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EU to negotiate investment deal with China.

| BRUSSELS, Oct 18 (KUNA) -- EU trade ministers meeting in Luxembourg Friday gave the green signal for negotiations to begin with China on an investment agreement. The main objectives of an agreement would be an enhanced protection of EU investments in China and vice versa, improved legal certainty regarding the treatment of EU investors in China, said the ministers in a statement.

Other objectives include reduction of barriers to investing in China and, as a result, increasing bilateral investment flows and improved access to the Chinese market. The aim would be to complete negotiations no later than two and a half years after they have started, it added. Meanwhile, in a separate statement the ministers said they also agreed to open negotiations on investment protection provisions with countries of the 10-member ASEAN (Association of Southeast Asian Nations) as part of on-going free trade negotiations. Following the suspension of talks on a region-to-region FTA with the ASEAN countries, the EU in December 2009 decided to pursue negotiations bilaterally, in particular with Singapore.

ASEAN is the EU's third largest trading partner outside Europe. (end) nk.ajs KUNA 181917 Oct 13NNNN

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Publication:Kuwait News Agency (KUNA)
Geographic Code:9CHIN
Date:Oct 18, 2013
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