EU-China Trade Talks: Seeking Tangible Outcomes by October

EU trade chief Maros Sefcovic met China's commerce minister Wang Wentao to discuss the EU-China trade imbalance. Both sides aim for tangible results by October, with discussions covering trade balance, export controls, and intellectual property. The EU seeks to address its shrinking market share in China.

EU trade commissioner Maros Sefcovic engaged in talks with China's commerce minister Wang Wentao in Brussels, pushing for concrete trade outcomes by October during a planned visit to Beijing.

The discussions, described as intensive and constructive by Sefcovic, highlighted the EU's concern over the growing trade deficit with China, as Chinese exports to Europe continue to rise while EU's share in China declines.

Key topics include trade balance, export controls, and WTO reforms, with China assuring disruption-free rare earth supplies. In response, China raised issues over the EU's draft Cybersecurity Law, countering claims of being a root problem in EU's trade challenges.