EU pushes China to knuckle down to trade and investment commitments ahead of summit

17 April 2019 2:03pm
The EU and China are still wrangling over a draft joint communiqué for their annual bilateral summit next Tuesday as Beijing pushes back on key demands from Brussels.

Talks will continue over the weekend, but prospects for a breakthrough are bleak due to China’s reluctance to sign off on the “ambitious” proposals for the statement, according to senior EU officials.

An early EU draft had included a long list of trade and investment commitments. It asked Beijing to take several steps this year to open up its economy to European companies by lowering market-access barriers and dropping discriminatory requirements for foreign investors such as forced technology transfers.

By Joanna Sopinska.