By Chris King • Published: 05 Feb 2021 • 2:08
EU And China Look Forward To Impact Of New Investment Agreement. image: wikimedia
EU And China Look Forward To Impact Of New Investment Agreement as it nears completion
The European Union and China are close to completing their historic investment agreement after an online video meeting took place between European trade representatives and Chinese business experts and entrepreneurs.
The initiative is called The China-EU comprehensive agreement on investment (CAI), and it is now awaiting the final regulatory approval before it can come into force, but figures from both sides have already been keen to identify promising fields that can be explored for future trading.
Patricia Conceicao, the Portuguese investment councillor told CGTN Europe, “China made very important commitments regarding sustainable development and labor law, and we will see a lot of investment related to climate change, and energy transition”.
Also, Gianpaolo Bruno, the Italian trade commissioner spoke of the CAI opening up the possibilities of new investments in Chinese telecoms and banking services.
The director general of the China Center for Regional Economic Cooperation, Zhang Jianping, commented, “With market access relaxed, I think it brings a certain competitive pressure to Chinese companies. This will force them to invest in research and development, and find ways to retain talent”.
He added, “I think it’s a good thing to have pressures to survive when it comes to market competition”.
_______________________________________________________
Thank you for taking the time to read this news article “EU And China Look Forward To Impact Of New Investment Agreement”.
For more UK daily news, Spanish daily news and, Global news stories, visit the Euro Weekly News home page.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don't already have one. Review our Privacy Policy for more information about our privacy practices.
Originally from Wales, Chris spent years on the Costa del Sol before moving to the Algarve where he is a web reporter for The Euro Weekly News covering international and Spanish national news. Got a news story you want to share? Then get in touch at editorial@euroweeklynews.com
By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our Privacy Policy for more information about our privacy practices.
Download our media pack in either English or Spanish.