SCMP: EU-China investment deal faces backlash in European Parliament
Wed February, 2021, Age: 3 years
The E.U.’s “Comprehensive Agreement on Investment” with China, inked in December of last year, came under intense pressure at a meeting of the Committee on International Trade on Wednesday. Members of the European Parliament accused Brussels of ignoring Chinese treatment of the Uighurs, its crackdown on democrat activists in Hong Kong. MEP’s also charged that the CAI was essentially a middle finger to the incoming Biden Administration. The CAI still needs to be ratified by the European Parliament and approved by the heads of state or government of the EU member states before it can go into force. Maria Martin-Prat, the EU’s lead negotiator with China, stressed that the E.U., “needs the economic growth that exists in a country like China.” The EU and China are still working on ironing out the language and official translation of the text and ratification is set for next year. However there are mounting calls in the E.U. to sanction China for its actions in Hong Kong and Xinjiang.