EU–China trade progress welcomed, yet trust issues linger
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The EU and China will hold further talks in January and again in March after last week's deal in Beijing under which China agreed to halve its hybrid vehicle exports to Europe. Trade Commissioner Maroš Šefčovič is pushing to rein in a €1 billion-a-day bilateral trade deficit, and both sides committed to continue discussing market access for medical devices and the EU's Foreign Subsidies Regulation. Linlin Liang of the China Chamber of Commerce to the EU called the agreement "quite balanced," but said China's Ministry of Commerce reserves the right to retaliate if the understanding breaks down.
Continue in the app — vote & join in ➔Source: Politico Europe · via ahirlevel.hu