A NEW EU-China investment deal will potentially rebalance the EU-China investment relationship while boosting European firms, reports Bloomberg.
The accord received political approval in December and has expanded access to the Chinese market for European investors in industries ranging from cars to telecommunications.
It also aims to tackle underlying market-distorting Chinese policies such as industrial subsidies, state control of enterprises, and forced technology transfers.
'The EU-China Comprehensive Agreement on Investment will help to level the playing field and provide more market openings for EU companies and investors,' said EU Trade Commissioner Valdis Dombrovskis.
China was the EU's second-largest 2019 trade partner behind the US with two-way goods commerce valued at US$1.2 billion a day.
'The agreement provides a clear and enforceable framework of rules, which will give EU businesses greater access and more certainty when investing in China,' said Mr Dombrovskis.
SeaNews Turkey
The accord received political approval in December and has expanded access to the Chinese market for European investors in industries ranging from cars to telecommunications.
It also aims to tackle underlying market-distorting Chinese policies such as industrial subsidies, state control of enterprises, and forced technology transfers.
'The EU-China Comprehensive Agreement on Investment will help to level the playing field and provide more market openings for EU companies and investors,' said EU Trade Commissioner Valdis Dombrovskis.
China was the EU's second-largest 2019 trade partner behind the US with two-way goods commerce valued at US$1.2 billion a day.
'The agreement provides a clear and enforceable framework of rules, which will give EU businesses greater access and more certainty when investing in China,' said Mr Dombrovskis.
SeaNews Turkey