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China and the European Union have reached an agreement to maintain stability in their bilateral economic and trade relations, with an emphasis on making them more balanced. The second meeting of the Trade and Investment Consultation Mechanism between the two parties was held, and discussions continued, leading to consensus on 16 points related to trade balance, export controls, intellectual property rights, and reform of the World Trade Organization. Both sides reaffirmed their commitment to ongoing cooperation in reducing tariffs, facilitating the export licensing of rare earth elements, and strengthening investment collaboration. They also committed to continued dialogue and expressed readiness to hold the third meeting in March 2027.
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