China’s president and European leaders met Wednesday to mark their agreement on an investment deal between the European Union and China despite a request for talks on the issue by the incoming administration of President-elect Joe Biden.
Chinese President Xi Jinping, German Chancellor Angela Merkel and French President Emmanuel Macron joined EU leaders Ursula von der Leyen and Charles Michel in a video conference to conclude negotiations over the deal, which removes a number of barriers to European companies’ investment in China.
After Wednesday’s video meeting, von der Leyen tweeted: “The EU has the largest single market in the world. We are open for business but we are attached to reciprocity, level playing field & values. Today, the EU & China concluded in principle negotiations on an investment agreement.”
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