How could we achieve a trilateral relationship between China, the EU and the US and consolidate it with climate goals?
We are pleased to discuss with Dr Huiyao Wang – President of the Center for China and Globalization and Counselor for the State Council of the People’s Republic of China about his recent proposals for a post-pandemic green multilateralism. At the same time, the EU wants to green its economy and impose border carbon adjustment – a strategy that it may share with a new US administration.
Would there be scope for a multilateral approach in which China, the EU, and the US join forces in a new trilateral mechanism between China, the EU and the US? What role for COP26, the UN and the World Trade Organization and others?
This event is open only to Bruegel’s Members and select experts.
Founder and President, Center for China and Globalization (CCG)
The European Union owes much of its economic weight to its regional value chain and integration into the global value chain. But the EU’s global value chain role is shrinking, and while EU trade integration with China is increasing, it is mainly to China’s benefit, undermining the EU’s external competitiveness.
Serving and retired government officials, representatives of the private sector, media and institutions/academia come together to review the of India-EU relations and point to a promising direction for the future.
Although the economic implications of the Regional Comprehensive Economic Partnership (RCEP) for the EU are modest, the geopolitical and strategic implications are not. With the arrival of a new US administration and the central role of China in the bloc, the EU needs to outline an Asian commercial strategy that reconciles the importance of China and the transatlantic relationship.
Testimony before the European Parliament on the subject of China-EU economic relations.
With the Biden administration, there might be a difference in style, rather than a difference in trends.
A new plan to tackle foreign subsidies would empower the European Commission to investigate foreign investments in the European Union, with Chinese investment particularly in the spotlight. This increased scrutiny could deter some investors. Overall however, fairer competition is worth some lost opportunities.
"2021 can be a breakthrough year for climate: the new US administration and the EU have a real opportunity, through a ‘global net zero coalition’, to remove some of the key bottlenecks in the global path to climate neutrality."
With the US presidential elections around the corner we asked ourselves: what would a Biden administration look like? And what would a(nother) Trump administration look like?
What shape will the trade relationship between the EU and the US take in the coming years?
Multilateralism and global collaboration: the case of Japan and the EU.
A Joe Biden Administration would have to decide to what extent to unpick the major United States trade policy shifts of the last four years. A quick return to comprehensive trade talks with the European Union is unlikely and the US will remain focused on its rivalry with China. Nevertheless, there would be areas for EU/US cooperation, not least World Trade Organisation reform.