China and EU Reach 16-Point Trade Agreement in Beijing

China and the European Union have agreed on new steps to keep bilateral trade stable. The deal directly impacts green supply chains and automotive prices across Europe.

Chinese Commerce Minister Wang Wentao met EU Trade Commissioner Maroš Šefčovič in Beijing. They held high-level trade consultations on October 8–9, 2026.

Both sides reached a 16-point consensus during the meeting. They agreed on a plan to manage Chinese hybrid vehicle exports to the EU.

The two sides will also streamline green-channel export licenses for Chinese rare earths. In addition, they will continue anti-subsidy dialogues on electric vehicles.

This agreement creates clearer conditions for international trade. It helps Chinese businesses operating in Denmark and Sweden plan ahead with confidence. (Source: www.gov.cn)