The European Union and the Asian country of
China have reached the final stage of the discussion to develop an investment
The discussion process is expected to meet its
end this week itself. The deal assures the EU better access to the Chinese market.
It also promises improved competition conditions.
The discussion over the deal actually began nearly
five years ago. It was progressing in a slow phase. It was the trade war
between China and the EU which brought a new impetus to the process.
The new deal has come at the time the European
Union and the United Kingdom is negotiating for developing a trade deal.
The deal is expected to improve the relation
between the Asian country of China and the wealthiest countries in the continent
It is now clear how the development will
affect the relation between the European Union and the Unites States – which is
at present not in a good relation with the Asian communist power.
The deal is expected to benefit both China and the EU.
The EU is a very huge market.
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