European Union countries will agree next month to talks with China on a pact making it easier to do business, possibly paving the way for a free-trade deal between two of the world’s biggest markets, EU officials said on Tuesday.
Brussels and Beijing want to negotiate an accord to break down barriers to each other’s markets and encourage billions of euros of new investment between the two, in a push for better ties after narrowly avoiding a trade war earlier this year.
Trade between Europe and China has doubled since 2003 and is worth more than 1 billion euros ($1.3 billion) a day, but China receives just 2 percent of the EU’s investment abroad.
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