7 C
Brussels
Friday, March 29, 2024
EuropeChina must make big leap before investment deal – EU

China must make big leap before investment deal – EU

DISCLAIMER: Information and opinions reproduced in the articles are the ones of those stating them and it is their own responsibility. Publication in The European Times does not automatically means endorsement of the view, but the right to express it.

DISCLAIMER TRANSLATIONS: All articles in this site are published in English. The translated versions are done through an automated process known as neural translations. If in doubt, always refer to the original article. Thank you for understanding.

Juan Sanchez Gil
Juan Sanchez Gil
Juan Sanchez Gil - at The European Times News - Mostly in the back lines. Reporting on corporate, social and governmental ethics issues in Europe and internationally, with emphasis on fundamental rights. Also giving voice to those not being listened to by the general media.

            <div id="attachment_338071" class="wp-caption alignnone"><img aria-describedby="caption-attachment-338071" data-attachment-id="338071" data-permalink="https://www.pmnewsnigeria.com/2017/06/24/eu-will-restrict-visas-states-not-taking-back-migrants/eu-5/" data-orig-file="https://i1.wp.com/www.pmnewsnigeria.com/wp-content/uploads/2017/06/EU-e1516897459996.jpg?fit=520%2C285&amp;ssl=1" data-orig-size="520,285" data-comments-opened="1" data-image-meta="{" aperture="" data-image-title="EU" data-image-description="" data-medium-file="https://i1.wp.com/www.pmnewsnigeria.com/wp-content/uploads/2017/06/EU-e1516897459996.jpg?fit=520%2C285&amp;ssl=1" data-large-file="https://i1.wp.com/www.pmnewsnigeria.com/wp-content/uploads/2017/06/EU-e1516897459996.jpg?fit=504%2C277&amp;ssl=1" loading="lazy" class="size-full wp-image-338071" src="https://i1.wp.com/www.pmnewsnigeria.com/wp-content/uploads/2017/06/EU-e1516897459996.jpg?resize=520,285&amp;ssl=1" alt="" width="520" height="285" data-recalc-dims="1"/><p id="caption-attachment-338071" class="wp-caption-text">European Union flag</p></div>

The European Union, EU, has said China must make big improvements if it is to finalise an investment deal with European companies.

“The European side has made it very clear that it cannot meet China in the middle,” Joerg Wuttke, President of the European Union Chamber of Commerce said on Thursday.

According to Wuttke, fair competitive conditions already apply in Europe – both for domestic and Chinese companies.

In China, however, this is still not the case and therefore it is up to Beijing to “close the gap,” he said.

Wuttke’s comments come ahead of summit talks between the EU and Beijing planned for next week.

The chamber president said he was not very confident that a comprehensive deal satisfying EU companies could be made.

According to Wuttke, the window of opportunity for an agreement with China is also closing and the deal must come this year.

German Chancellor Angela Merkel, EU Council President Charles Michel and Commission President Ursula von der Leyen intend to join forces with China’s President Xi Jinping for the talks next Monday via video conference.

One of the topics will be the planned investment deal, which has been under negotiation for six years.

DPA/NAN

<h3 class="jp-relatedposts-headline"><em>Related</em></h3>

- Advertisement -

More from the author

- EXCLUSIVE CONTENT -spot_img
- Advertisement -
- Advertisement -
- Advertisement -spot_img
- Advertisement -

Must read

Latest articles

- Advertisement -