Pierre Gramegna, Managing Director of the European Stability Mechanism (ESM), has emphasized the critical role of China-EU cooperation in stabilizing global trade and advancing green finance during a pivotal moment for multilateral systems. In an exclusive interview with CGTN's Guan Xin, Gramegna highlighted shared priorities between the export-driven economies amid rising US tariffs and shifting investment trends.
"China and Europe must defend the rules-based trade order," Gramegna stated, advocating for dialogue within the World Trade Organization (WTO) framework to resolve disputes and curb protectionism. The call comes as both regions navigate economic headwinds exacerbated by fragmented approaches to environmental, social, and governance (ESG) investments.
With US interest in ESG waning, Gramegna proposed deepened cross-continental collaboration to align financial systems with climate goals. The remarks underscore opportunities for investors and policymakers to strengthen sustainable finance mechanisms while addressing complex geopolitical realities.
