EU and China agree on scope of the future investment deal (15/01/2016)
Meeting this week in Beijing, the
EU and China negotiators reached clear conclusions on an ambitious and
comprehensive scope of the upcoming EU-China investment agreement.
This is a major step forward in
the EU-China talks launched in November 2013 and a direct response to
the political commitment made by European and Chinese leaders at the
June 2015 EU-China Summit.
The EU and China agreed in
particular that the future deal should improve market access
opportunities for their investors by establishing a genuine right to
invest and by guaranteeing that they will not discriminate against their
respective companies. The EU and China are also determined to address
key challenges of the regulatory environment, including those related to
transparency, licensing and authorisation procedures, and to provide
for a high and balanced level of protection for investors and their
investments. The agreement will also include rules on environmental and
labour-related dimensions of foreign investment.
The outcomes of this week set the
negotiations on a good track to expect a deal offering a real added
value for EU and Chinese firms investing in their respective markets.
The negotiators will continue working intensively throughout 2016 in
order to hammer out the details of the agreement.