Eversheds has commented on the announcement that China and the European Union will begin talks on a landmark treaty aimed at boosting investment.
Stephen Kitts, Asia managing partner at Eversheds, said: ‘This is another example of China and Europe recognising that there is mutual benefit to clearing away some historic baggage to facilitate a more open commercial dialogue to ease the flow of capital between the two regions. Outbound investment is a fundamental component of China’s economic plan and Europe is seen as being a relatively benign economy in which to invest and do business.
According to Kitts, Europe is keen to attract new sources of capital and China is a very obvious — and willing — investor. ‘These developments lay down some foundations for positive investment activity in both China and Europe in the medium term,’ he added.