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On December 30, 2020, the European Union (EU) and China marked a new level of engagement with the completion of negotiations on the Comprehensive Agreement on Investment (CAI). It also commits China to increasing purchases of U.S. manufacturing, energy and agricultural goods and services by at least $200 billion over two years. Other EU countries were excluded from the negotiations. China and Europe trade on average over EUR 1 billion a day and the treaty is aimed at doubling the bilateral trade. This is true as regards foreign investment in general. EU-China (CAI) Investment agreement US-China (Phase 1 Deal*) Trade agreement Asia-Pacific (RCEP**) Trade agreement Market access -Financial services Yes (same as Phase 1) Yes Yes (same as Phase 1)-Other economic sectors Yes - Yes (below CAI) Level playing field-State owned enterprises Yes - Dombrovskis said on financial services the EU had secured the same benefits as the Phase 1 trade deal agreed to by the US and China last January. The agreement grants EU investors a greater level of access to China’s market in existing sectors, as well as offering some significant new market openings, such as in the manufacturing, services, telecommunications (cloud services), financial services, private healthcare, and environmental services sectors, among others. Areas where EU companies will win enhanced access rights include the automotive sector, telecoms equipment, cloud-computing, private healthcare and ancillary services for air transport. The EU-China Comprehensive Agreement on Investment (CAI) should improve EU companies’ access to China and ‘level’ the playing field. In the following sector the Chinese economy will be opened-up further: manufacturing, cloud services, financial services, private healthcare, environmental services, international maritime transport and air transport-related services. The EU-China investment deal was about seven years in the making. On financial services, the deal will secure the same benefits for the EU as the US obtained in its “Phase 1” trade deal with the country, including openings on insurance and asset management. Does it resolve problems in the EU-China trade relationship? ... many financial services and for private hospitals in large cities, advertising, real estate and environmental services… This is a propitious time for the publication of the Syndex study, which will help inform European trade unions about the state of play in the … The treaty is … Some of that good old ‘We love EU’. The European Union's stance on China is hardening, and that should go down well in Washington. The agreement should move towards that famous concept of reciprocity that European countries have been asking of china for a long time, and that is to say, to be able to enter the Chinese market under the … The EU-China investment deal may be anachronic in a bifurcating world. China and the European Union have reached the final agreement for the signing of the comprehensive agreement on investment (CAI), which has been under discussion for seven years.. Europe has finalized an investment agreement with China that is designed to rebalance trade with the world's second largest economy, despite US concerns that the deal could be counterproductive. The EU said on Wednesday it signed a trade and investment agreement with China, talks for which had started way back in 2014, which will give … According to press reports, the breakthroughs paving the way for the EU-China agreement in principle seem to involve major concessions from China to open to EU companies sectors including manufacturing, financial services, real estate, construction, and auxiliary services to support shipping and air transport. It notes that much criticism of the CAI surfaced before the provisional agreement … Fortunately for European investors, the EU-China investment deal plans on lifting the joint venture requirements for a number of key industries. The Agreement on investment will create a better balance in the EU-China trade relationship. The European Union and China agreed an investment pact on Wednesday, which Brussels believes will help redress what it sees as imbalanced economic ties. “The investment agreement between China and the EU is a heavy blow to the US’s agenda to ‘marginalise’ … The 27-nation bloc said the agreement is the most ambitious that China has ever agreed with a third country and will give additional access to many areas including the electric cars and hybrid vehicles sector, as well as private hospitals, telecoms, cloud and financial services, international maritime transport and air transport-related services. ... Dombrovskis said on financial services the EU had secured the same benefits as the Phase 1 trade deal agreed to by the US and China last January. Dombrovskis said on financial services the EU had secured the same benefits as the Phase 1 trade deal agreed to by the US and China last January. The EU-China Comprehensive Agreement on Investment would improve access to the Chinese market for European companies, reduce discrimination and offer more protection for investors. At the beginning of the negotiations, it was also known as the EU-China Bilateral Investment Treaty (BIT) 2, an agreement in which both sides agree to provide protections for the other’s foreign investments that they would not otherwise have. The negotiations already started in 2013 and took 35 rounds of talks, even though Chinese Premier Li Keqiang and former president of the European Council Van Rompuy thought the deal could be reached by 2016. 0. The Portuguese MEP from the centre-left EP Group of the Progressive Alliance of Socialists and Democrats notes that CAI is set to promote the Union’s core values and sustainability objectives”. Business Times - 10 February 2021. The deal will also put the EU on the same footing as the US when it comes to operating in the Chinese financial services market. Chinese companies will receive binding commitments of access to the EU market under a new investment agreement, while China will open up its financial, manufacturing and services … A landmark EU-China investment deal The aim is to provide investors on both sides with predictable, long-term access to the EU and Chinese markets and to protect investors and their investments. EU-China Investment Agreement Is a Win-Win . Joint venture requirements and foreign equity caps have been removed for banking, trading in securities and insurance (including reinsurance), as well as asset management. A 2017 study suggested that the agreement could increase EU foreign direct investment (FDI) stock in China by as much as 0.6 percent to 1.9 percent, … China-EU investment negotiations have also been promoted. Factbox-Whats and Whys of the EU-China Investment Agreement. The deal will also put the EU on the same footing as the US when it comes to operating in the Chinese financial services market. ... for EU investors in China have posed major challenges for EU-China investment relations in ... concern sectors such as oil and gas, resource management, and trading and financial services. 4 Commission, Q&A: EU-China Comprehensive Agreement on Investment (CAI), 30 Dec. 2020. General Policy. The EU-China investment deal is a major step towards negotiations on a free-trade agreement. 2. It notes that much criticism of the CAI surfaced before the provisional agreement … While the arrangement is controversial, the CAI sets the stage for increased two-way FDI between the global financial powers. 3 Commission Press release, EU and China reach agreement in principle on investment, 30 Dec. 2020. After seven years of negotiations, the European Commission claimed that the EU-China investment deal is the “most ambitious” commitment China has ever made. The landmark EU-China Comprehensive Agreement concluded in late December is drawing a stiff backlash from civil society advocacy groups as well as in the European Parliament over the alleged failure by Brussels to secure stronger commitments from Beijing to address the country's poor track record on labor standards and widespread human rights violations. Financial Services EU-China Comprehensive Investment Agreement – China Briefing News. China promises to ban forced labour under EU investment deal, Politico. add_alert. The next step of ratification by the European Parliament will no doubt fuel a broader debate about the European Union’s place in the world; its relationship with the Chinese government whose approach is at odds with the espoused liberal values … The importance of close economic ties of the German economy with international markets and the functioning of supply chains is being highlighted during the Corona crisis. The China angle to the EU-China investment deal. At the beginning of the negotiations, it was also known as the EU-China Bilateral Investment Treaty (BIT) 2, an agreement in which both sides agree to provide protections for the other’s foreign investments that they would not otherwise have. add_alert. For the moment, it does not look like we have the basis for greater and deeper economic relations with China. The agreement will bring greater certainty to Chinese investors and secure their access to the environmental sector, including renewables. The European Union and China recently signed a New Investment Treaty after seven years of negotiations. In 2013, the European Commission published an impact assessment on the EU-China investment relations accompanied by a recommendation for a Council Decisions authorising the opening of negotiations of an EU-China CAI. But it also leaves the incoming Biden administration with a headache over US-China relations in the post-Trump era. The deal, known as the EU-China Comprehensive Agreement on Investment, has been stalled by sparring between China and the EU over human rights abuses by the Chinese regime and Chinese demands for access to Europe’s energy markets. EU-China investment agreement: A checklist. EU-China Comprehensive Agreement on Investment opens manufacturing options, dodges forced-labor issues The European Commission has finalized its long-anticipated investment agreement with China. EU-China investment agreement: A checklist. Whats and whys of the EU-China investment agreement, Reuters EU-China relations and the CAI The 27-country bloc is China’s largest trade partner, while the Chinese market is the second largest destination for EU goods and services after the US. China and the European Union concluded long-running negotiations on a bilateral investment agreement this week to give each region’s businesses greater access to the other’s markets. The CAI's objective is to rebalance the asymmetry in terms of market access and investment between the EU and China. • To protect investors and their investments. The EU-China Comprehensive Agreement on Investment took several years and dozens of negotiations to craft. The EU-China Comprehensive Investment Agreement (CIA) has held 35 rounds of negotiations since its launch in 2013. On 30 December 2020, China and European Union (“EU”) concluded in principle the EU-China Comprehensive Agreement on Investments (“CAI”), a bilateral treaty that will replace existing bilateral investment treaties between individual EU Member States and the Mainland China (“China”), which will provide a uniform legal framework.. The EU-China Comprehensive Agreement on Investment took several years and dozens of negotiations to craft. Brussels, 12 March 2021. As agreed during the joint virtual conference between the heads of member states, once signed and ratified, the CAI is … Add to Email Alerts . the EU. But it also leaves the incoming Biden administration with a … Lawyers, academia and economists believe that the CAI is a step forward in economic and trade relations between the China and the EU, but factors such … Financial services: China had already started the process of gradually liberalising the financial services sector and will grant and commit to keep that opening to EU investors. 2. On 30 December 2020, the EU and China jointly announced that the negotiations for a Comprehensive Agreement on Investment (CAI) reached agreement in principle.At a time when the global economy, plagued by unilateralism and protectionism, is plunged into an unprecedented recession due to the COVID-19 pandemic, the influence of the EU-China Agreement on Investment is far-reaching. 05. The agreement grants EU investors a greater level of access to China’s market in existing sectors, as well as offering some significant new market openings, such as in the manufacturing, services, telecommunications (cloud services), financial services, private healthcare, and environmental services sectors, among others. The EU-China investment deal is a major step towards negotiations on a free-trade agreement. The European Commission has today published the schedules of commitments agreed under the EU-China Comprehensive Agreement on Investment (CAI), concluded in principle on 30 December 2020. EU-China Investment Agreement Is a Win-Win . 05. The EU has traditionally been much more open than China to foreign investment. 4 Min Read. The facts: The pace of EU-China negotiations on the Comprehensive Agreement on Investment (CAI) intensified significantly as 2020 drew to a close.Before the end of the year the deal was struck - despite the reservations of some member states and calls from the incoming Biden-Harris administration in the United States for “early consultation” with Europe on “common concerns about … Objectives include improving transparency, leveling the playing field, and improving market access commitments. After seven years of negotiations, the European Commission claimed that the EU-China investment deal is the “most ambitious” commitment China has ever made. ... Why did the EU negotiate an investment agreement with China? EU-China investment agreement raises tensions with US. The EU-China investment deal is a major step towards negotiations on a free-trade agreement. Factbox-Whats and whys of the EU-China investment agreement. (ATF) The Comprehensive Agreement on Inve stment that China reached with the European Union last week will help reduce the risk of Beijing being “marginalised” and give China more bargaining power to handle economic and trade conflicts with the US, analysts have said.