EU and China Begin Talks on Rebalancing Trade Deficit
The European Union has begun negotiations with China to address an 'unsustainable' trade deficit. European Trade Commissioner Maroš Šefčovič is in Beijing for a two-day meeting, where the EU aims to secure commitments from China to rebalance their economic relationship. This comes as part of broader efforts by the EU to assert itself more strongly on global trade issues and reduce its reliance on Chinese imports. The talks are expected to focus on market access, fair competition, and addressing concerns over intellectual property rights and subsidies for state-backed industries in China.
Topics: EU-China relations trade negotiations