China and EU Unite Against US Tariffs, Affirm WTO Commitment Amid Trade Tensions

Edited by: Ирина iryna_blgka blgka

China and the European Union (EU) have agreed to collaborate in upholding the rules of the World Trade Organization (WTO) in response to recent trade measures implemented by the United States. This collaboration underscores a shared concern over the stability of the global economic order. China's representative has stated that the U.S. tariffs violate WTO benchmarks, harm the multilateral trading system, and destabilize the global economic order. The EU has expressed its readiness to work alongside WTO members, including China, to ensure the smooth functioning of international trade operations. Both China and the EU are set to commence consultations on market access issues and begin negotiations on electric vehicle valuation commitments, alongside exploring bilateral investment cooperation within the automotive sector. These discussions also aim to address trade diversion issues and manage trade frictions through the resumption of China-EU trade recovery talks. The EU values its economic and trade relations with China and is willing to strengthen dialogue and communication with China, and promote greater two-way market access, investment and industrial cooperation. These developments signal a united front against protectionist measures and a commitment to maintaining a rules-based trading system.

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