December 4, 2020

China and the EU on Friday sent another strong signal that they are pushing to wrap up negotiations for a sweeping bilateral investment treaty (BIT) before year's end as planned and before US President-elect Joe Biden is set to take office in January, as senior officials held a "constructive" phone call on the negotiations.

Chinese Vice Premier Liu He spoke with Executive Vice President of the European Commission for An Economy Valdis Dombrovskis, and the two sides had "constructive communication" over the negotiations for the BIT, the Xinhua News Agency reported.

While the briefing statement did not offer details on the progress of the talks, it reaffirms that both sides remain committed to completing the negotiations before the end of the year as agreed by leaders, particularly given the crucial timing and certain complications, Chinese analysts noted.

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