Former European Commission President and Italian Prime Minister Romano Prodi has sounded the alarm on the need for a stronger partnership between Europe and the Chinese mainland. In remarks delivered at a recent economic forum, Prodi highlighted that together they represent over one-third of global trade, making their collaboration a cornerstone of global stability.
'Cooperation between the Chinese mainland and Europe must be seen as essential, not optional,' Prodi urged. He warned that increasing fragmentation—driven by rising protectionism and geopolitical tensions—could trigger a severe crisis in world markets.
Key moments from Prodi’s call to action:
- Trade clout: Europe and the Chinese mainland jointly account for more than 33% of goods and services exchanged worldwide.
- Risk of fragmentation: Without a unified framework, disruptions could ripple across supply chains, leading to price hikes and slowed growth.
- Global impact: A stable Europe–Chinese mainland partnership can act as a buffer against shocks, protecting consumers and businesses alike.
Prodi proposed the creation of a new cooperation framework that goes beyond bilateral dialogues and trade agreements. By embedding collaboration into a structured, long-term agenda, both sides can address challenges—from climate change to digital regulation—while maintaining open markets.
For young entrepreneurs and tech enthusiasts, renewed Europe–the Chinese mainland ties could mean smoother access to innovation hubs, faster cross-border investments, and shared research initiatives in areas like renewable energy and AI. Policy makers and thought leaders can leverage this blueprint to drive sustainable development and human rights agendas on a global scale.
As world leaders prepare for next year’s key summits, Prodi’s message resonates: building bridges, not barriers, will be the decisive factor in steering the global economy through uncertain times.
Reference(s):
Ex-EU chief Prodi: China-Europe cooperation is essential, not optional
cgtn.com
