Tag

Maros Sefcovic

All articles tagged with #maros sefcovic

EU-China Trade Talks Face Critical Test as Parliament Demands Tougher Measures

European Parliament members voted overwhelmingly for a resolution demanding tougher action against China, citing economic coercion and support for Russia. Simultaneously, EU Trade Commissioner Maroš Šefčovič arrived in Beijing for high-stakes negotiations aimed at rebalancing a trade deficit that now exceeds €1 billion daily. The talks focus on Chinese export surges, particularly in hybrid vehicles, and restrictions on critical raw materials, with Brussels considering new retaliatory tools if Beijing does not offer concrete concessions.

via Euronews.com|

#anti-coercion-instrument #eu-china-trade #european-parliament

economy2 days ago•1 min saved

EU-China Trade Talks Kick Off in Beijing as Brussels Prepares Rapid Response Tools

EU Trade Commissioner Maros Sefcovic began two-day talks in Beijing with Chinese Commerce Minister Wang Wentao to address a trade deficit exceeding €1 billion daily and restrictions on rare earth exports. The negotiations occur as the European Commission seeks to implement a new, rapid-response trade defense mechanism proposed by Germany and France, while China rejects voluntary curbs on hybrid car exports and warns against protectionist measures.

via Al Jazeera|

#economy #eu-china-trade #maros-sefcovic

trade4 days ago•4 min saved

Merz and Macron Push for Rapid EU Trade Sanctions to Counter China

German Chancellor Friedrich Merz and French President Emmanuel Macron have urged the European Commission to adopt new, faster trade defense mechanisms to counter economic threats, primarily from China. Their joint letter argues that existing tools are insufficient and proposes a 'second-strike' instrument that would allow Brussels to restrict or cut off imports without requiring a qualified majority from member states. This move aims to empower Trade Commissioner Maroš Šefčovič ahead of critical negotiations in Beijing and an EU summit in October.

via politico.eu|

#china-eu-relations #emmanuel-macron #eu-trade-policy

international-trade7 days ago•1 min saved

Beijing Launches Chemical Probe as EU Trade Deadline Looms

China has initiated an anti-dumping investigation into European exports of p-nitrotoluene, a chemical used in dyes and pharmaceuticals. This move occurs just days before EU Trade Commissioner Maroš Šefčovič travels to Beijing for critical talks aimed at resolving a €1 billion daily trade deficit. The probe follows a surge in EU trade defense actions and precedes a deadline set by Brussels for tangible results from Beijing.

via Euronews.com|

#anti-dumping #eu-china-trade #international-trade

international-trade7 days ago•1 min saved

EU Trade Chief Warns China Talks Stalled Ahead of Critical October Deadline

EU Trade Commissioner Maroš Šefčovič admitted that months of 'tough' negotiations with China have not yet yielded a deal, despite urgent pressure from European leaders. With a €1 billion daily trade deficit driving industrial closures in Europe, Šefčovič is traveling to Beijing on October 8 for a 'super crucial' meeting with Chinese Commerce Minister Wang Wentao. The EU seeks concrete results by October 15 to present to leaders in Brussels, threatening unilateral restrictions on Chinese imports if talks fail. Key issues include curbing Chinese export surges, boosting EU exports to China, and resolving rare earth supply curbs. While China has signaled willingness to discuss these topics, it has warned against punitive measures, creating a high-stakes diplomatic standoff.

via politico.eu|

#eu-china-trade #g20 #international-trade

global-trade10 days ago

Beijing Threatens Retaliation as EU Weighs Section 301-Style Trade Barriers

China’s commerce ministry warned the European Union it will respond firmly if Brussels introduces restrictions on Chinese businesses or products. This warning precedes high-level talks in Beijing next week, where EU Trade Commissioner Maros Sefcovic seeks concrete results to reduce the bloc’s record trade deficit with China by October. European officials are reportedly finalizing a joint paper from Germany and France that calls for a new tool to cut off Chinese access to the EU market within 24 hours, mirroring U.S. Section 301 authorities. Beijing argues such unilateral measures violate World Trade Organization rules and undermine mutual trust, while European leaders face pressure to address a trade imbalance that recently surpassed the U.S. deficit.

via CNBC|

#china-eu-trade #eu-section-301 #global-trade

world4 months ago•3 min saved

EU seeks US-style push in China talks to curb trade deficit

EU Trade Commissioner Maroš Šefčovič says Brussels should adopt a more intense, US-style approach to talks with China to tackle an unsustainable trade deficit, after a Paris meeting with Li Chenggang. He advocates deeper, coordinated negotiations and cites the EU’s roughly €360 billion goods deficit with China in 2025, with discussions to continue at upcoming EU and G7 meetings, emphasizing incremental, non-confrontational steps over escalation.

via politico.eu|

#china-eu-negotiations #eu-china-trade #maros-sefcovic

business8 months ago•3 min saved

EU-India deal near: 'mother of all deals' to open Indian market to Europe

EU trade chief Maroš Šefčovič says negotiations for a free-trade agreement with India are in the final stretch, calling it the 'mother of all deals' that would open India's 1.4‑billion-strong market (and potentially a 2‑billion-people zone) to European exports and services, reduce tariffs (some up to 150%), keep the most sensitive sectors outside the pact, boost the roughly 6,000 European firms already operating in India, and support EU diversification amid global turmoil, though sustainability issues like the EU carbon border tax remain a hurdle.

via Euronews.com|

#business #eu-india #european-exporters