Tag: EU-China Comprehensive Agreement on Investment

EU-China investment deal faces flak in European Parliament
Asia, China, World

EU-China investment deal faces flak in European Parliament

In a session of the European Parliament on international trade on Wednesday, the Ministers of the Parliament (MEPs) lashed out at the European Commission on its investment deal with China overlooking human rights conditions in China and Hong Kong.According to media reports, MEPs accused Brussels of overlooking concerns over the prevailing human rights conditions in China, glossing over Beijing’s crackdown in Hong Kong, and not bothering about the Biden administration.The Comprehensive Agreement on Investment (CAI) was signed in December last year, however, it still needs to be ratified by the European Parliament and approved by the EU Council.German MEP Reinhard Butikofer, who chairs the parliament’s delegation for relations with China, said the deal was a “Christmas present for (Chinese P