The European Union indicated that China agreed to work together to address global food security, including through fertilizer exports, following a bilateral meeting on trade and financial services.

Senior EU and Chinese officials agreed on “the need to prevent disruptions in the supply chain and discussed increasing transparency and sharing information on the supply of some important raw materials and other products.”

Trade Commissioner Valdis Dombrovskis and Financial Services Commissioner Mered McGuinness also discussed EU concerns about the lack of a level playing field and the growing politicization of the business environment in the Asian economy with Chinese Vice Premier Liu He.

The parties also agreed to improve interaction and coordination of macroeconomic policies, according to a statement on the Chinese government’s website. They also agreed to maintain stability in the global supply chain, promote and facilitate free trade and investment, encourage fair competition, and protect intellectual property.