EU-China Comprehensive Agreement on Investment (CAI)

On Wednesday (December 30), Chinese President Xi Jinping met with EU leaders, German Chancellor Merkel, and French President Macron through a video link. China and the EU jointly announced the completion of investment agreement negotiations. The agreement is known as EU-China Comprehensive Agreement on Investment (CAI), it is expected to enable European companies to better enter the Chinese market and improve competition conditions by opening market and eliminating discriminatory laws and practices. And also to help EU companies competing in the Chinese market on an equal basis with Chinese companies and companies from other third countries. Finally, it still needs…