EU-China investment deal put on ice over sanctions

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.

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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...
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