Chinese Foreign Minister Wang Yi attends a meeting with EU High Representative for Foreign Affairs and Security Policy Federica Mogherini in Brussels, Belgium March 18, 2019. REUTERS/Yves Herman
China and the EU will “agree by summer 2019 on a set of priority market access barriers and requirements facing their operators,” according to a six-page joint communique drafted by the EU, which still requires Chinese approval. The statement, which is likely to change, also sets 2020 as the goal for a special treaty to increase investment flows that has been under negotiation for almost a decade.
A surge of Chinese takeovers in critical sectors in Europe and an impression in Brussels that Beijing has not kept its promise to stand up for free trade and globalization have given the April meeting new urgency.
Source: Financial Digest (financialdigest.net)
A variant (perhaps) towards a « joint statement » also has a point where China would agree to condemn the annexation of Crimea by Russia. Unlikely to happen. The Commission’s March 12 comm. to the Council sets a 2020 deadline for completing an investment treaty. So what’s new?
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