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China and EU Business Chambers Hold Roundtable Dialogue in Brussels

Representatives from Chinese and European business chambers met in Brussels to discuss expanding shared economic interests and steering bilateral trade toward upward balance.

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Illustrative image: UBTZ 2TE116UM-022 Cagaan Had - Sumangijn Zoo
Illustrative image; not a photograph of this reported event. Kabelleger / David Gubler via Wikimedia Commons, CC BY-SA 4.0

The Brief

China News Service reported that the China Chamber of Commerce to the EU and the European Union Chamber of Commerce in China hosted a roundtable dialogue in Brussels on October 29. The meeting focused on expanding common economic and trade interests while promoting forward development and upward balance in China-European Union trade. The closed-door event gathered nearly one hundred political and commercial figures, according to a notice released by the China Chamber of Commerce to the EU on October 30. Business delegates represented sectors encompassing finance, energy, manufacturing, technology, law, and consulting. Cai Run, head of the Chinese Mission to the EU, noted that the second regular meeting of the China-EU trade and investment consultation mechanism reached 16 consensus outcomes. Cai stated that both sides should uphold their partnership positioning, resolve frictions through consultation, and respect core interests. Liu Jiandong, chairman of the China Chamber of Commerce to the EU and chairman of Bank of China (Europe) Limited, remarked that trade balance figures do not fully capture bilateral economic value. Liu highlighted the importance of investments, local employment, research, skills training, and consumer advantages gained through innovation. Participants discussed market access, industrial coexistence, digital and green transitions, and service trade during the roundtable discussions. China Chamber of Commerce to the EU Secretary-General Fang Dongkui stated that Chinese companies in Europe hope future cooperation focuses on upward balance, joint rule-making, and shared value.

Key Takeaways

  • 1Chambers of commerce from China and the European Union met in Brussels to foster upward trade balance.
  • 2The second regular meeting of the bilateral trade and investment consultation mechanism produced 16 consensus outcomes.
  • 3Nearly one hundred political and corporate delegates across finance, energy, manufacturing, and tech attended the closed-door session.

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