News Formal

EU efforts to ratify China investment deal on ice after sanctions

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 66%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

A rewarding negotiation always involves a good cop and a bad cop.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 6. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

China sets investment quota for scheme to integrate Hong Kong, MacauChina set an initial quota of 150 billion yuan (US$23.2 billion) for transactions under its Wealth Management Connect scheme that links southern ...
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »