The European Commission said Tuesday that the EU’s efforts to obtain approval for a large investment deal with China were effectively “suspended” as diplomatic relations between the two sides deteriorated after the Tit-for-Tat sanctions.
“We have now, in a sense, suspended political support from the European Commission,” EU Vice President Valdis Dombrovski told AFP in an interview.
“In the current situation, EU sanctions against China and China’s counter-sanctions, including those against European Parliamentarians, are in place, and it is clear that the environment has not helped ratify the agreement,” said Donbrovsky. Stated.
“It will really depend on how much EU-China relations expand,” he added, when trying to ratify the agreement.
To the surprise of many, the European Union and China approved a large investment deal in late December, ending seven years of painstaking negotiations thanks to the final push by Germany.
The agreement has been defended as a very necessary opening to China’s long-term closed economy for European companies, but it has certainly faced difficult ratification between 27 member states and the European Parliament.
Former Latvian Prime Minister Donbrovsky is at the forefront of the approval process in the EU, already facing a backlash from major MEPs.
In March, the European Union sanctioned four Chinese officials on suspicion of human rights abuses in China’s westernmost Xinjiang Uygur Autonomous Region.
China responded by imposing its own sanctions on European politicians, scholars and research groups.
EU Efforts To Ratify China Investment Deal On Ice After Sanctions Source link EU Efforts To Ratify China Investment Deal On Ice After Sanctions