EU, China Give Political Nod to Market-Opening Investment Pact
- Long-sought pact marks major economic, political win for both
- Biden’s team wants coordinated EU approach toward China
This article is for subscribers only.
The European Union and China announced the political approval of an agreement to open the Chinese market further to EU investors, marking a major step in talks that began in 2013.
The breakthrough in negotiations on an EU-China investment deal signals the bloc’s determination to focus on economic opportunities in Asia even amid criticism of Beijing’s record on human rights. The accord could enter into force in early 2022.