China willing to negotiate trade agreements with EU says MOFCOM

China's Ministry of Commerce has expressed its openness to negotiating bilateral economic agreements with the European Union, aiming to strengthen trade relations. This announcement underscores a willingness to engage in dialogue and cooperation in response to evolving international dynamics.

The statement was made by a spokesperson from the Ministry during a press briefing, following inquiries regarding the potential for a new China-EU trade agreement, especially as some European leaders have suggested such discussions.

He Yadong, the ministry spokesperson, emphasized the importance of China-EU relations, noting that they have been built on a solid foundation with substantial growth. The integration of supply chains between China and the EU has fostered mutual benefits and a positive cycle of cooperation.

Despite China's openness towards trade negotiations, the spokesperson highlighted recent actions by the EU that have raised concerns in Beijing. Various economic measures have been employed by the EU, which affect the operations of Chinese companies within European markets.

Recent legislative proposals in the EU, such as revisions to the EU Cybersecurity Act and the Industrial Accelerator Act, have considerably impacted the outlook of Chinese firms regarding collaboration with European partners, according to He.

The ministry has called for the EU to listen more attentively to the interests of its member states and industries, advocating for a departure from protectionist policies. He stressed the importance of transitioning from barriers to open cooperation.

Moreover, the spokesperson urged that differences and frictions between China and the EU should be addressed through continuous dialogue and consultation to promote a healthy and productive economic relationship.

In summary, China's Ministry of Commerce is poised for negotiations with the EU, provided that the current trend of economic restrictions is reconsidered, setting the stage for potential advancements in their trade ties.

As these discussions unfold, the implications for global trade dynamics will be significant, reflecting broader trends in international relations as China and the EU seek to navigate their economic interdependence.

Global Times