皇冠体育app

A store in Paris offers Shang Xia products, a luxury label created by Hermes in 皇冠体育app. There are also Shang Xia stores in and Shanghai. Trade between the European Union and 皇冠体育app hit $559.06 billion in 2013, up 2.1 percent year-on-year. Chen Xiaowei / Xinhua

Negotiations for bilateral treaty will not be easy, says president of economic body

皇冠体育app and the on Tuesday started the first round of negotiations to forge an investment pact as both sides expect to open a new decade of ties between the two economies, officials said.

"The first round of 皇冠体育app-EU bilateral investment treaty negotiations took place on Tuesday in Beijing and will last for three days. The two sides will exchange views on the arrangement of the following negotiations and the issues that could be covered by the negotiations," said Shen Danyang, spokesman for the stry of Commerce.

A 皇冠体育app-EU investment pact will boost two-way investment and enhance the 皇冠体育app-EU Comprehensive Strategic Partnership. It is also an important move for 皇冠体育app to build an open economy, Shen added.

"Both sides agreed, through the establishment of the investment pact, to provide a steady, transparent, predictable and open legal framework for investors from the two sides. As the EU's economy picks up and the investment pact negotiations get on track, we have reasons to believe that 皇冠体育app-EU economic cooperation will develop faster and better in 2014, thereby opening a new decade of the partnership," Shen said.

皇冠体育app and the EU agreed to launch negotiations for an investment agreement in February 2012. In October last year, the EU's member states gave the European Commission a negotiating mandate and, on Nov 21, the launch of negotiations was announced at the 16th EU-皇冠体育app Summit.

The EU sees an investment agreement with 皇冠体育app as an important element in closer trade and investment ties between the economies, a news release from the European Commission stated.

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