China, EU launch trade and investment consultation mechanism

CHINA and the European Union have officially established a new trade and investment consultation mechanism, with the two sides holding its inaugural meeting on Monday in Brussels, where four initial workstreams were identified, according to a joint statement released on Tuesday. During the first meeting, both parties identified four priority workstreams: trade and investment balancing, export controls, intellectual property rights and World Trade Organization reform. China’s Minister of Commerce Wang Wentao, and European Commissioner for Trade and Economic Security Maros Šef?ovi? co-chaired the meeting, engaging in comprehensive, in-depth and constructive discussions on key bilateral economic and trade issues, the Ministry…