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European Union

China and EU Engage in High-Level Economic and Trade Dialogue

Strategic Insights

— 1 min read

China's Minister of Commerce, Wang Wentao, met with European Commission Executive Vice President and Trade Commissioner Dombrovskis to discuss preparations for the 10th China-EU High-Level Economic and Trade Dialogue. The conversation centered on electric vehicles, 5G, and other key topics, with both sides expressing a desire to strengthen economic and trade relations. However, tensions arose over the EU's proposed countervailing investigation into Chinese electric vehicles, which China views as an act of trade protectionism.

Key Takeaways:

  • China attaches great importance to China-EU economic and trade relations, with the State Council issuing 24 policies and measures to optimize the foreign investment environment.
  • The Ministry of Commerce will continue to engage with foreign-invested enterprises, including European companies, through various mechanisms to address their concerns.
  • China is concerned about the EU's proposed countervailing investigation into Chinese electric vehicles, viewing it as an act of trade protectionism that could affect China-EU green cooperation and the global automotive industry chain and supply chain.
  • The EU has recognized the 24 measures introduced by China to improve the foreign investment environment and looks forward to their positive impact on European companies.
  • The EU is committed to conducting full consultations with China on the anti-subsidy investigation of electric vehicles, while strictly adhering to WTO rules to ensure transparency and a non-political resolution of trade frictions.

Statistics:

  • 24: The number of policies and measures issued by the State Council of China to optimize the foreign investment environment.
  • 10th: The China-EU High-Level Economic and Trade Dialogue, which Wang Wentao and Dombrovskis are preparing for.
  • China is an important trading partner of the EU, accounting for [insert percentage] of EU's total trade volume.

Sources:

  • China Mission to the EU ( Granted access to news release issued by Beijing: Mission of the People's Republic of China to the European Union)

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