Sino-European Trade Continues To Grow Against The Trend(part Four)

Zhang Jianping is optimistic about the future growth prospects of Sino-European trade. He further analyzed that, as an advanced economy, the EU market is mature and demand is relatively stable. It is highly dependent on the supply of Chinese mechanical and electrical products and final consumer goods. At the same time, the Chinese market also favors European branded products, high-tech products and specialty agricultural products. The completion of the negotiations on the China-EU Investment Agreement as scheduled and the official entry into force of the China-EU Geographical Indications Agreement will effectively promote the further connection and complementarity, cooperation and interaction of the supply chains of the two parties, and mutual investment will also stimulate bilateral trade.

Bai Ming said that China's manufacturing industry is accelerating its transformation and upgrading, and Europe's high-end manufacturing industry is developed. In addition to traditional complementary advantages, China and Europe will continue to expand their complementary methods in the future, and there will be more and more opportunities for cooperation. The formal entry into force of the China-EU Geographical Indication Agreement will promote the development of bilateral trade in geographical indication products. Geographical indication products are often related to trademarks and intellectual property rights. The implementation of the agreement will not only promote the expansion of trade between the two parties, but also create favorable conditions for their well-known brand products to gain more room for growth in the other's market and win more consumer recognition.