Shi Shiwei, a senior research fellow at the University of International Business and Economics' Research Center for China-EU Economic Cooperation, said the agreement reflects the openness and adherence of both sides to rules-based trade relations.

"Despite distractions for political purposes, it is also a concrete example of China-EU cooperation," he said.

Shi added that China and the EU have developed a mutually beneficial trade relationship through long-term cooperation, and the two sides enjoy huge potential in areas such as the automobile industry.

"It is important that the European business community can withstand political interference and enable China-EU economic and trade cooperation to play a stabilizing role in developing bilateral ties," he said.