Trade policy: Before EU-China talks: Chamber of Commerce advocates for dialogue
The EU is pushing for more balanced trade relations with China. Before talks in Beijing, the German Chamber of Commerce is also warning to keep the benefits of cooperation in mind.
The German Chamber of Commerce in China is urging dialogue and targeted measures in the trade dispute between the EU and China ahead of EU Trade Commissioner Maros Sefcovic's visit to China. The chamber's Oliver Oehms stated that the EU should tailor its measures to specific industries and avoid blanket tariffs or regulations. Oehms also highlighted the benefits of cooperation, citing that German companies in China are developing knowledge that can strengthen their competitiveness.
A survey by the chamber found that 80% of companies expect consequences if the EU-China trade negotiations fail, with 33% expecting significant impacts and 47% expecting moderate impacts. Sefcovic is set to meet with China's Trade Minister Wang Wentao in Beijing to discuss trade issues.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
