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EU, China seek breakthrough on investment treaty

The European Union and China are about to launch their third round of negotiations on an investment agreement that both sides hope will make it easier and safer for businesses to operate in each other's environments and widen access for companies.

BRUSSELS: The European Union (EU) is engaging China in a third round of negotiations.

Both parties are trying to reach an investment agreement and a delegation from Europe is in Beijing to find a breakthrough.

China and the EU are about to launch their third round of negotiations on an investment agreement that both sides hope will make it easier and safer for businesses to operate in each other's environments and widen access for companies.

The EU though is set to bring a fresh pack of concerns to talks in Beijing. A 2014 Business Confidence survey released last week shows European companies are scaling back investment in China due to growing competition, ongoing disparities in the marketplace and concerns about a slowdown of economic growth in China.

Europe has had a surge in Chinese investment interest recently with a tour of President Xi Jinping's in London seeing a number of substantial business deals being signed.

Chinese premier Li Keqiang has been focused on trade during his trip to London this week.

Both the EU and China hope they will be able to get this investment agreement signed as soon as possible to open channels for trade and business further.

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