Ministry of Commerce: China-EU Investment Agreement Ends Negotiation Goals During the Year

Ministry of Commerce of China: China-Europe Investment Agreement Ends Negotiation Goals During the Year 

　　China News Agency, Beijing, April 30 (Reporter Li Xiaoyu) Chinese Ministry of Commerce spokesman Gao Feng said on the 30th that the goal of the China-EU Investment Agreement to conclude negotiations within this year has not changed, and the two sides will hold a monthly round of negotiations in the future.

　　China and Europe just concluded the 28th round of China-EU investment agreement negotiations held by video last week. Gao Feng revealed at a news conference held on the same day that the two parties had negotiated around the text of the agreement and the list bid, and made positive progress.

　　"Although the current global epidemic situation has brought inconvenience to the negotiations between the two sides, the goal of China and the EU to conclude negotiations this year according to the leaders' requirements has not changed," Gao Feng said. At present, the two sides have agreed on the negotiation arrangements for the next few months. Hold a round of negotiations to end the negotiations on time.

　　He stated that China is willing to work together with the EU to reach a high-level agreement as early as possible according to the important consensus reached by the leaders of the two sides, take practical actions to maintain multilateralism and the free trade system, and promote China-EU economic and trade relations to a higher level in the new situation .

　　According to Chinese statistics, as of December 2018, the cumulative EU investment in China was US $ 130.65 billion, making it the third largest source of actual investment in China. At the end of the same year, China set up more than 3,200 direct investment enterprises in the EU. The EU has become an important destination for Chinese companies to invest abroad.

　　Cui Hongjian, director of the European Research Institute of the China Institute of International Studies, said in an interview with China News Service that if the China-EU investment agreement can be reached as soon as possible, it will help boost trade and investment between the two sides and affect the impact of the epidemic. (Finish)