EU to Launch Investment Talks with China
The European Council on Oct. 18 adopted a mandate for the European Commission to negotiate on behalf of the European Union a bilateral investment agreement with China. A European Council press release indicates that the main objectives of this agreement will be an enhanced protection of EU investments in China and vice versa, improved legal certainty regarding the treatment of EU investors in China, the reduction of barriers to investing in China and, as a result, higher bilateral investment flows and improved access to the Chinese market. The goal would be to complete the negotiations no later than two and a half years from their starting date. Investment, market access, procurement and intellectual property have been identified by the European Council as four priority areas in EU-China trade relations.