EU-China investment deal put on ice over sanctions

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Massive trade agreement stalls due to a diplomatic dispute sparked by China's Xinjiang policy. FMTNews EU China

The two sides signed the deal in 2020, but recent sanctions have jeopardised the deal.

“We now in a sense have suspended … political outreach activities from the EC side,” EU Executive Vice-President Valdis Dombrovskis told AFP in an interview. Trying to ratify the deal “will depend really on how broader EU-China relations will evolve”, he added. The pact has been defended as a much needed opening to China’s long-closed economy for European companies but was sure to face difficult ratification amongst the 27 member states as well as the European Parliament.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EU beefs up powers to control China investment | Malay MailBRUSSELS, May 5 — The EU commission today unveiled new powers to block state-backed companies making unfair inroads into Europe, as the bloc seeks new ways to respond to China’s rise. The new rules, once approved by member states and European Parliament, will give EU competition authorities new...
Source: malaymail - 🏆 1. / 86 Read more »