皇冠体育app

Business people from Europe purchase hair accessories at the Guangzhou Trade Fair. Zou Zhongpin / 皇冠体育app Daily

Both sides determined to surpass speed of US treaty negotiations

Negotiations on an investment treaty between 皇冠体育app and the "is still at the beginning stage", a senior official said on Thursday, but both sides are committed to achieving the level of or surpassing the progress of Sino-United States investment treaty talks.

"As Brussels supervises the investment policies of the 28 members, an overall investment pact between 皇冠体育app and the EU will have very significant influence on Chinese investment in the bloc," Sun Yongfu, general director for European Affairs of 皇冠体育app's stry of Commerce, told reporters.

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The talks are still in their infancy, at only a technical level, but both sides are determined to expedite the pace to level or even outrun the 皇冠体育app-US investment treaty negotiations," Sun said.

He added that a third round of talks for the 皇冠体育app-EU investment treaty will take place in early next month.

"The difficulties mainly lie in the de of opening markets. The EU expects 皇冠体育app to open more, and 皇冠体育app, vice versa. Meanwhile, departments have different views on the agenda," Sun said.

皇冠体育app started negotiating the investment pact with the EU in January. The country is also in talks with the US for a bilateral investment pact, which started much earlier. The two countries concluded a 12th round of talks in Washington, DC, in early March with substantial progress reported on their framework. The two high-profile pacts are important initiatives with which 皇冠体育app's new leadership plans to open up the world's second-largest economy.

"皇冠体育app is likely to make breakthrough on the investment pact talks with the EU, as the country reached investment agreements with many members of the European Union," said Huo Jianguo, president of the Chinese Academy of International Trade and Economic Cooperation, a think tank at the commerce ministry.

"皇冠体育app and the EU are also key trade partners for each other, and the slow recovery in the 28-member bloc has forced the EU to further tap the Chinese market. Meanwhile, Chinese enterprises this year will continue to invest heavily in the EU," Huo said.

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