China-EU Investment Agreement Close to Complete

Chinese economists reported to Global TImes that the negotiations between China and the EU for an investment agreement are close to reaching a conclusion. “Significant progress has been made on a long-awaited investment treaty between China and the EU, China’s Foreign Ministry revealed on Tuesday, sending a bullish signal for a major breakthrough in the economic and trade relationship between two of the world’s largest economies. Describing negotiations over the China-EU Bilateral Investment Treaty (BIT), also known as the Comprehensive Agreement on Investment (CAI), as the most important agenda for the current China-EU relationship, [Chinese] Foreign Ministry spokesperson Wang Wenbin told a regular press conference Tuesday that under the two sides’ joint efforts, the CAI talks have made significant progress and the prospects (of signing the treaty) are foreseeable.”