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EU suspends efforts to ratify controversial investment deal with China

The EU has suspended efforts to ratify an investment deal with China because of tensions between Brussels and Beijing. The agreement was reached in principle last December but had yet to receive the necessary endorsement from EU institutions, such as the European Parliament. We have for the time being [.] suspended some efforts of political awareness on the part of the Commission because it s clear that, in the current situation, with the sanctions of the EU against China and the Chinese counter-sanctions, including against Members of the European Parliament, the environment is not conducive to the ratification of the agreement, Valdis Dombrovskis, executive vice-president of the European Commission, told French news agency AFP in an interview.

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