From trade tensions to a new dialogue mechanism: A trade truce in the making?

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• 00:07

  After years of stalled China-EU trade talks, the two sides have launched a new trade and investment

• 00:16

  consultation mechanism, holding its first high-level meeting, and notably issuing a joint statement,

• 00:23

  the first of its kind since 2019. So, is this the beginning of a more stabilized China-EU economic framework,

• 00:32

  or the embedding of a managed trade confrontation?

• 00:36

  Welcome to Road Today, the panel discussion with me Ge Anna in Beijing.

• 00:42

  China and the European Union have officially launched their trade and investment consultation mechanism,

• 00:49

  aligning four initial areas of work, trade and investment balance, export controls, intellectual property rights,

• 00:57

  and the World Trade Organization reform.

• 00:59

  According to the joint statement, the two sides also agreed to set up a joint monitoring

• 01:04

  mechanism to exchange relevant data, monitor trade flows, and support technical work with a view.

• 01:12

  To improving transparency, enhancing mutual trust, and managing trade frictions.

• 01:17

  After months of strategic maneuvering and trade tensions, how has the climate of China-EU trade relations shifted?

• 01:25

  And what impact will the new trade and investment consultation mechanism have on their future direction?

• 01:32

  To explore these questions, we're joined by Liang Lingling, Director of Communication

• 01:38

  and Research of China Chamber of Commerce to the European Union.

• 01:42

  Hussein Oskari, vice president of the Belt and Road Institute in Sweden.

• 01:48

  Dr. George Zugopoulos, director of EU-China programs and a senior research fellow at European Institute of Nice.

• 01:56

  Welcome, ladies and gentlemen.

• 01:58

  Let me start with this question.

• 02:00

  A lot of media coverage highlighted that China and the EU not only held this new consultation mechanism,

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