Former European Council President Herman Van Rompuy emphasized the need for stronger multilateral cooperation and balanced trade relations between the EU and China during a recent interview with China Media Group. Addressing the EU's trade deficit concerns, he urged European markets to enhance competitiveness while ensuring \"equal conditions for fair competition\" for Chinese enterprises.
\"This is an economic issue first,\" Rompuy stated, highlighting the complexities of global trade dynamics. He stressed that navigating challenges requires a commitment to open markets and international collaboration, warning against protectionist policies that could harm global economic stability.
The remarks come as G20 nations grapple with recalibrating supply chains and addressing geopolitical tensions. Young entrepreneurs and business enthusiasts worldwide are closely watching these developments, as stable EU-China relations remain pivotal for startups and tech innovators navigating cross-border partnerships.
Reference(s):
World should strive for multilateralism: Former EU Council President
cgtn.com
