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In a move that could upset US, China seals pact with EU

New Delhi, Dec 31: The European Union leaders and the Chinese sealed a landmark pact which would make it easier for their companies to invest in each other. President of China, Xi Jinping had earlier this month intervened to extend key market access concessions to businesses under the EU-China Comprehensive Agreement on Investment. It was the persuasion by Xi that that made the European Union accede to the pact. Brussels expects to open up lucrative opportunities for its businesses. In a move that could upset US, China seals pact with EU European Commission President Ursula von der Leyen tweeted after a video call with President Xi, ” today the EU and China concluded in principle negotiations on an investment agreement.”

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