In the course of his Keynote Address at Harvard Law School Event on “Power and Alliances: The Transatlantic Partnership in a Changing World”, Executive Dombrovskis stressed the importance of strengthening EU-China trade and engaging with China with pragmatism and without naivety.

“We recognise that our trading relationship needs more balance and reciprocity. And working with the U.S., we must place a greater focus on diversification and better risk management”, he noted, and eventually added that “we also need to work together on shaping joint responses to global trade and economic challenges, such as disruptions in supply chains, WTO reform, and issues related to food security and the global level playing field. In a general sense, trade has a crucial role to play to help the EU and U.S. advance our shared geopolitical goals”.

Finally, he acknowledged that supporting the green and digital transformations of the EU and US economies, as well as promoting similar transformations in partner countries, would be beneficial also with regard to more resilient supply chains, notably for critical raw materials and inputs.

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