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* The EU and Chile have today signed an Advanced Framework Agreement and an Interim Trade Agreement to strengthen political cooperation and foster trade and investment. The signature took place at a meeting between Executive Vice-President and Commissioner for Trade Valdis Dombrovskis, High Representative/Vice-President Josep Borrell, the Chilean Minister of Foreign Affairs Alberto van Klaveren Stork, the Spanish Minister for the Economy and Digital Transformation Nadia Calviño and the Spanish Minister of Foreign Affairs, European Union and Cooperation José Manuel Albares on behalf of the Spanish Presidency of the Council. * TDM Law Journal Special Issue on The Future of Investment Law in Latin America; El Futuro del Derecho de las Inversiones en América Latina - free excerpt https://lnkd.in/eaWCH8Ge

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Relive the insightful moments from last week's inaugural lecture by Professor Dr. Law Siong Hook, titled ''Financial Development and Economic Growth – Friends or Foes? The Roles of Institutions'' through this recap video montage. https://lnkd.in/gwakUDC4

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"The EU and China are major economic partners with €2.3 billion in goods trade per day. However, with an EU trade deficit of almost €400 billion, this relationship is critically and structurally imbalanced. The EU does not intend to decouple or to turn inwards. The EU therefore raised concerns about underlying distortions and the negative effects of manufacturing overcapacity in China's economy. The EU stressed to China the importance of achieving a more balanced economic relationship with a level playing field and reciprocity... The EU expressed its expectation that China takes concrete action to improve market access and the investment environment for EU investors and exporters. The EU recalled that de-risking but not decoupling aims at strengthening resilience by addressing critical dependencies in specific sectors, in full compliance with the World Trade Organisation rules. The EU and China share an interest in an effective multilateral rules-based trading system, equipped to address key challenges of our time. The EU stressed the two sides' joint responsibility to ensure a transparent and competitive environment for the digital economy, including a level playing field for artificial intelligence that respects human rights and fundamental freedoms. The EU underscored the common goal of avoiding fragmentation of standards for information and communication technologies... The leaders agreed to relaunch the High-Level People-to-People Dialogue in 2024. Leaders welcomed continued cooperation on climate change and the environment, as exemplified by recent agreement to work further on emissions trading and circular economy. As major economies, the EU and China must lead global efforts to reduce greenhouse gas emissions including at the ongoing COP28. The EU acknowledged recent progress on expansion of renewable energy and China's intention to tackle methane emissions... Leaders also discussed debt sustainability, food security, health and pandemic preparedness, biodiversity, water, ocean governance, plastic pollution, and deforestation. The EU reiterated its deep concerns about the human rights situation in China... The EU welcomed the resumption of the Human Rights Dialogue in February 2023 and underlined its expectation for the next dialogue to take place in 2024 in China. The EU reaffirmed its consistent One China policy and expressed concerns about increased tensions in the Taiwan Strait... We oppose any unilateral attempts to change the status quo by force or coercion. Disputes must be resolved through peaceful means in accordance with international law, in particular the United Nations Convention on the Law of the Sea (UNCLOS). Leaders further discussed the situation on the Korean Peninsula, in Afghanistan, Myanmar, and Iran. " 24th EU-China Summit: engaging to promote our values and defend our interests, Press Release, 7 December 2023, https://lnkd.in/gZ3b8Eej

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