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Caixin

China's pledge on forced labor saved investment deal: EU envoy

Last minute concession on international convention was decisive

EU Ambassador to China Nicolas Chapuis speaks at a news conference in Beijing on Jan. 17.    © Reuters

China and the European Union were just a week away from missing the year-end target for their sweeping new investment accord when China made a key concession on accepting international conventions on forced labor, EU Ambassador to China Nicolas Chapuis told Caixin in an interview.

China's last-minute commitment to ratify the fundamental conventions of the International Labor Organization (ILO) cleared away the final hurdle, the French diplomat Chapuis said. Chinese and European leaders announced a political agreement on bilateral investment on Dec. 30, opening China to expanded access by European companies. The two sides have since been finalizing the legal text.

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