China-EU agreement fosters greater stability

THE China-EU agreement on geographical indications (GI), as China’s first comprehensive and high-level deal on GI with foreign nations, has fostered greater stability in economic and trade cooperation between China and the European Union (EU), Pan Feng, vice president of the China-Europe Association for Technical & Economic Cooperation, told the Global Times during the 4th China International Consumer Products Expo (Cicpe).

In effect since March 2021, the agreement has brought significant benefits to both China and the EU by facilitating bilateral economic exchanges, Pan said, expecting the two sides to push for further strengthening of economic relations.