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EU business body fears China-EU investment deal will not be finished this year

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The president of the European Union Chamber of Commerce in China said on Tuesday that he doubts a long-awaited China-EU investment agreement will be finished this year.

FILE PHOTO: An attendant walks past EU and China flags ahead of the EU-China High-level Economic Dialogue at Diaoyutai State Guesthouse in Beijing, China June 25, 2018. REUTERS/Jason Lee

“The fact that both parties didn’t feel like reporting what has been agreed upon is an indicator that there was very little to agree upon,” said Wuttke.The 27-nation EU and China have both said they hope to conclude negotiations on the Comprehensive Agreement on Investment in 2020, after six years of talks.

Meeting halfway with Chinese negotiators is impossible as Europe is already far more open than China, said Wuttke.

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neither the year after

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