China and EU ‘on verge’ of major investment deal – English-BanglaNewsUs
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China and EU ‘on verge’ of major investment deal

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Published December 29, 2020
China and EU ‘on verge’ of major investment deal

The EU and China are close to reaching a long-awaited business investment deal, according to media reports.

The pact, expected to be finalised this week, will give EU firms better access to the Chinese market and improve competition conditions.

Talks on the investment deal began in 2014 but have been stuck for years over a number of issues.

But rising trade tensions between the US and China may have helped change the Chinese position, officials said.

The deal comes hot on the heels of the UK’s post-Brexit trade agreement with the EU which was announced on 24 December.

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