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Feature Article by Stephen Lendman
China/EU Investment Agreement
by Stephen Lendman (stephenlendman.org – Home – Stephen Lendman)
At yearend, China and EU countries agreed in principle on a Comprehensive Agreement on Investment (CAI) — after years of negotiations.
European Commission President Ursula von der Leyen said the following:
"Today's agreement is an important landmark in our relationship with China and for our values-based trade agenda."
"It will provide unprecedented access to the Chinese market for European investors, enabling our businesses to grow and create jobs."
The new agreement will replace 26 existing bilateral investment treaties between China and EU bloc countries.
According to Eurostat, the EU exported around $242 billion worth of goods to China in 2019.
Bloc imports from China were valued at about $442 billion.
The CAI reduces bilateral barriers to investment. It covers the following: