The EU-China Comprehensive Investment Agreement, a balance between EU economic power and global value
Brand Story
18 May 2021, 04:55 GMT+10
Nearly seven years after the launch of the EU-China bilateral Comprehensive Investment Agreement negotiations, the EU and China reached the agreement in principle on December 30, 2020. Currently, there are 25 bilateral investment agreements between China and EU member states, which will establish a unified legal framework for both parties investments for the first time. The area covered by the agreement goes far beyond traditional bilateral investment agreements. The agreement also lays down fair competition rules to prevent state aid from weakening competition, and establishes sustainable development clauses. In the context of the ongoing transatlantic trade conflict, this is undoubtedly a powerful decision that meets the needs of the European Union seeking development leadership and a free system.
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