Hey there! 👋 Did you hear the big news about China and the European Union (EU)? They are joining hands to make global trade fairer for everyone! 🌍🤝
China’s Commerce Minister, Wang Wentao, had an important video call with the EU’s Trade Commissioner, Maros Sefcovic. They talked about how they can work together to make trading goods and services between countries better and easier. Isn’t that cool? 😎
They are especially focused on making sure everyone follows the rules set by the World Trade Organization (WTO). The WTO is like a big global referee that helps countries trade fairly with each other. 🏀🌐
Both China and the EU are a bit worried about some new tariffs (that’s like extra taxes) that the United States has put on certain goods. They believe these tariffs aren’t fair and can hurt global trade. They want to make sure trade is free and fair, so everyone benefits! 🎯
So, what’s next? They agreed to start talking about ways to open up markets more. This means they want to make it easier for companies in China and the EU to do business with each other. For example, they plan to discuss prices for electric cars 🚗⚡ and ways to invest in each other’s auto industries.
They also want to restart a special talk called the “China-EU trade remedy dialogue mechanism.” It’s a fancy way of saying they want to solve any trade problems together before they become big issues. 😊
By working together, China and the EU hope to bring more stability and certainty to global trade. That means more countries playing by the same rules and fewer surprises! 🎉
Isn’t it amazing when countries team up to make the world a better place? Maybe one day you’ll be part of making big decisions like these! 🌟
Reference(s):
China, EU vow joint efforts to uphold multilateral trading system
cgtn.com
