Beijing says China-EU trade talks set in the fall, to be held regularly each year
China and the European Union will hold ministerial-level trade talks annually, with meetings occurring once or twice a year, according to China's Commerce Ministry. This new consultation mechanism aims to increase and rebalance trade between the two entities, addressing the EU's widening trade deficit with China, which reached approximately 360 billion euros last year. The EU's trade commissioner, Maroš Šefčovič, has been invited to visit China this autumn, following a meeting with China's commerce minister. Both sides intend to enhance collaboration in areas such as artificial intelligence and renewable energy. The EU is seeking meaningful results on trade rebalancing by October and has recently implemented measures to protect its steel industry and limit e-commerce small parcels, which are seen as targeting Chinese firms.