China and EU decided to support synergies between their flagship initiatives: the Investment Plan for Europe and the Belt and Road Initiative
The 17th bilateral summit between the European Union and China took place on June 29, 2015 in Brussels. The summit concluded with the adoption of the joint statement as well as the joint statement on climate change.
China and the EU decided to support synergies between each other's flagship initiatives, namely the Investment Plan for Europe, and the “Silk Road Economic Belt” and “21st Century Maritime Silk Road” (The Belt and Road Initiative) initiatives, and directed the EU-China High-Level Economic and Trade Dialogue in September to develop practical avenues for mutually beneficial co-operation, including through a possible China-EU co-investment vehicle.
Both sides welcomed the conclusion of negotiations on the Articles of Agreement for the Asian Infrastructure Investment Bank (AIIB) and stressed that the AIIB should complement the existing multilateral development banks in addressing Asia's extensive needs for infrastructure investment in a sustainable manner.
Both sides reaffirmed their commitment to the G20 as the premier forum for international economic co-operation. The EU expressed its support for the Chinese chair of the 2016 G20 Summit and the successful implementation of the G20 comprehensive growth strategies, employment plans and other agreed initiatives.