According to the foreign trade data released by the Eurostat, Xinhua News Agency, the trade in goods between the 27 EU countries and China will grow in both directions against the epidemic in 2020. For the first time, China has replaced the United States as the EU' s largest trading partner.

Data show that in 2020 the EU imported 383.5 billion euros from China, an increase of 5.6% over the previous year; exports to China were 202.5 billion euros, an increase of 2.2%.

European Trade Commissioner Valdis Dombrovskis said that the current crisis pushes us to work hand in hand with global partners including China. "By uniting, we can recover faster economically and make progress in areas of mutual concern such as trade and investment relations."

Imports and exports of China and Europe have grown against the trend, and the new momentum of the two sides is also "gathering momentum." In 2020, China and Europe will sign the Geographical Indications Agreement to complete the negotiation of the investment agreement; the China-EU Geographical Indications Agreement has come into effect, and the China-EU Investment Agreement will accept the draft text for verification. After that, China and Europe will discuss the specific time for signing the agreement.