During the High Level Economic and Trade Dialogue in Beijing, Vice-Premier Ma Kai informed Commission Vice-President Jyrki Katainen that China will contribute to the Commission's €315 billion Investment Plan for Europe. China is the first non-EU country to announce its contribution to the Plan.
As well as this announcement, the two sides agreed to set up a joint working group to increase cooperation between the EU and China on all aspects of investment. The working group will include experts from China's Silk Road Fund, the Commission, and the European Investment Bank (EIB). The EIB, the Commission's strategic partner in the Investment Plan, was also represented at the HED in Beijing.
The European Commission and the Chinese government also signed a Memorandum of Understanding on the EU-China Connectivity Platform to enhance synergies between China's "One Belt One Road" initiative and the EU's connectivity initiatives such as the Trans-European Transport Network policy. The Platform will promote cooperation in areas such as infrastructure, equipment, technologies and standards. This will create multiple business opportunities and promote employment, growth and development for both sides, and it will be done in cooperation with the EIB.
Finally, the EU encouraged deepened collaboration between China and the European Bank for Reconstruction and Development (EBRD), including the examination of a possible membership in the EBRD in line with its rules.
Full press release
© European Commission
Hover over the blue highlighted
text to view the acronym meaning
over these icons for more information
No Comments for this Article