The EU and China today concluded the negotiations on a Comprehensive Agreement on Investment at political level. This marks the successful conclusion of negotiations which started in 2013.
said: “The EU-China investment agreement is a milestone in trade policy. The breakthrough was made today after almost seven years of negotiations. This is a major success, and it shows that Europeans stand together and speak with one voice. The agreement contains rules on access of European and Chinese enterprises to each other’s markets and creates more transparency regarding economic relations between China and the EU. This means better market access, more legal certainty and a level playing field in China for European companies.”
The EU-China Comprehensive Agreement on Investment is a trade agreement which aims in particular to strengthen the rights of foreign investors. In the course of the negotiations, the EU was able to reach comprehensive improvements of market access for EU firms in China in fields such as financial, telecommunications, environmental, health and logistics services, and in the industrial area, including electric mobility. In addition, rules have been agreed on more neutrality in terms of competition with Chinese state-owned enterprises, more transparency of subsidies and a ban on forced technology transfer. At the same time, China has made an internationally binding commitment vis-à-vis the EU as regards the market access measures which it has taken since its accession to the WTO in 2001. This creates more legal certainty. Progress has also been made in the field of environmental and social standards, especially with regard to the implementation and application of multilateral agreements.