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Investments: agreement in sight between the EU and China

2020-12-20T21:43:43.278Z


After seven years of negotiations, Beijing would have made real concessions by agreeing to open the door to European companies.


Boost in the negotiations between the European Union and China.

So much so that an investment protection agreement could, after seven years of negotiations, be announced in the coming days.

Major, this agreement would widen the field of possibilities for European companies in China.

According to several leaks, Beijing would have made real concessions by agreeing to open the door to European companies in sectors such as biotechnology, automotive or even services and the hospital sector.

In return, the Europeans would allow Chinese investors to enter the renewable energy sector.

Read also:

The European Union's growing mistrust of the Chinese blocks an investment agreement

For the second leg of the agreement, that of investment protection, Chinese concessions seem less.

Beijing will not end its policy of massive subsidies to its public enterprises, in China as in Europe.

As for the respect of intellectual property and the end of the forced transfers of technologies demanded of Europeans, there is still some doubt.

A draft agreement was however sent to the 27 capitals.

Berlin, which holds the rotating presidency of the Union, is particularly pushing to conclude before the end of the year.

France is generally in favor of it.

But Denmark and the Netherlands, very active in renewable energy, do not seem enthusiastic.

Read also:

The EU wants to protect its market from Chinese appetites

Others could join them, in particular because of Beijing's refusal to ratify certain conventions of the International Labor Organization, including that on the prohibition of forced labor, the fate of the Uyghur minority and the situation in Hong Kong.

Especially since the European Parliament, which must ratify the agreement, will not be easy to convince.

There is however a moment to seize, say several close to the file.

The Chinese are more flexible than ever, eager to get that deal before Joe Biden comes to the White House.

Not sure they'll leave the door open for very long.

Source: lefigaro

All news articles on 2020-12-20

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