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EU efforts to ratify China investment deal on ice after sanctions

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The European Commission said on Tuesday (May 4) that efforts to win approval for the EU's massive investment deal with China were effectively ...

Share this contentBRUSSELS: The European Commission said on Tuesday that efforts to win approval for the EU's massive investment deal with China were effectively"suspended" given the soured diplomatic relations between both sides after tit-for-tat sanctions.

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 a difficult ratification amongst the 27 member states as well as the European Parliament.Dombrovskis, a former Latvian prime minister, is in charge of spearheading that approval process in the EU, which has already met with pushback from key MEPs.

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