December 31, 2020
1 min read

China, EU Strike Trade And Investment Deal

Chinese President Xi Jinping and leaders of the European Union (EU) have announced that the two sides have completed investment agreement negotiations as scheduled.

The announcement was made on Wednesday during a meeting between Xi and German Chancellor Angela Merkel, French President Emmanuel Macron, President of the European Council Charles Michel and President of the European Commission Ursula von der Leyen via video link, Xinhua news agency reported.

Calling the investment agreement between China and the EU as “balanced, high-standard and mutually beneficial”, Xi said the treaty has shown China’s determination and confidence to push high-level opening up.

“The agreement will provide greater market access, higher level of business environment, stronger institutional guarantees and brighter cooperation prospects for mutual investment,” the Chinese leader said.

The treaty will also greatly boost world economic recovery in the post-pandemic era, enhance the international community’s confidence in economic globalisation and free trade, making significant contributions to the building of an open world economy, Xi added.

Stressing China’s commitment to fostering a new development paradigm will provide more market opportunities and cooperation potential for the EU and the world at large, the President called on the EU to uphold free trade and multilateralism, and provide an open, fair and non-discriminatory business environment for Chinese investors.

Also Read: China Begins Probe On Jack Ma’s Ant Group

Also Read: China slams US’ ‘bullying behaviour’ over blacklist

Previous Story

Asian Lite Daily Digital UK – December 31, 2020 – India Extends UK Flight Ban

Next Story

Acute malnutrition in children at record-high

Latest from -Top News

UK MPs Slam Pakistan Over Minority Abuses

Minority communities such as Shias, Christians, Hindus, and Ahmadis continue to face harassment, violence, and intimidation. In many cases, law enforcement either turns a blind eye or enables the attacks through inaction…reports

Words Won’t Stop China, Quad Must Deliver

 If the Quad aims to counterbalance China’s growing influence, it must expand its focus beyond the maritime domain and address the continental dynamics of the Indo-Pacific…writes Imran Khurshid Despite early concerns that

India Stays Neutral on Dalai Lama Succession

As exiled Tibetan spiritual leader approaches his 90th birthday, he asserted on Wednesday that there will be the 15th reincarnation…reports Asian Lite News Responding to the Dalai Lama’s recent remarks, India on

USAID cut could kill 14 million more deaths

Human rights advocates and global health experts have expressed alarm at the speed and scale of the cuts…reports Asian Lite News A new study published in The Lancet has warned that ongoing

Trump goes nuclear on Mamdani

Mamdani, a 33-year-old democratic socialist and son of Indian-Ugandan immigrants, secured a surprise victory over former governor Andrew Cuomo in the Democratic primary.;…reports Asian Lite News President Donald Trump has intensified his
Go toTop