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China and EU agree to explore two-way investment, see big potential in new energy and AI
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On October 10, the head of the Ministry of Commerce's Europe Department interpreted the results of the second regular meeting of the China-EU Trade and Investment Consultation Mechanism. Both sides reviewed the previously reached general guidance document on price commitments for the electric vehicle anti-subsidy case, and the EU side stated it will actively advance the enterprise price commitment and review procedures related to the EV case. The two sides expressed a positive outlook on future cooperation, believing that China and the EU have huge cooperation potential in fields such as new energy, artificial intelligence, services trade, digital economy, and green low-carbon development, and can further explore new opportunities and expand new space. Both sides agreed to explore two-way investment cooperation. China reiterated its welcome for EU enterprises to invest and operate in China, pledging to continuously improve the business environment, while expecting the EU to create a fair, transparent, and predictable business environment for Chinese enterprises, effectively safeguard the legitimate rights and interests of Chinese companies, and enhance the confidence and expectations of Chinese enterprises investing and operating in Europe.
Source report
October 10 — The head of the European Affairs Department of China's Ministry of Commerce provided an overview of the outcomes from the second regular meeting of the China-EU Trade and Investment Consultation Mechanism.
The two sides reviewed the previously agreed general guidance document on price commitments in the electric vehicle (EV) anti-subsidy case. The EU side stated that it will actively advance the procedures related to corporate price commitments and the review process for the EV case.
Looking ahead, both sides expressed a positive outlook on future cooperation, recognizing significant potential for collaboration in areas such as new energy, artificial intelligence, services trade, the digital economy, and green and low-carbon development. They agreed to further explore new opportunities and expand areas of cooperation.
The two sides also agreed to discuss two-way investment cooperation. China reiterated its welcome for EU enterprises to invest and operate in the country, pledging continued efforts to improve the business environment. At the same time, China expressed the expectation that the EU will create a fair, transparent, and predictable business environment for Chinese enterprises, effectively safeguard their legitimate rights and interests, and enhance their confidence and expectations for investment and operations in Europe.
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domesticEastern