‘EU-China deal needed urgently’
BEIJING: The need for an European Union-China investment agreement is urgent and would be the easiest way for Chinese President Xi Jinping to meet pledges of making China’s economy open to the world, said European Commission vice-president Jyrki Katainen yesterday.
Hosting world leaders on the second day of a two-day summit Xi said yesterday that it was crucial for his signature foreign policy and global development plan to “reject protectionism”.
“President Xi has repeated this message several times now, and it is a good sign and we want to help him deliver. The easiest way to deliver what he has said is to speed up EU-China investment agreement negotiations,” said Katainen.
Such an investment deal was “urgently needed” to boost business links between the two sides, he said.
China and the EU are set to hold their own summit in Brussels in early next month, during which the Comprehensive Agreement on Investment currently under negotiation will be a central focus. Reuters