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EU, China agrees on investment deal to grant better access to each other's markets

2020-12-31 22 Dailymotion

EU•중국, 투자협정 체결 합의…"中시장접근권 전례없이 확대"<br /><br />China has reached an investment deal with the 27-member European Union,... that will open new market opportunities for businesses of both sides.<br />Kim Hyo-sun reports.<br />The European Union and China on Wednesday inked a major investment deal following seven years of negotiations.<br />The agreement, in particular, will grant greater access for European companies to the Chinese market,... but it has the potential of further souring Beijing's ties with Washington.<br />European companies will be given additional access to many of China's industries, including the electric car and hybrid vehicle sectors, as well as private hospitals, telecoms and cloud services.<br />Speaking during a video conference with European leaders,... Chinese President Xi Jinping said the deal showcases Beijing's determination and confidence in opening up its market.<br />He added that the agreement will offer a better business environment and wider markets for investors from both sides.<br />For the agreement to enter into force,... it needs to be ratified by the European Parliament,... but the issue of China's human rights could be a sticking point.<br />Following the conclusion of the deal,... the White House openly criticized China for its response to COVID-19.<br />Taking to Twitter on Wednesday,... the National Security Council criticized China for hindering a transparent investigation into the origin of the virus.<br />Kim Hyo-sun, Arirang News.<br />

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