Despite facing adverse factors such as geopolitical tensions, China and the European Union (EU) have made significant strides in enhancing their economic and trade relations this year. Building on the outcomes of the 24th China-EU Summit and the 10th China-EU High-level Economic and Trade Dialogue, both parties have focused on implementing the agreed results and consensuses.
The strengthened interactions and exchanges in the field of economy and trade have promoted bilateral trade and economic cooperation, solidifying their roles as key anchors in China-EU relations. This collaboration aims to navigate and overcome the complexities of the global economic landscape.
On the multilateral front, China and the EU have worked closely within the World Trade Organization (WTO), facilitating 10 significant achievements during the 13th Ministerial Conference (MC13). These include the Abu Dhabi Ministerial Declaration, the Investment Facilitation for Development Agreement, the Ministerial Decision on Dispute Settlement Reform, and the Work Programme on Electronic Commerce. Their joint efforts underscore a commitment to multilateralism and the importance of the WTO as a platform for global economic governance.
Bilateral initiatives have also been prominent, with China hosting its first Roundtable for Foreign Enterprises in 2024, focusing on Belgian companies. Additionally, China has selected Denmark, Germany, and Italy as preferred locations for the \"Invest in China\" activities overseas. These initiatives leverage the \"Invest in China\" brand and the Roundtable mechanism to address the concerns of foreign enterprises, including those from Europe, fostering a more conducive environment for international business.
Through these comprehensive efforts, China and the EU continue to deepen their economic partnership, aiming for sustained growth and mutual benefit in an interconnected global economy.
Reference(s):
Bilateral interaction enhances China-EU economic and trade relations
cgtn.com
