Flags of China and the European Union is seen in this photo. (Photo: VCG)

BEIJING -- With joint efforts from both parties, China-EU investment agreement negotiations have recently made major progress with promising prospects, a Chinese Foreign Ministry spokesperson said Tuesday.

Spokesperson Wang Wenbin made the remarks at a press briefing in response to a query about the latest development of the negotiations.

"I hope that the agreement can be reached as soon as possible to provide a solid institutional framework for China-EU economic and trade cooperation and bring tangible benefits to the enterprises and peoples on both sides," said Wang.