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China says EU investment deal gives legally binding market access commitments - Metro US

China says EU investment deal gives legally binding market access commitments

EU Commission President von der Leyen and EU Council President Michel have a video conference with Chinese President Jinping, in Brussles

BEIJING (Reuters) – China and the EU have provided one another with mutually beneficial market access commitments in the bilateral investment agreement the two sides reached on Wednesday, an official from the Chinese commerce ministry said.

Although the European investment market is relatively open, the deal gives Chinese companies legally binding access commitments, Li Yongjie, deputy director of the department of treaty and law at China’s Ministry of Commerce, said at a late-night media briefing in Beijing.

(Reporting by Gabriel Crossley; writing by Tom Daly; Editing by Alison Williams)

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