EU, China agree to investment pact despite forced labour concerns
By Emily Rauhala
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Washington: The European Union and China reached an agreement in principle Wednesday on a long-stalled investment pact, a diplomatic victory for China and a snub to the incoming Biden administration, which had pointedly called for Europe to wait.
The agreement, which must be ratified by the European Parliament, gives European and Chinese companies better access to each others markets. It was pushed forward by Germany and China but is viewed with scepticism by people concerned about China s use of forced labour, among other abuses.