The　negotiation　of　the　Comprehensive　Agreement　on　Investment　(CAI)　between　the　EU　and　China　has　convened　over　34　rounds　in　the　last　seven　years.　The　CAI,　when　finally　established,　will　constitute　a　historical　first,　unprecedented　in　being　the　most　detailed　and　important　agreement　between　the　EU　and　China　ever.　It　is　expected　that　both　parties　will　bring　negotiations　to　a　close　with　the　signing　of　the　agreement　either　by　the　end　of　2020　or　not　long　thereafter.　This　paper　presents　an　overview　of　these　negotiations,　with　an　assessment　of　its　potential　impact　on　bilateral　investment　and　economic　cooperation　between　the　two　parties.　Consequentially,　the　further　elimination　of　investment　and　trade　barriers　between　China　and　Europe　should　lead　to　the　steady　recovery　and　growth　of　the　global　economy　in　the　post-pandemic　era.