EU-China trade progress welcomed, yet trust issues linger
While a deal to reduce exports of hybrid vehicles represents an early win, tougher issues remain on the negotiating table.
EU and Chinese officials have expressed satisfaction with the progress made during last week's trade talks, particularly the agreement on reducing China's hybrid vehicle exports to Europe. However, trust issues persist, with concerns over Beijing's aggressive subsidy policies and the EU's proposed Industrial Accelerator Act. Trade Commissioner Maroš Šefčovič will continue discussions with Chinese Commerce Minister Wang Wentao in January and March to address the bilateral trade deficit.
While acknowledging China's investment in innovation, EU lawmakers remain wary of its unfair subsidy practices, citing OECD data that shows subsidies in China are up to eight times higher than in other countries. Despite these challenges, both sides recognize the importance of maintaining open lines of communication and exploring opportunities for cooperation.
Written by urgent.news from Politico EU's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
