Message for EU-China Summit: De-risk while remaining engaged
China is one of the EU’s major trading partners, but the relationship is facing increasing challenges. It is important to address these issues, especially the unbalanced market access and the heavy subsidisation in China that leads to market distortions and overcapacities.
Ahead of the EU-China Summit that takes place this week in Beijing, BusinessEurope Director General Markus J. Beyrer addressed President of the European Commission Ursula von der Leyen and President of the European Council Charles Michel in a letter outlining the main priorities for European business. Our trade and investment relations remain
characterised by significant asymmetries, including a lack of reciprocity in market access and an uneven playing field in some sectors. The EU’s trade deficit with China has more than doubled since 2020 and stands now at €400bn. While the risk of over-dependency is fully recognised, we cannot afford to disengage from the Chinese market.
Director General Markus J. Beyrer spoke at the press conference organised by our Italian member federation Confindustria to mark the official start of the B7 Italy, chaired by Emma Marcegaglia.
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Quote of the week
“The ecodesign regulation has the potential to create a strong market for circular products and accelerate the transition, but concerns remain about the feasibility of information requirements.”
Markus J. Beyrer’s reaction to the deal on Ecodesign for Sustainable Products Regulation, AFP / La Croix
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