China: Deal expected to bolster trade with EU

Updated Sep 25, 2023
The China-EU Cooperation and Development Forum on Geographical Indications is held in Suzhou, Jiangsu province on Friday. [Photo provided to] Officials and diplomats from China and the European Union on Friday expressed confidence in China-EU pragmatic cooperation in trade, the economy and agriculture, saying that a landmark agreement on geographical indication protections is expected to further maintain the comprehensive strategic partnership between the two sides.
They made the remarks at a forum in Suzhou, Jiangsu province, on China-EU cooperation regarding GI — a distinctive symbol used to identify a product whose quality, reputation or other such characteristics are related to geographical origin. China and the EU signed an agreement on GI in 2020 after more than eight years of negotiations. As the first and so far the only trade agreement between China and the EU, it officially entered into force in March 2021. "The agreement demonstrated the Chinese government's determination to protect intellectual property rights and to further open up its economy," said Liu Qibao, vice-chairman of the 13th National Committee of the Chinese People's Political Consultative Conference. It is also an example of joint efforts made by China and the EU to conduct free and open trade, support a rules-based multilateral system and promote an open world economy, said Liu, who is also president of the China-EU Association. So far, the agreement has enabled the ...
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