China and the European Union will start discussions related to a landmark agreement. The main aim of the agreement is to increase investment and also to deal with difficult matters related with market-access. This was declared by the two sides in a summit meeting that was held on Thursday.

During the discussion, it was said in a speech in Beijing that the contract would not only raise sincerity but would also extend assistance and boost the investment which has not kept pace with growth in trade.

Prime Minister Li Keqiang of China said in his speech at the close of the annual meeting, "Trade volume between two sides has increased at very fast pace but we must realize that there is still great potential for China and the E. U. to increase direct investment between each other".

The vital partner of China in trade is Europe and for the European Union, China is just after the United States. The two-sided relationship has been weighed down because of a number of arguments over steel, wine, solar panels and other products.

As per the European Union delegation to China, bilateral business in goods and services went to 483.5 billion euros or $650.9 billion in the year 2012.