A statement issued by European officials on Monday reported that China and the European Union are expected to reach an agreement this week that will allow EU companies to gain better access to the Chinese market, improve better trade relations and protect EU investment in China.
Discussions on investment agreements have been underway since 2014 but stalled for years as Beijing allegedly failed to make promises to lift sanctions on EU investment.
However, due to trade tensions between the United States and China may have helped change its position and create an agreement between Beijing and Brussels, officials said.
According to EU officials, the talks will be completed as soon as possible as there are positive developments and the main obstacles are only small details that need to be resolved. Most likely, this agreement will be signed this Wednesday.
Following the Brexit agreement with Britain, the agreement with China will be another important episode for 27 European countries. The Euro jumped 0.36% against the US dollar.
