What other areas need to be broken in the rush of Sino EU investment agreement negotiations in the coming year?

category:Finance
 What other areas need to be broken in the rush of Sino EU investment agreement negotiations in the coming year?


According to the announcement from the European Commission, during the 34th round of video negotiations to be held from November 16 to 20, 2020, China and the EU have different opinions on sustainable development, especially on the mechanism to solve differences and labor problems. At the same time, the two sides also discussed the mechanism framework of market access and agreement, and also launched technical discussions around the issues of tax and exception clauses.

Recently, Ambassador Zhang Ming, head of the Chinese delegation to the European Union, also said in an interview with the media: the breakthrough of the two sides on the issue of fair competition means that the negotiation has taken a solid step forward. At present, the two sides are discussing issues such as sustainable development and negative list of market access.

Mapping: first finance and Economics

Work together to clear up the remaining obstacles as soon as possible

In November 2013, China EU bilateral investment agreement negotiations were officially launched at the 16th China EU leaders meeting; in April 2019, the two sides set the goal of reaching an investment agreement by 2020 in the joint statement of the 21st China EU leaders meeting.

As for whether an agreement can be reached within the year, Zhang Ming said in an interview: the negotiation of the China EU investment agreement is the most important issue in the bilateral economic and trade issues between China and the EU. Under the situation of novel coronavirus pneumonia worldwide and heavy losses in the world economy, China and Europe can undoubtedly release important positive signals if they can complete the investment agreement negotiations as scheduled, which is of great significance for helping the global economic recovery and maintaining an open international trade and investment environment.

As mentioned earlier, Zhang Ming also said that at present, China and the EU are conducting consultations on issues such as sustainable development and the negative list of market access.

A senior expert on China EU issues said in an interview with the first finance and economics reporter that the reason why the current negotiations are tangled in sustainable development is that Europe initially wanted to talk about the so-called new investment agreement, which includes social policy contents such as labor standards and environmental standards.

The expert pointed out that, on the one hand, the EU wants to show that it has the right to negotiate, that is, to tell China that it does not need to talk with Member States in the future, but to talk directly with the EU; on the other hand, the EU also wants to put some of its own ideas into it.

China attaches great importance to the Sino EU investment agreement negotiations. Zhang Ming said that the negotiation has reached a critical moment, and we hope that the European side will face China with a pragmatic and more constructive attitude, work together as soon as possible to clear up the remaining obstacles, strive to achieve the goals set by the leaders of both sides, and reach a comprehensive, balanced and high-level investment agreement within the year.

At present, both Chinese and European business circles have expectations for the conclusion of a China EU investment agreement within the year.

Zhou Lihong, President of the Chinese Chamber of Commerce of the European Union, said: at present, China and the EU are making a final sprint to complete the negotiations on the China EU investment agreement within this year. The Chinese Chamber of Commerce of the European Union is looking forward to the formal signing of the agreement and putting the negotiation of the China EU free trade agreement on the bilateral agenda as soon as possible, so as to realize investment facilitation and trade freedom in the two major economies of China and Europe, which cover 1.9 billion consumers Its not

Earlier, on the issue of whether it is expected to complete the negotiation of the agreement before the end of the year, Gao Feng, a spokesman for the Ministry of Commerce, told reporters of the first finance and economics department at a regular press conference on October 29: it is the common aspiration of China and the EU to reach an agreement at an early date.

China is willing to make joint efforts with the European side, fully take care of each others concerns on the basis of consensus building, and strive to achieve the goal of completing the negotiations within the year in accordance with the requirements of the leaders, and promote China EU economic and trade cooperation to a new level. Peak.

EU and Chinas total import and export reached a record high in the first eight months

At the same time, the pace of trade and investment between China and Europe rose against the trend during the epidemic period.

Zhang Ming said that since novel coronavirus pneumonia outbreaks, Global trade has been hit hard. Against this background, China and the EU have made joint efforts to overcome the difficulties and quickly reverse the downward trend of bilateral trade, which has become a bright spot in the global economic haze.

According to Eurostat, in the first eight months, the total import and export volume between the EU and China reached 374.7 billion euro, up 2.5% year on year.

For the first time in history, China has become the largest trading partner of the EU. At this special moment, this achievement is even more precious. Zhang Ming said that many media attributed the achievement to the pull of Chinas demand. According to China Customs statistics, in the first three quarters, Chinas imports of integrated circuits, biotechnology products, and computer and communication technology products from 27 EU countries increased by 12.4%, 35.7% and 11.8% respectively. The strong purchasing power of Chinese consumers also provided a broad market for high-quality EU products. Chinas imports of agricultural products from the EU increased by 29.8% over the same period, and cosmetics, clothing and other commodities also remained strong Strength increases.

Zhang Ming also said that the trade between China and the EU has also provided great support for bilateral cooperation in fighting the epidemic. According to Eurostat, in the first half of the year, Chinese made masks accounted for 92.3% of the EUs imports. According to Chinese statistics, in the first three quarters, China exported a total of 23.6 billion US dollars of all kinds of epidemic prevention materials to the European Union, an increase of 4.5 times.

In terms of investment, according to the statistical bulletin of Chinas foreign direct investment in 2019 (hereinafter referred to as the Communique) jointly released by the Ministry of Commerce, the National Bureau of statistics and the State Administration of foreign exchange, last year, Chinas direct investment in Europe (including EU and non EU countries) reached US $10.52 billion, an increase of 59.6% year-on-year, making it the largest growth region.

7% higher than that of the previous year. It mainly flows to the Netherlands (US $3.89 billion), Sweden (US $1.92 billion), Germany (US $1.46 billion), the United Kingdom (US $1.1 billion), Luxembourg (US $690 million), Switzerland (US $680 million), Italy (US $650 million). The 2020 proposal report recently released by the Chinese Chamber of Commerce of the European Union also shows that, although the business environment in the European Union is slightly down, the development pace of Chinese enterprises in Europe has not slowed down. On the one hand, the number of Chinese enterprises in Germany, Italy, Netherlands and other countries has achieved an average annual compound growth rate of more than 10% from 2013 to 2019; on the other hand, the contribution of Chinese enterprises to economic output value and the number of patents exported by Chinese enterprises are obviously catching up. From 2013 to 2019, the compound growth rate of economic output value corresponding to investment in Germany and Italy has exceeded 30% The compound growth rate of the number of patents applied for in the EU has reached 20%, which is far ahead of foreign enterprises, bringing real benefits such as economic output value and advanced technology to the EU. Source of this article: Guo Chenqi, editor in charge of first finance and Economics_ NBJ9931

7% higher than that of the previous year. It mainly flows to the Netherlands (US $3.89 billion), Sweden (US $1.92 billion), Germany (US $1.46 billion), the United Kingdom (US $1.1 billion), Luxembourg (US $690 million), Switzerland (US $680 million), Italy (US $650 million).

The 2020 proposal report recently released by the Chinese Chamber of Commerce of the European Union also shows that, although the business environment in the European Union is slightly down, the development pace of Chinese enterprises in Europe has not slowed down.

On the one hand, the number of Chinese enterprises in Germany, Italy, Netherlands and other countries has achieved an average annual compound growth rate of more than 10% from 2013 to 2019; on the other hand, the contribution of Chinese enterprises to economic output value and the number of patents exported by Chinese enterprises are obviously catching up. From 2013 to 2019, the compound growth rate of economic output value corresponding to investment in Germany and Italy has exceeded 30% The compound growth rate of the number of patents applied for in the EU has reached 20%, which is far ahead of foreign enterprises, bringing real benefits such as economic output value and advanced technology to the EU.