BANGKOK, (Reuters) – A deal halving Chinese hybrid car imports into Europe will have to be followed by the rebalancing of trade in other sectors and better access to the Chinese market for the EU, European Economic Commissioner Valdis Dombrovskis said on Wednesday.
Dombrovskis said the hybrid car deal, struck by EU Trade Commissioner Maros Sefcovic in China last week, was the result of a more determined approach after Europe’s trade deficit with China reached an unsustainable €1 billion a day last year. Continue reading “After hybrid car deal, EU needs to rebalance China trade in other sectors, Dombrovskis says”