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EU Commissioner Sefcovic today's discussions with China's Foreign Minister Wang Yi were intensive, focused and constructive

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EU Commissioner Sefcovic today's discussions with China's Foreign Minister Wang Yi were intensive, focused and constructive

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Sefcovic says:

  • Objective has been to start balancing trade between EU and China.
  • Status quo is not an option.
  • EU remains open for business, but needs to defend industrial base and keep pushing for a level playing field globally.
  • Identified four strands: Trade and investment balancing, export controls, IP rights, and WTO reform.
  • Thinks that between now and October, teams have sufficient time to deliver tangible results. 

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