Bangladesh, Oct. 12 -- The global economy does not need another trade war, another wave of punitive tariffs, or another politically motivated assault on international supply chains. It needs pragmatic diplomacy, predictable rules, and economic cooperation. The latest China-European Union trade consultations offer a timely reminder that even major economic powers with competing interests can find common ground when dialogue takes precedence over confrontation.

The second meeting of the China-EU bilateral trade and investment consultation mechanism, held in Beijing, produced a 16-point consensus covering trade imbalances, export controls, intellectual property rights, and reform of the World Trade Organization (WTO). Although the agreement...