China News Agency, Brussels, December 30 (Reporter De Yongjian) On December 30, the leaders of China and the European Union jointly announced the completion of the China-EU investment agreement negotiations as scheduled. The EU-China Chamber of Commerce expressed warm congratulations and believed that the agreement will inject confidence and momentum into global economic development.
The EU-China Chamber of Commerce stated in a statement that day that China and the EU will complete the negotiations on a comprehensive, balanced and high-level investment agreement in 2020 as scheduled. This is a gift from both sides for the 45th anniversary of the establishment of diplomatic relations between China and the EU. It is a milestone for China-EU relations. It has a strong political meaning of overcoming the difficulties together and working together for a win-win situation.
The statement noted that the China-EU Investment Agreement will be the first bilateral investment agreement signed by China to include market access. Its high level is reflected in substantially improving market access, eliminating discriminatory requirements and practices that affect foreign investors, and establishing a balance. Investment protection framework and the inclusion of investment and sustainable development.
The statement pointed out that the China-EU Investment Agreement will deepen the mutually beneficial and win-win China-EU comprehensive strategic partnership, promote both sides to improve their economic and trade levels, and provide impetus for China to deepen reforms, expand opening up, build an open economy and a "dual cycle" pattern.
Negotiations on the agreement were completed as scheduled, condensing the consensus between China and Europe, marking the two sides' major victory in maintaining multilateralism and promoting open cooperation, helping to promote global investment and economic and trade growth, and contributing China and Europe wisdom and China and Europe when the epidemic is raging and the trend of "protectionism" is rising. power.
The statement calls on both parties to sign and approve the agreement as soon as possible, and provide a unified legal text for Chinese companies investing in EU member states after the agreement takes effect, thereby promoting bilateral investment facilitation and liberalization, and creating a more transparent and predictable business for Chinese companies investing in Europe. Business environment and legal environment.
According to statistics from the EU-China Chamber of Commerce, as of the end of 2019, China had established more than 3,200 direct investment enterprises in the EU, covering the 27 EU member states and the UK, and employing more than 260,000 foreign employees. In the first three quarters of this year, China became the EU's No. A large trading partner.
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