00:00The EU-China summit held in Beijing in the context of high trade tensions has enabled and fostered dialogue between Europe and China.
00:10One of the concrete steps forward from the summit is Ursula von der Leyen's announcement of the implementation of new mechanisms to streamline Chinese rare earth exports.
00:20However, Brussels has mainly stressed the need to rebalance the trade relations.
00:25We have reached a clear inflection point. As we said to the Chinese leadership, for trade to remain mutual beneficial, it must become more balanced.
00:40Europe welcomes competition, we like competition, but competition has to be fair.
00:45Last year, the EU exported 213 billion euros of goods to China and imported a value of 519 billion euros of Chinese goods.
00:58The EU's trade deficit with China exceeds 300 billion euros.
01:04Brussels accuses Beijing of hindering access for European companies to the Chinese market.
01:09The EU taxed Chinese electric vehicles last year and, in retaliation, China has taxed European liquor, pork and dairy products.
01:19Also in the EU's side is China's support for Russia.
01:46The European countries have been announced the exportations of goods to China that Moscow uses in its aggression against Ukraine.
01:55Brussels has also called the China to use its influence on Russia, to take the table to negotiate negotiations and conclude a cease-to-feu.
