China - EU, Trade increase (Sylodium, Free international trade directory)

China and Europe started talks on an investment agreement and aim to boost bilateral trade to $1 trillion by 2020, according to Chinese Premier Li Keqiang.

China and Europe will also discuss the feasibility of a free-trade agreement and will have more cooperation in areas of transportation, infrastructure as well as science and technology innovation, according to the official Xinhua News Agency.

The aim of $1 trillion in bilateral trade would represent an 83 percent increase from last year, when China-EU trade totaled $546 billion, according to the Chinese Customs Office website. China supported Chinese companies to invest and do businesses in Europe and hopes Europe can further loosen restrictions on high-technology product exports to China.


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