Dec 30 2020

Belgium: Leaders reach agreement in principle for EU-China investment deal

The European Union and China agreed in principle on Wednesday to an investment deal that will pave the way for greater mutual market access.

The virtual meeting hosted by European Council President Charles Michel in Brussels saw the participation of European Commission President Ursula von der Leyen, German Chancellor Angela Merkel, French President Emmanuel Macron, and Chinese President Xi Jinping.

The Comprehensive Agreement on Investment (CAI) follows nearly seven years of negotiations and now enters a months-long EU ratification process.


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