Global Trade Tensions Ease Amid Regional Cooperation Between China, India, EU, Japan, and South Korea
Published on 3.27.25
The recent surge in global trade tensions has led to increased cooperation among nations to mitigate the impact of these pressures on their economies. In a bid to address economic challenges, China and India are strengthening their trade ties through a pragmatic approach that aims to boost domestic manufacturing and counterbalance the effects of US tariffs.
This development is part of a broader effort by countries to protect their businesses from what they perceive as unfair competition from Chinese companies. The European Commission hopes to improve relations with China by fostering a more balanced and cooperative trade relationship, which will be discussed during EU Trade Chief Maros Sefcovic's two-day visit to Beijing.
Industry Minister Ahn Duk-geun of South Korea will host a meeting with top trade officials from Japan and China in Seoul on Sunday, marking the first such gathering among the three nations in five years. The meeting aims to discuss economic cooperation amid US trade pressure, highlighting the growing importance of regional cooperation in addressing global trade challenges.
The EU's concerns over China's non-market policies and practices will also be addressed during Sefcovic's visit, including market access barriers affecting EU exports and investment in China.