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Why tactical bargaining won the EU-China Investment Deal


Why tactical bargaining won the EU-China Investment Deal
REUTERS/Jason Lee
In late December 2020, the European Union (EU) and China reached an agreement for the framework of a new investment deal, the EU-China Comprehensive Agreement on Investment (CAI). The signing of the agreement caused considerable debate: even though the EU expressed its willingness to work closely with the Biden administration, Brussels concluded the investment agreement with Beijing on its own, weeks before the inauguration of the Biden presidency. Rather than reading too much into geopolitical positioning behind the agreement, we should see the CAI episode as revealing that the EU’s institutional, economic, and geopolitical interests are not always in sync. In the CAI, traditional political proclivities, institutional dynamics, and tactics superseded Europe’s strategic interest in transatlantic coordination and its consideration of communist China as a ‘systemic rival.’ ....

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Biden Promised to Confront China with an 'Alliance of Values.' Europe said No, Thanks


Biden Promised to Confront China with an Alliance of Values. Europe said No, Thanks | Opinion
Newsweek
2/4/2021
Jeremy Stern
© DOMINIQUE JACOVIDES/ Getty Images
German Chancellor Angela Merkel stands behind Russian President Vladimir Putin and Chinese President Xi Jinping in Osaka Castle Park during the G20 Summit in Osaka on June 28, 2019.
Joe Biden has for months now conveyed his intention to confront China by forming an alliance of values with Europe. The plan was to pressure Beijing to change its tune on democracy, human rights, and trade by showing a united front on these issues. But in only his first two weeks, Berlin, Paris, and Brussels have sent an explicit message that common values cut no ice with them if Biden doesn t also link them to common commercial interests. In what must have been an unwelcome surprise, the European Commission has negotiated a landmark investment treaty with China, and German Chancellor Angela Mer ....

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