EU to Discuss Cutting More Than €1 Billion-a-Day Trade Deficit With China, Rare Earth Export Curbs on Agenda
JH Kim
Summary
- The European Union will begin talks to reduce its trade deficit with China, which exceeds €1 billion a day.
- The EU plans to discuss ways to narrow its trade imbalance with China through talks taking place in Beijing.
- The two sides will also discuss China’s rare earth export restrictions, though no details have been disclosed about the outcome of the talks or whether any agreement was reached.
Forecast Trend Report by Period
The European Union will hold talks with China aimed at narrowing a trade deficit of more than €1 billion a day. China’s restrictions on rare earth exports are also on the agenda.
Cointelegraph reported on October 7 that the EU plans to discuss ways to reduce its trade imbalance with China in talks being held in Beijing.
The EU’s trade deficit with China currently exceeds €1 billion a day.
The two sides are also set to discuss China’s restrictions on rare earth exports. No details have been disclosed about the outcome of the talks or whether any agreement was reached.
JH Kim
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