VOA: EU Suspends China Trade Deal as Tensions Grow Over Xinjiang, Hong Kong
LONDON - European and Chinese leaders are urging swift ratification of the trade deal they agreed to in December, after tensions over accusations of human rights abuses in China delayed approval of the deal by European Union lawmakers.
The EU-China Comprehensive Agreement on Investment (CAI) took seven years of negotiations and was finally agreed to in principle December 30, 2020, following a virtual summit between EU and Chinese leaders.
Europe said it was the most ambitious trade deal China had ever undertaken with a third party.
However, EU Commission Executive Vice President Valdis Dombrovskis said last week that efforts to get the deal ratified by lawmakers in the European Parliament had been halted.
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WNU Editor: Even though EU leaders are pressuring the European Parliament to approve the deal, my read of the Parliament is that the majority of members would rather see the deal in its current form die in committee. And as more details become known, support for this trade deal is losing ground.
1 comment:
Not blowback from the virus but who doesn't know of it's origin?
I have felt for some time china is just too pushy in dealing with others. This response by the EU is part of a slowly growing wake up call for a heavily indebted china.
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