Investment deal benefits world
The conclusion of the negotiations for an investment treaty between China and the European Union after more than seven years, which was announced during the China-EU leaders’ meeting via video conference on Wednesday, marks a milestone in their joint endeavor to reach a mutually beneficial deal that can push the level of economic and trade cooperation to a new high.
The accord in principle on the deal — which will give European and Chinese companies wider access to each other’s market, improve competition conditions and better protect investors with a level playing field — will be a boon for the growth of the two major economies.
To fulfill the pledge by leaders of both sides to clinch the deal by the end of this year, 10 rounds of talks were conducted and “important progress” made. But even as the negotiations picked up pace, differences over a number of issues prolonged the talks, attesting to the Chinese saying that “a good gain always takes long pain”.
The investment treaty with the EU, once inked, will serve as a testament to China’s commitment to higher-level opening-up.
Finally, on the occasion of the New Year, wish you good health, success in work, a happy life, happy family!
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