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☆ China-EU relationship is at a crossroads, top official says in Beijing
▼ + stars: | 2023-09-25 | by ( Silvia Amaro | ) www.cnbc.com time to read: +2 min

It is a make-or-break moment for China's relationship with the European Union, as the bloc's trade chief asks for more openness and fairness from Beijing. "Last year, the EU registered record bilateral trade with China of 865 billion euros ($921 billion). While the EU argues that Chinese support to EVs is creating distortions in the European market, Beijing authorities criticize what they described as "protectionist" views from Brussels. This means minimising our strategic dependencies for a select number of strategic products. Acting in a proportionate and targeted way to maintain our open strategic autonomy," Dombrovskis clarified in a speech in Shanghai.

Persons: Dombrovskis Organizations: European Union, European Commission, Tsinghua University, EU Locations: Beijing, China, Shanghai, Brussels, Dombrovskis

REUTERS/Aly Song/File Photo Acquire Licensing RightsSept 26 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Goldman Sachs' financial conditions indexes for China and emerging markets at large are the highest in almost a year. In China, meanwhile, the property sector is back under the spotlight after shares of property developer Evergrande tumbled 21% on Monday on renewed uncertainty about the firm's debt restructuring. The broader property sector index fell 2.5%. Evergrande shares, but the company is systemically important - it is the world's most indebted developer and the property sector accounts for roughly a quarter of China's economy.

Persons: Aly, Jamie McGeever, Goldman Sachs, Evergrande, Valdis Dombrovskis, Fed's Neel Kashkari, Josie Kao Organizations: China Evergrande Group, REUTERS, U.S, Treasury, Global, Deutsche Bank, Barclays, Union, Thomson, Reuters Locations: Danzhou, Hainan province, China, Asia, Japan, U.S, Beijing, Singapore

Dombrovskis, who is also the bloc's trade commissioner, is on a four-day visit to China seeking more balanced economic ties with the EU. Citing the bloc's trade deficit as an example, he added "the EU also needs to protect itself in situations when its openness is abused." LITMUS TESTThe EU blames its 400 billion euro trade deficit partly on Chinese restrictions on European companies. A "thousand" barriers to market access have propelled the trade deficit to its "highest in the history of mankind", EU Ambassador to China Jorge Toledo lamented at a forum in Beijing on Thursday. One with whom the EU wishes to work towards a more balanced trade and investment relationship."

Persons: Valdis Dombrovskis, Jason Xue, Dombrovskis, China Jorge Toledo, Lifeng, Moscow, Brenda Goh, Albee Zhang, Shri Navaratnam, William Mallard Organizations: European Commission, Reuters, REUTERS, Rights, European Union, Bund Summit, EU, Global Times, Thomson Locations: Shanghai, China, Moscow, Russian, Ukraine, Beijing, Dombrovskis

☆ EU trade chief seeks more balanced economic ties on China visit
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +3 min

Trade Commissioner Valdis Dombrovskis will take part in a joint economic and trade dialogue, meet Chinese officials and European companies active in China and deliver two speeches during his Sept. 23-26 trip to Shanghai and Beijing. For the European Union, the visit is designed to renew dialogue with China after its COVID-19 closure and as EU wariness grows over Beijing's closer ties with Moscow following Russia's 2022 invasion of Ukraine. The EU blames its 400 billion euro ($426.32 billion) trade deficit partly on Chinese restrictions on European companies and says the EU market is largely open. The European Union Chamber of Commerce in China said in a report on Wednesday that Chinese authorities were sending contradictory messages to foreign businesses. The EU is also expected to be asked during the visit to clarify what it means by "de-risk" in the context of China.

Persons: Valdis, Francisco Seco, Valdis Dombrovskis, Dombrovskis, Philip Blenkinsop, Barbara Lewis Organizations: European Commission, Rights, Beijing, Trade, European Union, EU, European Union Chamber of Commerce, Thomson Locations: Brussels, Belgium, Rights BRUSSELS, China, Shanghai, Beijing, Moscow, Ukraine, EU

☆ China, EU to hold high-level economic and trade dialogue in Beijing
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: 1 min

An attendant walks past EU and China flags ahead of the EU-China High-level Economic Dialogue at Diaoyutai State Guesthouse in Beijing, China June 25, 2018. REUTERS/Jason Lee/File photo Acquire Licensing RightsBEIJING, Sept 21 (Reuters) - The 10th China-European Union High-Level Economic and Trade Dialogue will be held in Beijing on Sept. 25, the Chinese commerce ministry said on Thursday. Chinese Vice-Premier He Lifeng will co-chair the meeting with European Commissioner for Trade Valdis Dombrovskis. Reporting by Joe Cash, Albee Zhang and Ethan Wang; Editing by Neil Fullick and Himani SarkarOur Standards: The Thomson Reuters Trust Principles.

Persons: Jason Lee, Lifeng, Joe Cash, Albee Zhang, Ethan Wang, Neil Fullick, Himani Organizations: REUTERS, Rights, European, Trade Valdis, Thomson Locations: China, EU, Beijing, Rights BEIJING

EU fiscal rules underpin the value of the euro used by 20 countries and set a limit on budget deficits of 3% of GDP and a public debt limit of 60% of GDP. However, most EU countries exceed these limits as two years of the COVID-19 pandemic and the energy price crisis have both required massive government spending. The main clash is between Germany, which wants annual debt reduction benchmarks that are the same for all, and France, which believes individually negotiated debt reduction paths are the way to go and that one-size-fits-all policies do not work. She said 70% of the text of the new rules has been agreed in technical work over the summer. Reporting by Maria Martinez, Belen Carreno and Jan Strupczewski, writing by Jan Strupczewski; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Valdis Dombrovskis, Dombrovskis, James, Nadia Calvino, Calvino, Maria Martinez, Belen Carreno, Jan Strupczewski, Jason Neely Organizations: SANTIAGO DE, Union, Saturday, Spanish, Thomson Locations: SANTIAGO, SANTIAGO DE COMPOSTELA, Spain, Spanish, Santiago, Santiago de Compostela, Germany, France, Ukraine

☆ Poland, Hungary, Slovakia to introduce own bans on Ukraine grains
▼ + stars: | 2023-09-16 | by ( ) www.cnbc.com time to read: +2 min

Poland, Slovakia and Hungary announced their own restrictions on Ukrainian grain imports on Friday after the European Commission decided not to extend its ban on imports into Ukraine's five EU neighbors. The European Union in May stepped in to prevent individual countries imposing unilateral bans and imposed its own ban on imports into neighboring countries. Under the EU ban, Ukraine was allowed to export through those countries on condition the produce was sold elsewhere. The EU allowed that ban to expire on Friday after Ukraine pledged to take measures to tighten control of exports to neighboring countries. EU Trade Commissioner Valdis Dombrovskis said on Friday countries should refrain from unilateral measures against imports of Ukrainian grain, but Poland, Slovakia and Hungary immediately responded by reimposing their own restrictions on Ukrainian grain imports.

Persons: Valdis Dombrovskis, reimposing, Terry Reilly Organizations: European Commission, European Union, EU, Ukraine Locations: Kramatorsk, Donetsk region, Ukraine, Poland, Slovakia, Hungary, Black

☆ Poland, Slovakia, and Hungary to defy EU and extend ban on Ukrainian grain imports
▼ + stars: | 2023-09-16 | by ( Niamh Kennedy | ) edition.cnn.com time to read: +2 min

CNN —Poland, Hungary, and Slovakia will defy the European Union and extend a temporary ban placed on Ukrainian grain imports, in a move likely to anger the bloc’s leadership. On Friday, the EU announced plans to suspend a temporary ban placed on the export of Ukrainian grain to a select number of countries in Eastern Europe. The temporary measure adopted in May saw a ban placed on the imports of Ukrainian wheat, maize, rapeseed and sunflower seed to Bulgaria, Hungary, Poland, Romania, and Slovakia to counter the risk of farmers in these countries being undercut by a bottleneck of cheap Ukrainian grain. “We will extend this ban despite the European Union’s disagreement,” Prime Minister Morawiecki said, according to Polish state news agency PAP. Earlier Friday, European Commission Executive Vice-President Valdis Dombrovskis called on countries to “work along the lines” of the new agreement and “refrain from unilateral measures” on Ukrainian grain imports.

Persons: Volodymyr Zelensky, Mateusz Morawiecki, “, Morawiecki, der Leyen, Tusk, Weber, ” Morawiecki, Alexander Ermochenko, Piotr Muller, Viktor Orban, ”, ” Orban, Valdis Dombrovskis Organizations: CNN —, European Union, EU, ”, country’s, Twitter, Slovakia’s Ministry of Agriculture, Facebook Locations: CNN — Poland, Hungary, Slovakia, Eastern Europe, Bulgaria, Poland, Romania, Ukraine, Berlin, Zaporizhzhia, Russian, Africa, Brussels

But the flood of grains and oilseeds into neighbouring countries reduced prices there, impacting the income of local farmers and resulting in governments banning agricultural imports from Ukraine. The European Union in May stepped in to prevent individual countries imposing unilateral bans and imposed its own ban on imports into neighbouring countries. Under the EU ban, Ukraine was allowed to export through those countries on condition the produce was sold elsewhere. EU Trade Commissioner Valdis Dombrovskis said on Friday countries should refrain from unilateral measures against imports of Ukrainian grain, but Poland, Slovakia and Hungary immediately responded by reimposing their own restrictions on Ukrainian grain imports. Farmers in the five countries neighbouring Ukraine have repeatedly complained about a product glut hitting their domestic prices and pushing them towards bankruptcy.

Persons: Cernat, Valdis Dombrovskis, reimposing, Terry Reilly, Volodymyr Zelenskiy, Robert Telus, Julia Payne, Alan Charlish, Jan Lopatka, Karol Badohal, Boldizsar, Pavel Polityuk, Luiza Ilie, Tom Polansek, Nina Chestney, Simon Webb, David Evans, Alistair Bell, Grant McCool Organizations: REUTERS, European Commission, European Union, EU, Ukraine, Facebook, EU Commission, Farmers, Solidarity, Thomson Locations: Black, Constanta, Romania, Ukraine, BRUSSELS, WARSAW, Poland, Slovakia, Hungary, Russia, EU, Bulgaria, Russian, Romanian, Prague, Warsaw, Budapest, Kyiv, Bucharest, Chicago

Hungary imposed a national import ban on 24 Ukrainian agricultural products, including grains, vegetables, several meat products and honey, according to a government decree published on Friday. Slovakia's agriculture minister followed suit announcing its own grain ban. EU PLEAEU Trade Commissioner Valdis Dombrovskis said on Friday countries should refrain from unilateral measures against imports of Ukrainian grain. Poland, Hungary and Slovakia previously said they may extend the restrictions unilaterally while Bulgaria on Thursday voted to scrap the curbs. In August, about 4 million tonnes of Ukraine grains passed through the Solidarity Lanes of which close to 2.7 million tonnes were through the Danube.

Persons: Cernat, Mateusz Morawiecki, Waldemar Buda, Valdis Dombrovskis, Volodymyr Zelenskiy, Julia Payne, Alan Charlish, Jan Lopatka, Karol Badohal, Boldizsar, Luiza Ilie, Nina Chestney, David Evans, Alistair Bell, Grant McCool Organizations: REUTERS, European Commission, European Union, EU, EU Commission, Ukraine, Farmers, Solidarity, Thomson Locations: Black, Constanta, Romania, Ukraine, BRUSSELS, WARSAW, Poland, Slovakia, Hungary, Bulgaria, Elk, Russia, EU, Russian, Romanian, Prague, Warsaw, Budapest, Bucharest

☆ EU Trade Commissioner: Russia is using food as a 'weapon of war'
▼ + stars: | 2023-08-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEU Trade Commissioner Dombrovskis: Russia is using food as a 'weapon of war'Russia is using food as a weapon of war, EU Trade Commissioner Valdis Dombrovskis told CNBC, adding that the EU was supporting diplomatic efforts to restore the Black Sea trade deal as well as provide alternative export routes for Ukrainian grain.

Persons: Valdis Dombrovskis Organizations: EU, CNBC Locations: Russia

SYDNEY, Aug 24 (Reuters) - Australia's Trade Minister Don Farrell has dangled easier access to the country's vast critical minerals sector as part of negotiations over a free trade agreement with the European Union ahead of possible further talks as soon as next week. Farrell told Reuters in an interview on Thursday that a free trade agreement would simplify European investment in the country's burgeoning critical minerals sector, in part by smoothing access through mandatory Foreign Investment Review Board (FIRB) screening. "One of the big advantages we've got in this relationship is our access to critical minerals, rare earths, hydrogen and ammonia," Farrell said. "Other countries are looking to invest in our critical minerals and other renewables. Australia was an especially attractive place for critical minerals investment from the United States under U.S. Inflation Reduction Act rules because it was one of the few countries to have both mineral deposits and a free trade agreement with the U.S., said Farrell.

Persons: Don Farrell, Farrell, China, we've, they've, Annalena Baerbock, teleconference, Dombrovskis, Lewis Jackson, Kirsty Needham, Michael Perry Organizations: SYDNEY, Australia's Trade, European Union, Reuters, Investment, Board, Foreign, U.S, EU, Trade, Thomson Locations: Australia, Germany, China, Sydney, Europe, Japan, South Korea, Singapore, United States

[1/2] Pedestrians walk on an overpass near skyscrapers at the Central Business District (CBD) in Beijing, China August 21, 2023. China's prolonged economic slowdown this year comes amid weakening demand both at home and globally, a property crisis and rising unemployment. "China will continue to expand market access, comprehensively optimise the business environment ... and protect the rights and interests of entrepreneurs in accordance with the law." Eskelund, who is also Chief Representative for Danish shipping giant Maersk in Greater China and Northeast Asia, said: "I think China is evolving. This has come as European leaders have also emphasised derisking their economic ties with China.

Persons: Florence Lo, Jens Eskelund, crackdowns, Eskelund, Valdis, Laurie Chen, Shri Navaratnam Organizations: Central Business, REUTERS, European Chamber of Commerce, Reuters, China ., China . European Union, Thomson Locations: Beijing, China, BEIJING, Greater China, Northeast Asia, Danish, China . European

☆ SSAB profit hit flags EU steel's parlous state
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +2 min

LONDON, July 21 (Reuters Breakingviews) - SSAB (SSABa.ST) has kicked off European steelmakers' quarterly earnings season with a profit drama. Poor demand in Europe, declining steel prices and severe rises in energy and production costs are to blame. With steel consumption expected to decrease further in the second half of the year, investors sent SSAB stock down more than 15%. Without a deal, trade tariffs, which have been temporarily frozen, would return in December along with retaliatory measures from the EU. For SSAB, whose heavy plate business in North America was relatively stable during the second quarter, that would take things from bad to worse.

Persons: SSAB, steelmakers, Valdis Dombrovskis, Pamela Barbaglia, whir, George Hay, Streisand Neto Organizations: Reuters, SSAB, European Central Bank, Union, Twitter, Thomson Locations: Europe, U.S, North America

☆ New Zealand, EU ink trade deal that likely goes into effect in 2024
▼ + stars: | 2023-07-09 | by ( Lucy Craymer | ) www.reuters.com time to read: +1 min

WELLINGTON, July 10 (Reuters) - New Zealand and the European Union signed a free trade agreement overnight Sunday after negotiations were completed in 2022, with expectations it will come into force in the first half of 2024. New Zealand's Minister for Trade and Export Growth Damien O’Connor said the trade deal will cut costs and support exporters to grow and diversify their trade. The agreement was signed in Brussels by O’Connor and the EU Executive Vice President and Trade Commissioner Valdis Dombrovskis. The statement added it is anticipated that the NZ-EU FTA will enter into force in the first half of 2024, once both parties complete the final required legal steps. ($1 = 1.6108 New Zealand dollars)Reporting by Lucy Craymer; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

Persons: Damien O’Connor, Cyclone Gabrielle, ”, Valdis Dombrovskis, Lucy Craymer, Lisa Shumaker Organizations: WELLINGTON, European Union, New, Trade, Export, O’Connor, EU, NZ, Zealand, Thomson Locations: New Zealand, Brussels

☆ Australia PM's Germany, NATO trip to focus on trade, security
▼ + stars: | 2023-07-09 | by ( ) www.reuters.com time to read: +2 min

SYDNEY, July 9 (Reuters) - Trade and security will be priorities for Australian Prime Minister Anthony Albanese on a trip this week to meet German Chancellor Olaf Scholz and attend a NATO summit in Lithuania, Albanese's office said. Australia is not a member of NATO but has a decades-long relationship with the Western alliance and attended last year's summit in Madrid as a non-member participant. "Alongside our NATO allies, Australia continues to demonstrate our unwavering support for Ukraine, and our condemnation of Russia’s illegal and immoral invasion," Albanese said in the statement. Last month, Australia promised a new A$110 million ($74 million) package to Ukraine, including 70 military vehicles to defend against Russia's invasion, taking Australia's total contribution for Ukraine to A$790 million ($530 million). Also this week, Australian Trade Minister Don Farrell will travel to Brussels, seeking to advance stalled talks for a free trade agreement between Australia and the EU.

Persons: Anthony Albanese, Olaf Scholz, Scholz, " Albanese, Don Farrell, Valdis, Janusz Wojciechowski, Farrell, Sam McKeith, William Mallard Organizations: SYDNEY, Australian, NATO, Labor, Atlantic, Organization, Ukraine, Australian Trade, EU, European Union, Reuters, Trade, Agriculture, Thomson Locations: Lithuania, Australia, Germany, Lithuanian, Vilnius, Madrid, Russia, Ukraine, Brussels, Sydney

☆ EU’s digital euro plan reflects defensive crouch
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +2 min

A digital euro, he argues, is essential so that the EU does not fall “behind the curve” in global payments, private-label digital currencies and electronic versions of central bank money. Under the proposal, the European Central Bank would have control over who can use the digital euro, how it will be used internationally, and how much people can hold at one time. At the same time, the plan calls for a digital European currency to have an international role, part of efforts to shore up the euro as a global reserve currency. The EU plan calls for the digital euro to be accepted as legal tender almost everywhere, at no cost to ordinary consumers. If there is going to be a digital euro, Europe’s governments and institutions are clear that they, not the private sector, will be in charge.

Persons: Valdis Dombrovskis, Rebecca Christie, Eli Lilly, Aston Martin, George Hay, Oliver Taslic Organizations: Reuters, European Central Bank, U.S . Federal Reserve, Bank of England, EU, ECB, Twitter, Thomson Locations: BRUSSELS

☆ EU, US to weigh China, AI, trade strains at high-level Sweden talks
▼ + stars: | 2023-05-30 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +2 min

U.S. Commerce Secretary Gina Raimondo, Trade Representative Katherine Tai and European Commission vice president and trade chief Valdis Dombrovskis will also take part. China will be a major focus of the meeting, even if the word "China" only features twice in the draft joint statement - on non-market practices and disinformation. The gathering in northern Sweden comes just as the European Commission presents its "Economic Security Strategy", expected to contain measures to prevent rivals such as China gaining access to its most sensitive technology. Brussels wants to see cooperation to boost green trade, such as mutual recognition of products, even though the U.S. and EU do not have and do not plan to forge a free-trade agreement. The EU is seeking progress with the U.S. towards an accord on critical minerals used for electric vehicles.

☆ Deal reached in principle to resume Ukraine grain transit with 5 EU countries
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/IllustrationBRUSSELS, April 28 (Reuters) - The European Commission said on Friday it had reached a deal in principle to allow the transit of Ukrainian grain to resume through five European Union countries that had imposed restrictions. European Commission Vice President Valdis Dombrovskis tweeted that the EU executive had reached "an agreement in principle" with the five countries "to address concerns of both farmers in neighbouring EU countries and Ukraine". The deal also includes a support package worth 100 million euros ($110.25 million) for local farmers, Dombrovskis said. The five countries became transit routes for Ukrainian grain that could not be exported through the country's Black Sea ports because of Russia's February 2022 invasion. Bottlenecks then trapped millions of tons of grains in countries bordering Ukraine, forcing local farmers to compete with an influx of cheap Ukrainian imports that they said distorted prices and demand.

☆ E.U. Extends Tariff Waiver for Ukrainian Grain, Despite Some Protests
▼ + stars: | 2023-04-28 | by ( Matina Stevis-Gridneff | ) www.nytimes.com time to read: +1 min

BRUSSELS — European Union ambassadors agreed on Friday to allow Ukraine’s grains into the bloc free of tariffs for another year, while granting more than $100 million in aid for farmers in neighboring E.U. Four of those countries — Poland, Bulgaria, Hungary and Slovakia — had recently enacted unilateral bans on Ukrainian food imports in an effort to contain the problem. “We have a solution which is addressing the concerns both of farmers in neighboring member states and Ukraine,” Valdis Dombrovskis, the E.U. Mr. Dombrovskis said it would include a financial support package of 100 million euros, or about $110 million, for farmers in neighboring member states, from an E.U. “In return, the neighboring member states will be withdrawing their unilateral measures,” he said, referring to the Ukrainian import bans.

WASHINGTON, April 17 (Reuters) - Just a month after the biggest banking crisis in more than a decade, the world's top economic and financial policymakers gathered in Washington and said surprisingly little about financial system stability - at least publicly. Some officials conveyed a sense that banking system safety was further down the priority list of global economic problems. "But it's still something where we need to stay vigilant and address potential risks which may emerge in our financial system," Dombrovskis told reporters. He added that the European Union's banking system was stable, well capitalized with ample liquidity. But during the IMFC's closed meeting, the possible spillovers from financial stability risks were a main topic, Ukrainian Finance Minister Serhiy Marchenko told Reuters.

☆ EU's Dombrovskis sees some progress on steel, battery minerals talks with U.S.
▼ + stars: | 2023-04-14 | by ( David Lawder | ) www.reuters.com time to read: +2 min

Dombrovskis, the EU's top trade official, told reporters that he could not provide any details on timing for reaching a U.S.-EU deal after Washington and Tokyo's quick agreement in late March. "We're making some progress, but also we're seeing that those are not easy discussions," Dombrovskis said of the minerals talks, adding that the EU was pursuing its own competing subsidies for clean energy technologies. That deal included new U.S. import quotas for specific duty-free volumes of EU steel and launched talks on a global arrangement to combat "dirty" metals production aimed at excluding Chinese capacity. Dombrovskis said, however, that the key parameters from the EU side was that the agreement would have to result in "complete withdrawal" of U.S. tariffs on EU metals as well as the quota arrangement. Creation of a green metals club would also need to be compliant with World Trade Organization rules, he added.

☆ EU's Dombrovskis: U.S.-Japan battery minerals deal a good basis for U.S-EU talks
▼ + stars: | 2023-04-14 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, April 14 (Reuters) - European Commission Executive Vice President Valdis Dombrovskis said on Friday that the bloc was willing to move quickly on a trade agreement with the United States for critical minerals used in electric vehicles and a recent U.S.-Japan deal was a "good basis for discussions." Dombrovskis told reporters he could not provide any details on timing for a U.S.-EU deal after Washington and Tokyo's quick agreement. The U.S. Treasury on Tuesday is expected to reveal which vehicles would see reduced access to U.S. tax credits of up to $7,500 based on their minerals and components content. "We see this U.S.-Japan agreement as a good basis for discussions, a good basis for the decisions and essentially we don't see reasons why we should be treated worse than Japan," Dombrovskis said during International Monetary Fund and World Bank meetings in WashingtonReporting by David LawderOur Standards: The Thomson Reuters Trust Principles.

☆ EU urges firm results, green alliance from US trade talks
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +2 min

BRUSSELS, April 12 (Reuters) - The United States and the European Union need to produce clear results next month from their forum on trade and technology and forge closer ties on green products and technology, European Trade Commissioner Valdis Dombrovskis said on Wednesday. "We should also be aiming to move forward on digital and sustainable trade," Dombrovskis said. The transatlantic partners should, he said, help set common standards for green goods and technologies, ensure fair competition and build resilient supply chains. Dombrovskis said the two should work to align the domestic supports of the IRA and the EU Green Deal, so "turbo-charging" the green transition. In my view, we should be aiming for nothing less than a green transatlantic marketplace," Dombrovskis said.

☆ EU does not want to end communication with China, Dombrovskis says
▼ + stars: | 2023-04-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEU does not want to end communication with China, Dombrovskis saysEuropean Commission Executive Vice President Valdis Dombrovskis said the EU's relationship with China is about "better risk management" and more "diversification."

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