Trade Commissioner Sefcovic: Held substantive talks with China's Wang; Talks were intensive, focused, and constructive; Restates that C

His objective has been to balance the trade relationship between EU and China - - We're launching today trade and investment consultations; Agreed to set up a joint monitoring system for trade - - Reassured that rare earth controls won't disrupt EU supply - - We identified four strands trade and investment balancing, export controls, intellectual property rights, and WTO reform - - Will travel to Beijing this autumn to assess program, with results possibly announced by Oct - - Saw much more understanding from China than before - - EU and China have agreed to immediately set up a joint monitoring mechanism of trade flows as a tool to help balance our trade - - - Joint statement from Sefcovic/Wang: EU and China agree that increased market access measures can help balance trade