On Monday (16 July), the EU-China Summit concluded in Beijing with the publication of an extensive joint statement. The joint statement focused on the EU and China’s commitment to an open world economy with the World Trade Organization (WTO) at its core.
The two largest economic powers in the world alongside the United States thus expressly showed their commitment to an open and rules-based trade order and to facilitating transnational investments. Both sides firmly believe that globalisation can only be made balanced, inclusive and beneficial to as many people as possible through further opening and connectivity.
In concrete terms, both sides agreed, among other things, that they would not tackle the problem of steel overcapacity through unilateral protectionist measures but would instead find joint answers in the Global Forum on Steel Excess Capacity.
The EU and China also want to work more closely together in their Strategic Partnership. Both sides underlined their conviction that multilateral institutions and the upholding of international law are the prerequisites for peace and security. Accordingly, the EU and China recognise the United Nations and its organs as guarantors of a rules-based international order.
China and the EU want to increase and coordinate their support to the peace processes in Afghanistan, Libya and Syria. Both sides also affirmed their commitment to upholding the international nuclear agreement with Iran (JCPOA) and called on all parties to implement all relevant resolutions by the UN Security Council on resolving the conflict on the Korean Peninsula peacefully, including complete denuclearisation.
China and the EU also agreed to continue their regular exchange on human rights issues at the bilateral level and in the context of the UN human rights mechanisms. Alongside economic opening and political cooperation, human rights issues thus remain a permanent part of the dialogue between the EU and China.