Europe strikes major investment deal with China despite US concerns

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Europe has finalized an investment agreement with China that is designed to rebalance trade with the world's second-largest economy, despite US concerns that the deal could be counterproductive.

Brussels and Beijing have been negotiating the Comprehensive Agreement on Investment for seven years, but talks gathered pace in recent months ahead of a joint deadline that had been established for the end of 2020.Negotiations were completed on Wednesday during a video conference with Chinese President Xi Jinping and EU officials, according to a statement from the European Commission."The European Union has the largest single market in the world.

Jake Sullivan, who has been tapped to be President-elect Joe Biden's national security adviser, responded last week to a post on Twitter about the EU agreement, saying the administration"would welcome early consultations with our European partners on our common concerns about China's economic practices.

 

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Thanks trumpy

Loves NAMBLA.

Through the investment agreement, China has agreed to ratify two conventions of the ILO about forced labour. Good enough? no, of course not, but at least the start of using economic leverage for good purposes.

All thanx to the greatest deals president USA has ever seen 🙈. Tired of all the winning yet?!

Stop buying chinese products-Go 2 India 4 them.

I dont blame the rest of the world at all for moving past us. They should and probably will do better without our government. It will be years before we recover politically and reputation.

Trump destroyed America , just what Russia wanted...

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