Critics May Rage But They Are Powerless to Stop Major EU-China Investment Deal, Author Says | WHAT REALLY HAPPENED X-Frame-Options: DENY X-Frame-Options: SAMEORIGIN

Critics May Rage But They Are Powerless to Stop Major EU-China Investment Deal, Author Says

European and American critics are continuing attempts to exert pressure on Brussels in a bid to refurbish or even hinder the EU-China investment deal. Beijing-based commentator and author Thomas Weir Pauken II explains what's behind the People's Republic's confidence amid simmering tensions over the agreement.

In response to mounting criticism from human rights groups and trade unions, Brussels is poised to reveal the details of its much discussed Comprehensive Agreement on Investment (CAI) with China ahead of the ratification of the treaty by the European Parliament, according to the Financial Times.

The EU-China deal was struck on 30 December 2020 and is seen by its backers as a breakthrough that will reinvigorate European business including the automotive sector, private healthcare and cloud computing - granting them greater access to the China markets. A coalition of 36 civil societies and trade unions urged EU chiefs earlier this year to add "enforceable human rights clauses" to the deal and to clear up the labour standards. Brussels argues that the accords will provide the EU with leverage in pushing the government of Xi Jinping to observe these commitments.

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