WASHINGTON – America and China Agree To Reach An Agreement To Invest; China and the United States have agreed to accelerate work in the investment agreement after China promised to open more sectors of its economy to foreign investors and that, according to a person familiar with the negotiations on Friday, adding that the agreement is not imminent.
The source said, “we still have a long way we have to go.”
He said Chinese President Xi Jinping and US President Barack Obama after a meeting on Friday that the two countries agreed to enhance the work on an investment agreement between the two sides.
Before the visit, Michael Froman, the US Trade Representative said that the Beijing narrowing the list of proposed exceptions relating to bilateral investment agreement, said a source familiar with the talks he progress at this point was.
The source added, “We have conducted an improvement certainly negative in their list they have become willing to clarify the additional sectors that want to open.”
The negative list include industries to foreigners can not invest in them.
And synchronization of progress in investment with China’s willingness to make commitments to narrow the scope of its review of the security push talks forward agreement.