At a crucial moment for global trade and green finance, Pierre Gramegna, Managing Director of the European Stability Mechanism (ESM), highlighted the need for enhanced cooperation between China and Europe. In an exclusive interview with CGTN anchor Guan Xin, Gramegna emphasized that as two of the world’s leading export-driven economies, China and Europe share a common interest in maintaining a multilateral trade system.
Facing rising US tariffs and increased protectionism, both sides advocate for reducing trade barriers and resolving disputes within the framework of the World Trade Organization (WTO). Gramegna noted that collaborating through the WTO is essential for fostering fair and open trade, benefiting both economies and the global market.
Moreover, with the United States showing declining attention to Environmental, Social, and Governance (ESG) investments, Gramegna called for stronger China-Europe collaboration to ensure financial systems support the transition to a green economy. He stressed that joint efforts in sustainable finance are crucial for addressing climate change and promoting long-term economic growth.
“By working together, China and Europe can lead the way in sustainable development and set an example for the rest of the world,” Gramegna said.
