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EU and China to settle trade issues in October
China and the European Union have agreed to set October as the deadline to make progress in resolving their trade disagreements, in an effort to contain the escalation in economic relations. Among the issues on the table are the European trade deficit with China, which reached approximately 360 billion euros, restrictions on the export of certain materials, as well as matters related to intellectual property rights and reforms to the World Trade Organization. The two sides also agreed to establish a joint platform to monitor trade flows and to track any sudden increases in imports.
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