EU puts massive China investment deal on hold
RFI
06 May 2021, 17:47 GMT+10
A European Union spokesperson has said that remarks by a high-ranking EU Council member to the effect that the ratification of the EU-China investment deal has been "suspended" were taken out of context. But will the treaty, that has been seven years in the making, be put into effect any time soon?
On Tuesday, the EU Commission's Trade Councillor Valdis Dombrovskis cast doubt on the prospects of a rapid ratification of the China EU Comprehensive Trade Agreement (CAI,) a deal which was signed "in principle" last December, after seven years of intense negotiations.