EU-China Summit Concludes with Potential for Collaboration Despite Trade Deficit
China urged to halt exports of dual-use technologies to Russia and increase imports from Europe, as both sides align on tackling climate change.
- EU-China summit concluded last week with low expectations but was deemed a success due to open discussions on key concerns.
- EU's trade deficit with China, which was nearly €400 billion last year, is a significant issue, with China's exports to the EU drastically expanding in recent years.
- Political tensions persist, but the EU and China have aligned interests in tackling climate change and can potentially collaborate on green technologies.
- China must halt export of dual-use technologies to Russia, facilitate European imports and investments with greater market access, and collaborate on climate change and sustainable development in Africa.
- Despite political differences, both EU and China are urged to work together to uphold their responsibilities to build a better world.