Off the wire
• India says PM's Belgium visit on, issues travel advisory  • Georgia steps up security measures after Brussels attacks  • Sri Lankan president calls for united action against terrorism following Brussels attacks  • Pakistan, Sri Lanka to broaden economic, political ties: envoy  • G20 Hangzhou Summit "launch pad" for global recovery  • Chinese president condemns terror attacks on Belgian capital  • Roundup: 11 dead in Bangladesh's local government polls violence  • China Hushen 300 index futures close lower Wednesday  • China treasury bond futures close higher Wednesday  • Chelsea star Mikel considers move to China: report  
You are here: 　 Home

China-U.S. investment treaty talks near completion: former minister

Xinhua, March 23, 2016 Adjust font size:

Talks over the China-U.S. bilateral investment treaty (BIT) are near completion with most key issues resolved, former Chinese Minister of Commerce Chen Deming said Wednesday.

Both sides have agreed in principle to take disputes between host country and investors to third party arbitration at the World Bank, Chen told the Boao Forum for Asia in Hainan Province.

Investment is a factor behind the weak global economy as thousands of contradictory multi-lateral, regional and bilateral treaties lead to confusion, he added.

The treaty is vital for free and easy investment is a key aspect of economic vitality, Chen said. The BIT will help Chinese companies invest overseas and fit better in the global value chain, he added.

A total of 24 rounds of talks have been held since negotiations started in 2008. Endi