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. 

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Author: Vicky Nanjappa

just a reporter

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