Joint Statement on the Establishment of Chinese-Swedish Working Group on Green Transition Investments (April 1, 2025)
In order to strengthen the work of the Joint Committee on Economic, Industrial and Technical Cooperation between Sweden and the People’s Republic of China, originally established in 1978 and updated in 2006, Sweden’s State Secretary for Foreign Trade, Håkan Jevrell, and Chinese Vice Minister of Commerce, Ling Ji, on this day has decided to merge the “FDI Working Group” and the “Environmental Protection and Energy Conservation Working Group” into the “Working Group on Green Transition Investments”.
The Working Group on Green Transition Investments will build on the experiences gained from the “Pioneer the possible” platform1. The Working Group will focus on four key areas of shared interest for Swedish and Chinese companies investing in the green transition:
– green energy and production, e.g. sustainable heating and renewable energy,
– green mobility, e.g. low-carbon and smart transportations,
– supply chain and circularity, e.g. increased transparency and innovative materials,
– sustainable urban development, e.g. green infrastructure and efficient waste management.
In order to facilitate dialogue within the Working Group on issues relevant to both parties, Sweden will be represented by Business Sweden and the relevant Swedish businesses and organizations engaged in Pioneer the possible, as well as the Ambassador for Sustainable Business and Innovation at Sweden’s Ministry for Foreign Affairs. The Peoples’ Republic of China will be represented by the Department of Foreign Investment Administration, the Department of Outward Investment and Economic Cooperation, Investment Promotion Agency.
The activities of the Working Group will be carried out in line with mutual interests and available resources and under the participating organizations’ respective responsibilities. Activities conducted by the Parties active in the Working Group are subject to the budget of each Party. In principle, each Party is responsible for its own expenditure for relevant activities. Nothing in this Joint Statement is legally binding. Alterations and amendments to the functioning of the Working Groups shall be made by mutual consent of the Parties in writing. This Joint Statement will guide the Working Group until the next meeting of the Joint Committee on Economic, Industrial and Technical Cooperation, where the Working Group will present their work, and at which future activities of the Working Group will be decided.
1“Pioneer the possible” is a platform that supports Swedish companies to achieve their carbon neutrality goals while showcasing Swedish sustainable solutions to the Chinese market. Since 2022, Team Sweden in China has in collaboration with Swedish companies led this initiative to accelerate the green transition. Over the years, various activities such as seminars, roadshows, high-level stakeholder meetings etc. have been carried out to support this mission. The “Pioneer the possible” platform also enhances media exposure through external webinars, articles, and white papers.
