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Saudi Arabia, Sweden Discuss Enhancing Economic Cooperation

During his meetings in Stockholm, Qassabi discussed ways to enhance relations between Saudi Arabia and Sweden. SPA
During his meetings in Stockholm, Qassabi discussed ways to enhance relations between Saudi Arabia and Sweden. SPA
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Saudi Arabia, Sweden Discuss Enhancing Economic Cooperation

During his meetings in Stockholm, Qassabi discussed ways to enhance relations between Saudi Arabia and Sweden. SPA
During his meetings in Stockholm, Qassabi discussed ways to enhance relations between Saudi Arabia and Sweden. SPA

Saudi Minister of Commerce and Investment Dr. Majed Al-Qasabi has met with a number of Swedish officials in Stockholm, the Saudi Press Agency reported Thursday.

During his meetings, Qassabi discussed ways to enhance relations between the two countries, opportunities of cooperation under the Saudi Vision 2030, and ways to boost innovation, pioneer projects and methods to transfer and localize advanced technologies, SPA said.

He also briefed the Swedish officials on the Kingdom's economic reforms in several fields such as trade, investment and legislative regulations, in addition to its efforts of women empowerment, preserving the environment, renewable and clean energy, and small-and medium-sized enterprises, the news agency added.

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German Economy Minister Says EU Open for Talks on China Tariffs

German Vice Chancellor and Economy Minister Robert Habeck poses for pictures alongside National Development and Reform Commission (NDRC) Chairman Zheng Shanjie following the opening session of the German-Chinese Climate and Transformation Dialogue in Beijing, China June 22, 2024. REUTERS/Maria... Purchase Licensing Rights
German Vice Chancellor and Economy Minister Robert Habeck poses for pictures alongside National Development and Reform Commission (NDRC) Chairman Zheng Shanjie following the opening session of the German-Chinese Climate and Transformation Dialogue in Beijing, China June 22, 2024. REUTERS/Maria... Purchase Licensing Rights
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German Economy Minister Says EU Open for Talks on China Tariffs

German Vice Chancellor and Economy Minister Robert Habeck poses for pictures alongside National Development and Reform Commission (NDRC) Chairman Zheng Shanjie following the opening session of the German-Chinese Climate and Transformation Dialogue in Beijing, China June 22, 2024. REUTERS/Maria... Purchase Licensing Rights
German Vice Chancellor and Economy Minister Robert Habeck poses for pictures alongside National Development and Reform Commission (NDRC) Chairman Zheng Shanjie following the opening session of the German-Chinese Climate and Transformation Dialogue in Beijing, China June 22, 2024. REUTERS/Maria... Purchase Licensing Rights

Germany's Economy Minister Robert Habeck said during his visit to China on Saturday that the European Union's door is open for discussions regarding EU tariffs on Chinese exports.

"What I suggested to my Chinese partners today is that the doors are open for discussions and I hope that this message was heard," he said in his first statement in Shanghai, after meetings with Chinese officials in Beijing, Reuters reported.

Habeck's visit is the first by a senior European official since Brussels proposed hefty duties on imports of Chinese-made electric vehicles (EVs) to combat what the EU considers excessive subsidies.

Habeck said there is time for a dialogue between the EU and China on tariff issues before the duties come into full effect in November and that he believes in open markets but that markets require a level playing field.

Proven subsidies that are intended to increase the export advantages of companies can't be accepted, the minister said.

Another point of tension between Beijing and Berlin is China's support for Russia in its war in Ukraine. Habeck noted Chinese trade with Russia increased more than 40% last year.

Habeck said he had told Chinese officials that this was taking a toll on their economic relationship. "Circumventions of the sanctions imposed on Russia are not acceptable," he said, adding that technical goods produced in Europe should not end up on the battlefield via other countries.