China and the European Union (EU) are two of the world’s largest trading powers. The trade relationship between the Asian superpower and the European continent can be traced back 2,000 years when the Silk Road was famously used to transport exotic goods from Asia to Europe. Over time, Europe and China have become economically dependent on one another as a source and destination for goods and foreign investments. The sheer volume of goods transported between both regions has made shipping containers an essential facilitator of EU-China trade. These ties were firmly cemented by an EU-China trade cooperation agreement, established in 1985. With 31 years having passed since the creation of the EU-China trade and cooperation agreement, this edition of the Trade Focus Report highlights the significance of these close relations in driving global economic growth, and examines why the nations’ container ships are a fundamental component of this expanding partnership.
Read the latest edition of the Trade Focus Report here.