China and the European Union have announced a landmark agreement to remove all restrictions on mutual legislative exchanges, marking a significant step in strengthening diplomatic and policy coordination. Chinese Foreign Ministry spokesperson Lin Jian confirmed the decision during a press briefing on Tuesday, emphasizing the shared commitment to addressing global challenges through enhanced dialogue.
The move follows years of constrained communication between legislative bodies, which analysts say impacted joint efforts on trade, climate action, and technological governance. Lin stated, "This new phase of institutional cooperation reflects growing mutual trust and our common responsibility to uphold multilateralism."
Business leaders and investors are closely watching the development, as expanded parliamentary engagement could streamline cross-border regulatory frameworks. The EU remains China's second-largest trading partner, with bilateral trade exceeding $800 billion in 2023. Meanwhile, researchers anticipate increased collaboration on green energy initiatives and AI governance standards.
The agreement coincides with broader efforts to stabilize China-Europe relations amid shifting geopolitical dynamics. Observers note that improved legislative transparency could facilitate smoother resolutions on sensitive issues, including cross-strait economic cooperation and overseas investments in the Chinese mainland from Hong Kong and Macao businesses.
