Site icon China Economic Review

China moves to keep EU investment talks on track

China is stepping up its efforts to reach an investment agreement with the European Union, with the vice-premier in charge of trade talks calling his counterparts in Brussels on Friday, reported the South China Morning Post.

Liu He’s conversation with the European Commission’s executive vice-president Valdis Dombrovskis came as officials described the talks, which the two sides hope to conclude this year, as making slow progress. Liu’s call, his first in a year, also coincides with a hardening of attitudes towards China in some parts of Europe as a result of its handling of the Covid-19 outbreak.

His latest engagement with the EU is a sign that Beijing is refocusing attention on Brussels after reaching a phase one deal with the US, according to one EU diplomat who spoke on condition of anonymity.

Describing the call as “useful”, Dombrovskis said in a tweet: “We remain committed to finalising negotiations on an ambitious EU-China investment agreement this year. We will continue to work together to make this agreement a reality.

Exit mobile version