by More Cold War 2.0 stuff. Blocs forming again.The European Commission has said that efforts to ratify a massive investment deal with China have been in effect suspended after tit-for-tat sanctions were imposed over China’s treatment of its Uyghur population in March.“We now in a sense have suspended … political outreach activities from the European Commission side,” said the commission’s executive vice-president, Valdis Dombrovskis, on Tuesday. He said that the current state of relations between Brussels and Beijing was “not conducive” for the ratification of the deal, which is known as EU-China comprehensive agreement on investment.The cost of "standing on principle."The European Union and China approved a controversial investment agreement in late December after seven years of marathon
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The European Commission has said that efforts to ratify a massive investment deal with China have been in effect suspended after tit-for-tat sanctions were imposed over China’s treatment of its Uyghur population in March.The cost of "standing on principle."“We now in a sense have suspended … political outreach activities from the European Commission side,” said the commission’s executive vice-president, Valdis Dombrovskis, on Tuesday. He said that the current state of relations between Brussels and Beijing was “not conducive” for the ratification of the deal, which is known as EU-China comprehensive agreement on investment.
The European Union and China approved a controversial investment agreement in late December after seven years of marathon negotiations. The German chancellor, Angela Merkel, gave the talks a final push; the Chinese market is especially important to German carmakers and manufacturers who have a large presence in the country.The GuardianAt the time, the pact was defended as a long-overdue opening to China’s vast market that would benefit European companies....
EU ‘suspends’ ratification of China investment deal after sanctions
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