On September 25th, the 10th China Europe Economic and Trade High Level Dialogue was held at the Diaoyutai State Guesthouse in Beijing, followed by a press conference. The Red Star Capital Bureau learned on site that China and Europe have had frank and pragmatic communication and exchange on topics such as macroeconomics, trade and investment, industrial chain supply chain, and financial cooperation, and have reached a series of achievements and consensus.
China stated that this year marks the 20th anniversary of the establishment of the comprehensive strategic partnership between China and Europe. China is willing to work with the European side to implement the important consensus reached by the leaders of both sides, consolidate cooperation in traditional fields, actively expand new areas of cooperation, jointly address global challenges, and promote the comprehensive strategic partnership between China and Europe to a new level.
At the press conference, the Executive Vice President of the European Commission, Dong Brovskis, stated that the European side is willing to strengthen practical cooperation in the economic and trade field with China, and promote the continuous development of EU China relations.
The two sides of China and Europe held practical, candid, and fruitful discussions on four topics: macroeconomic, trade and investment, industrial chain supply chain, and financial cooperation. Both sides have reached a series of achievements and consensus on macroeconomic policy coordination, industrial chain supply chain cooperation, improving the business environment, WTO reform, two-way opening up of the financial industry, and regulatory cooperation.
Both sides believe that the world is currently undergoing profound historical changes and the global economic recovery momentum is insufficient. In this context, China and Europe adhere to dialogue and cooperation, promoting common development and prosperity, which is of special significance.
Both sides agree to strengthen macroeconomic policy communication and coordination, work together to address global challenges such as climate change, food security, and energy security, maintain global economic and financial market stability, and inject more confidence into world economic growth.
Both parties promise to maintain two-way openness and provide a fair and non discriminatory business environment for each other's enterprises. China is willing to regularly convene the China Europe Economic and Trade Mixed Committee with the European side, fully utilize dialogue mechanisms such as the China Europe Trade and Investment Policy Dialogue and the China Europe Economic and Trade Working Group, and strengthen exchanges between the Ministry of Commerce of China and the European Commission's General Department of Trade.
The trade between China and Europe is close, and the trade volume is constantly reaching new highs. According to Eurostat data, the trade volume between the 27 EU countries and China reached 856.3 billion euros in 2022, an increase of 22.8% compared to the previous year. China is the second largest trading partner, largest source of imports, and third largest export market of the European Union.
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