China and Europe have inked an agreement to work together to develop 5G networks. The signing took place today at the EU-China High Level Economic and Trade Dialogue in Beijing.
"In the future, everybody and everything will use 5G, the next generation of communication networks," the European Commission said in a press release this morning.
"By 2020, there will be more than 30 times as much mobile Internet traffic as there was in 2010. 5G won't just be faster, it will also be the backbone of our digital future and the foundation of a trillion-euro EU market in the Internet of things."
The joint declaration was signed by G"unther Oettinger, European commissioner in charge of the digital economy and society, and Miao Wei, Chinese minister of industry and information technology.
"We strongly support and seek a global consensus and cooperation on 5G," said Oettinger. "With today's signature with China, the EU has now teamed up with the most important Asian partners in a global race to make 5G a reality by 2020. It's a crucial step in making 5G a success."
This joint declaration builds on similar agreements with South Korea and Japan signed with the commission in recent months.
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