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The video conference of China EU leaders was held on the 22nd local time. After the meeting, Dr. Jurgen Friedrich, director general of the German federal agency for foreign trade and investment, said in a written interview with the head office reporter that he hoped that the China EU trade agreement could be reached as soon as possible. He pointed out that for German companies, China is already one of the most important markets in the world. At present, more than 5200 German enterprises have invested in China, creating more than one million jobs. At the same time, China is also Germany's largest trading partner in the world. In 2019, the bilateral trade volume between China and Germany will exceed 200 billion euro, accounting for more than one third of China EU trade. Therefore, deepening economic and trade cooperation between China and the EU will benefit German companies greatly.
Friedrich said that German enterprises have long hoped for a successful investment agreement between China and Europe to create equal investment conditions and fair market access. He expected the two sides to reach an agreement in the fields of climate protection, international security and digital technology.
According to the prediction of the International Monetary Fund, China is one of the few countries that can still achieve positive GDP growth in 2020. In response, Friedrich believes that EU companies will also benefit from the rapid recovery of China's economy. In his view, the sustainability of economic recovery also depends on global cooperation. Therefore, the German economic community hopes that China and the EU can continue to cooperate on the development of international trade and climate protection standards. The successful implementation of the investment agreement can also pave the way for a comprehensive free trade agreement. (Yu Peng, Ruan Jiawen, reporter from the head office)
