At the China-Germany-EU leaders' meeting on September 14, the leaders reaffirmed they would speed up the investment agreement negotiations between China and the EU to conclude the negotiations this year. This demonstrates the two sides’ strong commitment to the negotiations and firm confidence in the early conclusion of a high-level agreement.

Since the beginning of this year, China and the European Union have overcome the impact of the pandemic and accelerated the pace of negotiations. Six rounds of formal negotiations have been held with positive progress made in negotiations on the text and list. At the 8th China-EU High-Level Economic and Trade Dialogue, which was held before the China-Germany-EU leaders’ meeting, the two sides confirmed that significant progress had been made on the issue of fair competition. This also means that the overall negotiation process has taken a big step forward.

China and the EU have made plans for the next round of negotiations in accordance with the important consensus reached by the leaders. The 32nd round of negotiations will be held next week. Going forward, the two sides will build on the good momentum of the negotiations, focus on the remaining issues of the text and market access, and explore solutions in an active and pragmatic manner so as to benefit enterprises and investors of both sides at an early date. Thank you!