Major European Union countries want to sign a memorandum of understanding on Chi...
BEIJING - Major European Union countries want to sign a memorandum of understanding on China’s Belt and Road initiative as a group and not as individual states, German Economy Minister Peter Altmaier said on Friday.
But key states like France and Germany have said China must in turn improve access and fair competition for foreign firms. “In the big EU states we have agreed that we don’t want to sign any bilateral memorandums but together make necessary arrangements between the greater European Economic Area and the economic area of Greater China,” Altmaier said when asked if he could see Germany signing a similar bilateral agreement to Italy.
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