The EU’s top trade official has warned that plans to broker an investment treaty with China by the end of next year are in jeopardy, saying talks are moving at a “snail’s pace” and urging more political commitment from Beijing.
The treaty is a priority for EU capitals as they seek greater access to the Chinese market for European investors and businesses — potentially outflanking the US, which recently concluded a “ first phase” deal with Beijing on trade.
But Sabine Weyand, the European Commission’s director-general for trade, said on Tuesday that commitments from Beijing earlier this year to intensify talks had yielded little real progress.
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