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EU to seek 'more balanced' China trade relationship, commissioner candidate Šefčovič says

( October 23, 2024, 00:02 GMT | Official Statement) -- MLex Summary: The EU will prioritize "robust and coherent" use of its policy tools against unfair trade and in support of economic security over the next five years, Maroš Šefčovič, the European Commissioner-designate for trade, has told lawmakers. In written answers to the European Parliament ahead of a confirmation hearing next month, he pledged to "work towards a more balanced and reciprocal trade relationship" with China, addressing concerns over unfair competition and "overcapacities that are distorting global markets and supply chains." Šefčovič said engagement with China would "require continuous dialogue" as well as the "strategic use" of policy instruments. Question and answer document attached:...

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