ŠEfčovič: China Must Deliver by October or Face ‘Harsher Measures’
EU Trade Commissioner Maroš Šefčovič said a deal outline is needed by October as Brussels weighs defensive measures if talks fail.
- Trade Commissioner Maroa warned Beijing that China must deliver "concrete results" by October or face "harsher measures" to address the record trade surplus with the European bloc.
- All EU countries now run a trade deficit with China, prompting leaders to demand solutions in "sensitive" sectors including "cars, medical devices, agri-food products" to rebalance the relationship.
- Earlier this week, Commission President Ursula told a business forum in France that dialogue only works if it brings results, while discussions with Chinese counterparts are currently more frequent and intense than ever.
- Maroa scheduled a video call with Chinese counterpart Wang Wentao for mid-September, then plans to travel to Beijing in October ahead of a summit in Brussels.
- Securing better access for European companies will not happen overnight, but Maroa stressed an outline of a deal is essential before October to prevent a strong political movement toward restrictive actions.
21 Articles
21 Articles
The European Union is increasing pressure on China to change its trade relations with the bloc, setting an October deadline for concrete results. European Trade Commissioner Maroš Šefčovič warned in an exclusive interview with Euronews that Beijing must present concrete results by October or face tougher measures from Brussels. According to him, the issue has now taken on a much larger dimension than a simple trade dispute. At stake, Šefčovič sa…
EU TRADE COMMISSIONER Maroš Šefčovič warned China that it must show results in reducing the trade surplus by October, otherwise it will face tougher measures from Brussels.
The European Union wants to convince China to reduce exports to the Community bloc in an attempt to reduce the trade deficit that has reached around EUR 1 billion per day. European Trade Commissioner Maros Sefcovic says that Brussels is preparing concrete proposals for Beijing and that, in the absence of results, the EU could make greater use of trade defence instruments, he announces.
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