In the wake of widening trade imbalances and growing concerns of over-dependence on China, the European Union (EU) is exploring alternatives to address its trade deficits. The EU-China trade summit, currently underway in Beijing, is expected to address this pressing issue. As China shifts its focus towards the electric vehicle and related component market, can Turkiye and Bangladesh emerge as potential contenders to fill the gap in the textile and apparel category?
Imbalanced scales of trade.