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EU and China agree a milestone investment deal

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The president of the European Commission has confirmed that the EU and its second largest trading partner, China, have reached an agreement “in principle” to extend their existing trade and investment pact.

In a tweet on Wednesday, European Commission President Ursula von der Leyen announced that years of talks had been concluded.

“The EU has the largest single market in the world. We are open for business but we are attached to reciprocity, level playing field & values,” she wrote.

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