[ad_1]
In principle, the European Union and China agreed to the investment agreement. The leaders of the EU and China, who met online today, approve the deal, it could take a few months until it is finalized, after which it will be voted on in the European Parliament.
According to Bloomberg news based on EU officials, the agreement, which has been under negotiation since 2013, could enter into force in the first half of 2022.
US CAN ANSWER
The deal received political approval from the EU, an ally of the United States, at a time when the United States led an economic war against China under Donald Trump. It is also curious how the Joe Biden administration will react to the deal.
“Today, the EU and China reached an agreement in principle in the negotiations on an investment agreement,” said the president of the EU Commission, Ursula von der Leyen, in a message shared today on Twitter.
French President Emmanuel Macron was among those who attended the online meeting on the investment deal with German Chancellor Angela Merkel. / Photo: Reuters
MUTUAL INVESTMENTS WILL BE OPENED
Under the agreement, it will open more Chinese domestic market to EU investors. China will also reduce the risk of limiting its investments in the EU, which have slowed in recent years.
After the investment agreement, the free trade agreement that China wants may be on the agenda. The response of the “first investment agreement” came from the EU to China, which wanted a free trade agreement.
China is the second most important trading partner of the EU. The United States ranks first. China’s direct investment in the EU has approached $ 100 billion.
It may interest you
It may interest you
It may interest you
[ad_2]
