On the 18th OCT 2013, the European Union also finalized the ASEAN countries and China expand investment neighbor agreement negotiations, and announced the completion of the EU - Canada Free Trade Agreement negotiations. As Canadian living in the North American Free Trade Agreement (NAFTA) among the European Union and Mexico into the North American market will be more convenient, but also the objective for the United States and Europe across the Atlantic (market share it trading point) Free Trade Agreement (TTIP) negotiations waves.
In Shanghai Free Trade Zone is an important symbol of China's new leadership also is pushing to join the World Trade Organization after 12 years, a new round of opening up, and the EU launched negotiations on a bilateral investment treaty also consistent with China's national interests.
But after more than a year, the negotiations did not seem to have been placed on the agenda. Negotiations within the EU path for the differences may be a big reason; Now, the Member States solves this problem.
(PartnershipandCooperationAgreement,PCA). Familiar with the operation of the European Union in Brussels, analysts say, given the different interests between EU member states demands, some EU member states tend to talk about EU "Partnership andCooperationAgreement"(PartnershipandCooperationAgreement,PCA).(EC-ChinaTradeandEconomicCooperationAgreement). This agreement defines the two sides PCA broad comprehensive strategy and partnerships, covering trade and investment negotiations launched in January 2007; and replacing the so-called "85 Agreement", that China and the then European Economic Community in 1985. the signing of the "EU-China trade and economic cooperation agreement" (EC-ChinaTradeandEconomicCooperationAgreement).
According to China's Ministry of Commerce website public message until June 2010, China and the EU is still perfect "85 Agreement" section for consultations. However, this agreement does have provisions, this does not affect between China and the EU signed a new cooperation agreement economic empowerment.
Traditional investment agreement negotiations refers to investment protection. In addition to Ireland, the current EU member states and China signed a bilateral investment protection agreements, has been in the treatment of foreign investors, capital flows has made provision and protection. EU is expected to be further enhanced on this issue requires.
EU diplomatic missions of the information provided on the day that the EU negotiations on investment agreements, the main goals include: reducing barriers to investment in China, in order to increase bilateral investment; enhance the EU and China in the Chinese investment in Europe by protection; upgrade EU investors in China's treatment of legal certainty.
Market access issues, is expected to become the focus of the negotiations. The information above mentioned EU diplomatic missions: to enhance the European Investment market access in China to address some important issues, such as the hope that European companies investing in China must face the problems of joint ventures.
EU Trade Commissioner De Gucht on June 21 in Beijing with Chinese Commerce Minister Gao meetings, consultations bilateral investment agreement negotiations preparations. Focus of the talks was also included: Some areas of market access barriers, financial and telecommunications services licensing and market access issues.
In a telephone interview from Brussels, EU Member States diplomatic officials told this newspaper that China and the EU has a very close trade, the number of large and positive, but bilateral investment remains uneven. Information provided by the EU diplomatic corps, said the daily EU bilateral trade in goods and services worth more than one billion euros. However, the EU's foreign direct investment in China is only 2.1 percent, accounting for only two sides of total foreign direct investment of 3%.In contrast, the EU 30% of foreign direct investment in the United States.
EU bilateral investment activities, the intensity of the EU investment in China more than China to Europe now have to invest. The European Commission said reference Eurostat data, in 2011, EU investment in China amounted to 17.5 billion euros, the same year, Chinese enterprises invest in the EU is 28 million euros.
Chinese Ministry of Commerce on October 17 the latest data show that from January to September this year, China's EU investments in high-growth 108.1%, the growth rate came in investment in the U.S. increased 250% after the second.
However, the German Development Institute investment policy researcher Yi Kexi Berger (AxelBerger) bilateral investment agreements do not think the EU will encourage Chinese investment in major growth. Berger told this newspaper that hinder Chinese investors to enter the European barriers that Chinese companies face a strange and highly regulated under the market, the lack of operational experience.
Berger hopes investors in the United States and Europe from the broader context of the tripartite considerations: Central European investment agreement negotiations heralded the emerging global investment regulatory triangle. Central Europe, Central America, the United States and Europe are conducting negotiations on a bilateral investment agreement will promote market access, transparency and other aspects of state-owned investment liberalization rules upgraded to a global standard.
(Source: Global Metal mesh)