Sun, 11 Apr 2021

EU-China investment deal faces backlash

ANI
25 Feb 2021, 04:03 GMT+10

Brussels [Belgium], February 24 (ANI): The European Commission on Wednesday faced backlash on its investment deal with China in the European Parliament and was forced on the backfoot in a lively session of the Committee on International Trade.

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, South China Morning Post reported (SCMP) reported.

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 President) Xi Jinping""It is particularly deplorable that European leaders sided with the Chinese in the decision to send a signal to the incoming US administration that amounts to a show of the middle finger," he said, as quoted by SCMP.

Last month, the EU-China investment deal faced a new hurdle as a growing number of European Parliament members expressed concern over the mass arrests of over 50 pro-democracy politicians in Hong Kong under Beijing's draconian National Security Law.

"The situation in Hong Kong is followed closely by parliamentarians," said Bernd Lange, head of the EU parliament's trade committee, which will be responsible for reviewing the deal later this year, quoted South China Morning Post.

"Concerns about political freedom and human rights have played a prominent role in past debates on trade policy and will surely do so in the case of the CAI (EU-China Comprehensive Agreement on Investment)," he added, referring to the comprehensive agreement on investment.

The mass arrests, Lange said, "mark a violation of the spirit of the EU-China investment deal's sustainability commitments", which include human rights.

Guy Verhofstadt, a prominent EU Parliament member and former Belgian prime minister, went even further, saying the parliament "will never ratify the China Comprehensive Agreement on Investment without commitments and proof that the human rights of Hongkongers, Uygurs and Tibetans improve". (ANI)

More Pakistan News

Access More

Sign up for Pakistan News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!