On October 10, the head of the European Department at the Ministry of Commerce provided insights into the outcomes of the second regular session of the China-EU trade and investment consultation mechanism. During the meeting, both sides conducted a thorough review of the overarching guidance document concerning price undertakings in the electric vehicle anti-subsidy case. The European Union (EU) pledged to expedite the price undertakings and streamline the review processes for the enterprises involved.

Recognizing the immense untapped potential, both China and the EU acknowledged significant opportunities for collaboration in key sectors such as new energy, artificial intelligence (AI), service trade, digital economy, and green, low-carbon development. They agreed to delve deeper into these areas, seeking innovative ways to foster mutual growth and progress.

Furthermore, the two sides expressed a shared commitment to exploring two-way investment cooperation. China extended a warm welcome to EU companies, encouraging them to invest in the Chinese market. In return, China reaffirmed its dedication to continuously enhancing the business environment to facilitate smoother operations for foreign investors.

Simultaneously, China urged the EU to reciprocate by fostering a fair and equitable business environment for Chinese companies operating in Europe. This, China believes, would effectively safeguard the legitimate rights and interests of Chinese enterprises and bolster their confidence in investing in the European market.