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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

 

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

 /  🏆 5. 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.

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...
Källa: malaymail - 🏆 1. / 86 Läs mer »