China and the European Union have committed to enhancing trade cooperation and addressing economic differences through dialogue, following a high-level meeting in Beijing. Chinese Commerce Minister Wang Wentao and European Commissioner for Trade and Economic Security Maroš Šefčovič co-chaired the session, which was part of the China-EU trade and investment consultation mechanism.
The discussions focused on several key issues, including trade imbalances, export controls, intellectual property rights, and the reform of the World Trade Organization (WTO). Both parties emphasized the importance of resolving disputes constructively and maintaining stable economic relations. They agreed to improve market access, strengthen trade monitoring, and explore potential tariff reductions on certain goods in accordance with WTO rules.
Regulatory concerns affecting sectors such as pharmaceuticals, medical devices, cosmetics, and agricultural products were also on the agenda. A significant point of discussion was the trade of electric vehicles, with both sides reviewing price undertakings related to the EU’s anti-subsidy case involving Chinese electric vehicles. They agreed to continue discussions aimed at addressing export control concerns and facilitating compliant trade to maintain stable global supply chains.
In addition to these issues, China and the EU expressed interest in expanding cooperation in areas including artificial intelligence, renewable energy, digital services, and green technology. Both sides highlighted the opportunities for increasing mutual investment and called 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 scheduled for January 2027, followed by the third trade and investment consultation meeting in March 2027, as both sides aim to strengthen their economic partnership further.