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China-EU CAI will be beneficial for both parties, world: MOFCOM

SOURCE / ECONOMY By Global Times Published: May 27, 2021 04:45 PM Gao Feng, spokesperson for China s Ministry of Commerce, at a press conference in Beijing  Photo: Li Qiaoyi/GTChina s Ministry of Commerce (MOFCOM) said on Thursday that the China-EU Comprehensive Agreement on Investment (CAI) is a mutually beneficial deal that will benefit the EU and the world, in response to a recent announcement by the European Parliament over freezing parliamentary debate on the deal. In responding to media questions, MOFCOM spokesperson Gao Feng said that China and the EU are important economic and trade partners with close business exchanges in a wide range of areas of cooperation, and a pattern of intertwined interests has been formed.

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