BusinessEurope calls for greater reciprocity in the bilateral economic relationship with China

“The business community expects pragmatism, reform, openness, reciprocity, and cooperation”, President Emma Marcegaglia told policy-makers at the 6th EU-China High Level Economic Dialogue hosted by European Commission Vice-President Jyrki Katainen and Chinese Vice-Premier Ma Kai. “China and Europe need to work together and reciprocate in terms of openness because businesses operate in a global ecosystem”, she continued. In an era of increased economic uncertainty, China and Europe need to reflect on how each can be a source of stability and prosperity for the other, and for the world. BusinessEurope remains committed to the global rules-based trading system, but we have to demonstrate that trade makes sense and that trade delivers jobs and growth. This is a key area where Europe and China need to work together, particularly in the context of the WTO.