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MNI BRIEF: China/EU Agree Comprehensive Investment Accord

BRUSSELS (MNI)

China and the European Union have reached an 'in principle' Comprehensive Agreement on Investment, the European commission said Wednesday, as reported earlier by MNI. The deal was hailed by Brussels as of major economic significance and also binds the parties into a values-based investment relationship grounded in sustainable development principles.

Once in effect, the CAI 'will help rebalance the trade and investment relationship between the EU and China. China has committed to an unprecedented level of market access for EU investors, giving European businesses certainty and predictability for their operations,' a statement from the Commission said.

European Council President Charles Michel welcomed the political agreement, saying the EU remains "committed to rules based cooperation'.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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