The European Commission will seek the support of EU governments to launch talks with China on an investment pact that could be a precursor to a free-trade deal if Brussels and Beijing can overcome growing tensions.
EU trade chief Karel De Gucht said on Thursday he would ask the European Union’s 27 countries to agree a negotiating mandate for a deal with China that would reduce barriers to each other’s markets and encourage new capital flows.
Documents seen by Reuters this week show that a much more ambitious trade agreement could be considered after an investment pact – but only if China and the European Union can work out their differences.
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Robin Emmott, Reuters via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/Bey3f3pDYv0/
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