At a summit held yesterday (1 October), one minute before midnight, EU heads of state and government issued a statement calling for a fairer and more reciprocal economic relationship with the world`s second-largest economy. They also stressed that it was time to negotiate an investment agreement reached eight years later that would take into account, among other things, some of the EU`s concerns about market access for its companies in China and the transparency of Chinese state-owned enterprises. But experts warn that the deal is less and less likely. This is a common pattern in EU-China relations: Brussels insists that reforms are too slow and not ambitious enough, while Beijing says the EU gives them no recognition for what has already been done. Alicia Garcia Herrero, chief Asia-Pacific economist at Natixis, called the negotiations a “dialogue between the deaf.” In January 2014, the EU and China began negotiations for a bilateral investment agreement. This would be the EU`s first autonomous investment agreement and would aim to streamline the current bilateral investment protection agreements between China and EU member states in a single text. Another objective of the agreement is to improve access to the Chinese market for European investments – and to resolve important issues such as mandatory joint ventures and other obstacles that European companies face when investing in China. Following an investigation and numerous meetings with our member companies, the European Chamber has developed a common position on the proposed investment agreement requirements. This position, which stated that negotiations should focus on market access issues prior to establishment, was communicated to the relevant EU authorities at a series of meetings, including with the Director of Negotiations of dg Commerce, european Parliament hearings in Brussels on EU-China investment policy and meetings of the Investment Market Access Team. BEIJING (Reuters) – Negotiations for an investment deal between the European Union and China are progressing and have entered a “critical phase” after six years of talks, a senior European official said on Friday. This would not be the first time that a Sino-Chinese bilateral agreement has hampered efforts between the EU and China to achieve their trade objectives.
For example, it took China two years to remove the objections made primarily by the United States (the legitimate right of a third party) to conclude the ue-China agreement on cooperation and protection of geographical indications. Nor would it be the first time that the EU and the United States have competed for access to financial markets in China. Both the EU and China have said they hope to conclude the negotiations in 2020. This commentary deals with how the EU and China reached an agreement 20 years ago, in view of China`s accession to the WTO. Summary: Since January 2014, China and the European Union (EU) have been negotiating a bilateral comprehensive investment agreement. Unlike the NEGOTIATIONs between the EU and the US on a Transatlantic Trade and Investment Partnership (TTIP), the ongoing negotiations between China and the EU have so far received little public attention. Nevertheless, the success of these negotiations could be of great importance, even beyond the investment relations between the EU and China. This applies in at least two cases. First, a successful bilateral investment agreement could pave the way for a future free trade agreement between the EU and China. Second, beyond bilateral relations, eu-China negotiations could make an important contribution to the creation of a more liberal global investment framework. At present, China is also negotiating an investment agreement with the United States that is likely to take a similar form to that between China and the EU.