China, EU launch trade consultation mechanism

China and the European Union (EU) have formally launched a trade and investment consultation mechanism, establishing a dedicated channel for discussions on key economic and trade issues between the two sides.The initial agenda covers four workstreams: trade and investment balancing, export controls, intellectual property rights and World Trade Organization (WTO) reform, according to a joint statement cited by the Chinese media.

China and the European Union have formally set up a trade and investment consultation mechanism after its first meeting.
Initial workstreams cover trade and investment balancing, export controls, intellectual property rights and WTO reform.
Exporters, importers and sourcing teams with China-Europe exposure should track how the channel develops.

The scope is relevant for exporters, importers, manufacturers and sourcing teams monitoring rules that can affect cross-border trade and supply-chain compliance.

China’s Minister of Commerce Wang Wentao and European Commissioner for Trade and Economic Security and Interinstitutional Relations and Transparency Maros Sefcovic co-chaired the first meeting of the mechanism in Brussels, reported that the two sides described the discussions as comprehensive, in-depth and constructive.

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