EU and China Agreed on Investment Agreement

EU and China Agreed on Investment Agreement The EU and China agreed on an investment agreement. Under the agreement, more European investors will be able to enter the Chinese market. This situation is a victory for both sides. European Union officials announced that the agreement, which has been planned since 2013, will be implemented in 2022. For the details of the plan, talks will continue in the coming months. In the statement made by EU Commission President Ursula von der Leyen, it was noted that the EU and China's investment agreement were agreed on in principle. With the agreement in question, many markets of China, from automotive to telecommunications, will be opened to investors. The EU's second largest trade partner was China in 2019. The two sides traded goods worth 1 billion Euros per day last year.