CURRENT AFFAIRS

Detailed explanation-1: -UPSC Mains. Q. The European Union has signed an investment treaty with which Asian country recently? Notes: The European Union and China have recently agreed to the long-awaited investment treaty, which aims to open up new corporate opportunities.

Detailed explanation-2: -Joint statement by President von der Leyen and Prime Minister Lee on the EU-Singapore Digital Partnership. Joint statement by the EU and Singapore announcing the substantial conclusion of a new Digital Partnership between the EU and Singapore.

Detailed explanation-3: -The EU is committed to open trading relations with China. China is expected to conform to fair trade practices, to respect intellectual property rights, and to meet its obligations as a member of the World Trade Organization (WTO).

Detailed explanation-4: -The EU continues to deal with China simultaneously as a partner for cooperation and negotiation, an economic competitor and a systemic rival.

Detailed explanation-5: -The Agreement The EU-China CAI is an investment agreement which does not include trade issues and is mainly based on existing obligations under WTO law. As such, the Agreement in Principle revolves around three main issues: investments, sustainable development, and monitoring and enforcement mechanisms.