EU, China Sign Food Protection Deal Ahead Of Challenging Summit

EU, China to hold talks on blocked investment deal

EU, China to hold talks on blocked investment deal

The two sides agreed to speed up efforts to reach a deal by the end of the year, the China's official Xinhua News Agency said.

The COVID-19 pandemic has accelerated the profound changes unseen in a century, and mankind is standing at a new crossroads, he said.

The EU and China have been in talks since 2013 on a bilateral agreement that would ease Chinese restrictions on European companies.

In the post-pandemic era, China and the European Union are two major driving forces for peaceful development, Chen said, emphasizing that as multilateralism is challenged and global trade and investment are hindered, China and the European Union need to cooperate in mechanism building as well as rules and technological innovation, so as to tackle diverse challenges in the post-pandemic era.

However, EU leaders told Chinese President Xi Jinping that the bloc would no longer be taken advantage of and demanded a fairer relationship in trade.

European officials on Monday called on Beijing to open up markets and uphold human rights at a virtual EU-China summit.

"We were asked to conclude negotiations this year - this may be hard, because there are a number of systemic issues that still need to be addressed", Valdis Dombrovskis, the European Commission's executive vice president in charge of economic policy, told the Financial Times in June.

However, she emphasised that "there is still a lot that remains to be done in other important and hard chapters of the agreement, particularly in two areas: market access and sustainable development".

The two sides need to forge China-EU digital partnerships, Xi said, adding that China has put forward its global initiative on data security, and hopes that the EU will work with China to formulate standards and rules of the global digital field and promote the sound development of global governance in digital economy.

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"We as Europeans act in close cooperation - we offer our worldwide partners respect, and we expect the exact same from them", Maas said.

Personnel exchanges must be resumed in an orderly manner, and the cross-border movement of goods should be facilitated, Xi said.

Despite the pandemic, economic and trade cooperation between the two sides remain robust in 2020.

"There is no one-size-fits-all path to human rights development in the world". They claim that the Uighurs are treated equally, and that Beijing always protects the rights of China's ethnic minorities.

The French foreign ministry called Wang's comments "unacceptable", while Slovakia President Zuzana Caputova tweeted: "Threats directed at one of the European Union members and its representatives contradict the very essence of our partnership and as such are unacceptable".

"Overall, cooperation with China must be based on certain principles - reciprocity, fair competition. Now Europe's interest is just flagging".

Since 2001, when China ascended to the World Trade Organization, the two powers' economies have increasingly been linked. The dialogue on human rights will continue, he suggested.

The leaders also exchanged views on global and regional issues including the Afghanistan and the Iranian nuclear issues, agreeing to strengthen communication and coordination and to make joint efforts in maintaining worldwide and regional security and stability.

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