Answer to Written Question: Comprehensive consideration of the interests of each Member State in the EU-China investment agreement
(Source: European Parliament)
Answer given by Executive Vice-President Dombrovskis
on behalf of the European Commission
The EU-China Comprehensive Agreement on Investment (CAI) was negotiated with due regard to the interests of all EU Member States and all Member States endorsed the negotiated outcome. No special role was reserved for any single Member State during the negotiations.
The Agreement has a comprehensive sectoral scope for services and also contains significant commitments on manufacturing, which makes up more than half of total EU investment in China – including 28% for the automotive sector and 22% for basic materials. CAI binds China’s existing level of liberalisation in China’s 2020 Negative List, as well as any new market openings China will make in the future. China has committed to lift Joint Venture (JV) requirements in a number of sectors, notably in banking, trading in securities, insurance and asset management; in business services such real estate services, rental and leasing, repair and maintenance for transport, convention services, photographic services, services incidental to agriculture, translation services; in environmental services; and for investment in medical institutions in eight key ‘Tier-1’ cities of 100 million urban population; and to lift all JV requirements in the automotive manufacturing by 2022. CAI also brings additional market opening in sectors of EU’s key offensive interest, for instance, manufacturing (electric cars), private healthcare, cloud services, auxiliary air transport services.
Finally, CAI improves the level playing field for all EU investors through the inclusion of disciplines on state-owned enterprises, transparency for subsidies, and prohibition of forced technology transfers. These will allow EU companies to benefit from fairer treatment when competing in the Chinese market.