In a recent interview with China Media Group, Herman Van Rompuy, former president of the European Council, emphasized the importance of multilateralism and open markets in addressing global economic challenges. Speaking on the trade dynamics between the European Union and China, Rompuy acknowledged the existing trade deficit and underscored the need for the EU to further open its markets and enhance its competitiveness.
\"There is a trade deficit issue between the EU and China,\" Rompuy stated. \"The EU needs to further open its markets and become more competitive. We must ensure that China has the same fair competition conditions in the European market.\"
He pointed out that while trade imbalances and irregularities present delicate challenges, they are fundamentally economic issues that require collaborative solutions. \"This is a delicate matter,\" he added. \"But it's an economic issue, and the world should strive for multilateralism and open markets as much as possible.\"
Rompuy's remarks come at a time when global trade relations are under scrutiny, and there is a growing emphasis on fostering fair competition and mutual growth. His advocacy for multilateralism highlights the importance of international cooperation in tackling economic disparities and promoting sustainable development.
The former EU Council President's perspective reinforces the need for constructive dialogue and policy adjustments to ensure a balanced and equitable global trade environment. By encouraging openness and competitiveness, Rompuy believes that both the EU and China can benefit from stronger economic ties and shared prosperity.
