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EU investment negotiations with China and ASEAN

EU News 442/2013

MEMO/13/913
Brussels, 18 October 2013

The Ministers of the Foreign Affairs Council (Trade) today adopted mandates which will allow the European Commission to negotiate investment agreements with China and the Association of South East Asian Nations (ASEAN) member countries (Brunei Darussalam, Myanmar/Burma, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand, and Vietnam).

EU investment negotiations with China

An EU-China investment agreement would be the EU's first ever stand-alone investment agreement since foreign direct investment became the exclusive competence of the EU under the Lisbon Treaty. It would streamline the existing bilateral investment protection agreements between China and 26 EU Member States into a single, coherent text.

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EU-ASEAN negotiations on investment

The Ministers of the Foreign Affairs Council (Trade) today also decided to modify the already existing negotiating directives for the EU-ASEAN negotiations towards a Free Trade Agreement (FTA) to include investment provisions after investment has become part of the EU’s common commercial policy following the entry into force of the Lisbon Treaty. The decision will allow the European Commission to complete the negotiating agendas of the already on-going negotiations for Free Trade Agreements with Malaysia, Vietnam and Thailand by including investment protection in those FTAs.

Source and additional information:
http://europa.eu/rapid/press-release_MEMO-13-913_en.htm?locale=en