The EU executive team including Sejourne will hold a special debate next Friday on how the 27-nation bloc should approach China to level the playing field.
European Union flags flutter on the day European Central Bank (ECB) President Christine Lagarde speaks to reporters following the Governing Council's monetary policy meeting in Frankfurt, Germany, on Sept. 12, 2024. (Reuters/Jana Rodenbusch)
The European Union must rebalance its trade relationship with China, the bloc's industry chief said Friday, as Brussels renews its focus on commerce ties with Beijing.The European Union's goods trade deficit with China hit some 360 billion euros (US$418 billion) last year, and calls are growing to address the imbalance.
"Openness to trade, which is in Europe's DNA, remains a priority for us," vice president Stephane Sejourne said, but there needs to be "a rebalancing of trade, given that we currently have a deficit of over 360 billion euros with China".
The EU executive team including Sejourne will hold a special debate next Friday on how the 27-nation bloc should approach China to level the playing field.
