China, EU agrees to maintain global supply chain stability, continue consultations on trade, and solve some intellectual property issue

On June 29th, 2026, China's Minister of Commerce Wang Wentao co-chaired the first meeting of the China-EU Trade and Investment Consultation Mechanism at the EU headquarters with European Commission Trade and Economic Security Commissioner Shevčović followed by an issuance of a joint-statement afterwards. Both sides reportedly held "comprehensive, in-depth, and constructive discussions" on important China-EU economic and trade issues, confirmed the formal establishment of the China-EU Trade and Investment Consultation Mechanism which included four major sections including, trade and investment balance, export control, intellectual property, and the WTO, and set up a joint monitoring mechanism. - - The two sides exchanged market access lists and agreed to promote the gradual resolution of their respective concerns. Both parties fully affirmed the positive progress made on the China-EU export control dialogue, furthering to strengthen dialogue, and agreed to take facilitation measures to maintain the stability of global production and supply chains. Both sides then went on to further strengthen cooperation and exchanges within the framework of intellectual property and the WTO framework. - - Statement: - - **Reminder earlier: (EU) Trade Commissioner Sefcovic: Held substantive talks with China's Wang; Talks were intensive, focused, and constructive; Restates that China-EU trade trends are not sustainable