Chinese Commerce Minister Wang Wentao has called for open dialogue to address the ongoing trade frictions between China and the European Union (EU). Speaking during a meeting with Chinese-funded enterprises in Barcelona, Spain, on Saturday, Wang emphasized China’s commitment to resolving disputes through communication and cooperation.
“China is willing to engage in frank and constructive dialogues with the EU to properly resolve trade frictions,” Wang stated. “We will take all necessary measures to safeguard the legitimate interests of Chinese companies.”
Response to EU Probes
Wang’s comments come in the wake of the EU’s recent initiation of investigations into several Chinese products. The EU has intensified probes into imports of electric vehicles, railway locomotives, and equipment used in photovoltaics, wind power generation, security inspections, and healthcare from China.
The EU’s actions have raised concerns about potential protectionism and the impact on global supply chains. China has expressed apprehension that such measures may disrupt trade relations and hinder the development of green technologies crucial for combating climate change.
Importance of Cooperation
Highlighting the interdependent nature of the global economy, Wang urged both sides to work collaboratively. “China and the EU are important trading partners. It is in our mutual interest to maintain stable and open trade relations,” he said. “We should jointly uphold the principles of free trade and oppose unilateralism and protectionism.”
Wang also encouraged Chinese enterprises operating in Europe to actively engage with local communities and contribute to economic growth, fostering goodwill and mutual understanding.
Looking Ahead
The minister’s visit to Barcelona underscores China’s efforts to strengthen ties with European nations amid rising trade tensions. Analysts suggest that constructive dialogue between China and the EU is essential to prevent escalation and to find amicable solutions that benefit both parties.
The call for dialogue reflects China’s broader approach to international trade disputes, favoring negotiation over confrontation. Observers will be watching closely to see how the EU responds to China’s invitation for talks and whether both sides can navigate the complexities of their trade relationship in a positive direction.
Reference(s):
cgtn.com
