CHALLENGES REMAIN
With the deepening of economic ties, China-EU trade ties have inevitably seen frictions and disputes. The EU launched a number of anti-dumping cases against Chinese products, which China's businesses regarded as unfair and a type of trade protectionism.
But, Wan said the two sides need to look at the trade disputes objectively and resort to negotiations, arbitrations, legal measures or a dispute settlement mechanism of the World Trade Organization (WTO). Trade wars would be the last thing the two sides want, he stressed.
To address the challenges, Song suggested the two sides strengthen strategic mutual trust and accommodate each other's concerns. Both China and the EU should guard against trade protectionism and keep their markets open, he said.
Song said increased policy coordination and stronger cooperation are also needed to tackle the challenges.
With the deepening of economic ties, China-EU trade ties have inevitably seen frictions and disputes. The EU launched a number of anti-dumping cases against Chinese products, which China's businesses regarded as unfair and a type of trade protectionism.
But, Wan said the two sides need to look at the trade disputes objectively and resort to negotiations, arbitrations, legal measures or a dispute settlement mechanism of the World Trade Organization (WTO). Trade wars would be the last thing the two sides want, he stressed.
To address the challenges, Song suggested the two sides strengthen strategic mutual trust and accommodate each other's concerns. Both China and the EU should guard against trade protectionism and keep their markets open, he said.
Song said increased policy coordination and stronger cooperation are also needed to tackle the challenges.
