The 24th European Union (EU) - China summit took place on 7 December 2023 in Beijing, where President of the European Commission, Ursula von der Leyen and President of the European Council, Charles Michel, met with China’s President, Xi Jinping and Premier, Li Qiang.
The one-day gathering featured discussions on various key topics, including foreign policy, trade, economy, climate, and technology.
During the event, the EU highlighted the importance of achieving more balanced and mutually beneficial market access for the products of its 27 member countries.
Recently, the European Union and China agreed to set up a clarification mechanism, intended to help European companies comply with Chinese laws. This move paves the way for in-depth discussions on digital regulation, artificial intelligence, and ICT standards.
China is the EU's main trading partner, while the European Union is the second largest trading partner for China.
According to the latest Chinese Customs data, China exported USD 458.5 billion worth of goods to the EU during the first 11 months of 2023 and imported USD 257.8 billion in the same period.