- BIST10011,722-2.89%
- USD49.45+0.05%
- EUR55.62+0.37%
- GOLD4,181.10+0.26%
- INTEREST37.00%-1.00
- BITCOIN81,578+0.24%
- October 18, 202615°
- BIST10011,722-2.89%
- USD49.45+0.05%
- EUR55.62+0.37%
- GOLD4,181.10+0.26%
- INTEREST37.00%-1.00
- BITCOIN81,578+0.24%
- October 18, 202615°
China and EU to hold second round of trade consultations in autumn
China announced that the second round of its trade and investment consultation mechanism with the European Union will take place in autumn. During the first meeting, the two sides agreed to characterize their relationship as a 'stable and balanced partnership'.
China announced that the second round of its trade and investment consultation mechanism with the European Union (EU) will take place next autumn.
He Yadong, spokesperson for China's Ministry of Commerce, said at a press conference in Beijing that the second meeting would be held in autumn but did not give a specific date. Yadong noted that the mechanism creates a new periodic dialogue platform for economic and trade exchanges between China and the EU.
The parties agreed to meet at the ministerial level once or twice a year under the mechanism.
The first meeting was held on 9 June 2026 in Brussels. The Chinese spokesperson stressed that the meeting focused on three areas to ensure more balanced growth in bilateral trade, and that the aim was not to reduce trade but to maintain balance.
Increasing cooperation in new sectors such as artificial intelligence and green transformation, and better leveraging the potential in services trade, were also on the agenda.
He Yadong said the two sides agreed to redefine their economic and trade relations as 'major, stable and balanced trade partners.' He stated that this consensus would improve expectations for companies on both sides and bring more certainty and positive momentum to the Chinese, EU and global economies.
Trade disputes in the background
These developments are taking place against the backdrop of escalating trade disputes between the parties. Last May, France, Spain, Italy, the Netherlands and Lithuania signed a proposal urging the European Commission to take stricter measures against what they described as 'unfair trade practices,' including tariffs and restrictions on imports of Chinese origin.
According to Eurostat data, in 2025 the EU's imports from China amounted to approximately 559 billion euros, while its exports to China stood at 199 billion euros. This resulted in a trade deficit of 360 billion euros for the EU with China.
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