU
China and the EU should work together to explore paths for cooperation that bring tangible economic benefits to both sides.
via China News Service