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European companies hope for China-EU investment deal by year-end

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The treaty is expected to allow firms to invest in sectors opened up for foreign investment in China. FMTNews EU ChinaUS

BEIJING: European businesses in China are hopeful of an EU-China investment deal by end of the year, the head of the European Chamber of Commerce in China said on Saturday, although Beijing has declined to commit to a deadline.

“The next few days will be interesting. My sense is that there is a serious push to get this past the finishing line,” Joerg Wuttke, head of the European Chamber of Commerce in China, told AFP.China’s commerce ministry has refrained from committing to a year-end deadline and appears prepared for an extension of discussions.

In an interview with Le Monde on Wednesday, France’s junior trade minister Franck Riester said Beijing needed to address the issue of forced labour if Paris was to agree to the deal.

 

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