What is the China-EU Investment Agreement and its top 10 Implications

Published: Jan. 1, 2021, 5 a.m.

In the evening of December 30, 2020, the negotiation of the China-EU Investment Agreement was completed as scheduled.

The announcement was made during a meeting between President Xi and German Chancellor Angela Merkel, French President Emmanuel Macron, President of the European Council Charles Michel and President of the European Commission Ursula von der Leyen via video link.

President Xi regarded the agreement as "balanced, high-standard and mutually beneficial," and the treaty has shown China's determination and confidence to push high-level opening up. "The agreement will provide greater market access, higher level of business environment, stronger institutional guarantees and brighter cooperation prospects for mutual investment". The treaty will also greatly boost world economic recovery in the post-pandemic era, enhance the international community's confidence in economic globalization and free trade, making significant contributions to the building of an open world economy.

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