EU Commission Vice: Investment Agreement with China 2020 possible

Man rides a motorcycle with cargo bed in China, over dts
Man rides a motorcycle with cargo bed in China, over dts
Valdis Dombrovskis, the Executive Vice President of the EU Commission, believes that an agreement with China on an investment agreement is possible by the end of the year.

“We have had several rounds of discussions on the problematic issues, most recently in July. And we see that the Chinese side is opening up, ”said the designated EU trade commissioner to the“ world ”(Thursday edition).

China also knows that the EU market is far “more open” than the Chinese one and has understood that “more reciprocity” is needed. “We want to end the talks on the investment agreement this year, and that is still possible. For this, however, concessions from China on market access are necessary. ”The EU has been negotiating an investment agreement with China for several years, and the European economy is hoping that this will facilitate market access. "China also has an interest in concluding the talks this year," Dombrovskis told the newspaper. "There will be very substantial talks in the coming weeks, and I firmly expect significant progress." “The behavior of the British government worries us. If Great Britain does not comply with the exit agreement, there is no longer any basis for a free trade agreement between the EU and Great Britain, ”said Dombrovskis. The British government must correct this before continuing to negotiate political and economic relations. The occasion is a law that the British government has enacted and with which it would break parts of the current Brexit treaty with the EU.