Can the EU de-risk from China and make its trade relationship sustainable?
Can the EU de-risk from China and make its trade relationship sustainable?
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EU Commissioners met to discuss strategies to protect European industries from increasing Chinese imports, recognizing the unsustainable nature of current trade relations. They proposed a de-risking strategy to reduce reliance on China while maintaining trade relations. The EU's over-dependence on Chinese supply chains poses competitiveness and security risks, particularly in critical sectors like clean energy and technology. The meeting marks a shift in perspective, viewing dependence on China as a broader issue beyond trade. Concrete proposals are expected following the upcoming EU leaders' summit, with a focus on diversifying supply chains and enhancing domestic production capabilities.