The prospect is worrying! The EU cancels the review meeting of the China-EU Comprehensive Investment Agreement

On March 24, a reporter asked at the regular press conference of the Ministry of Foreign Affairs: In view of China's announcement of sanctions against Europe, the European Parliament decided to cancel the review meeting of the China-EU Comprehensive Investment Agreement. What is China's comment? Foreign Ministry Spokesperson Hua Chunying said that the China-EU Investment Agreement is not a "gift" from one party to the other, but is mutually beneficial.

According to the Ministry of Foreign Affairs' official website, on March 22, the European Union imposed unilateral sanctions on Chinese individuals and entities under the pretext of lies and false information, using the so-called Xinjiang human rights issue. China responded by firmly opposing and strongly condemning this, and decided to impose sanctions on 10 individuals and 4 entities from the European side who have seriously damaged China's sovereignty and interests and maliciously spread lies and false information.

This is the first time the EU has imposed sanctions on China since 1989, and China's quick response and countermeasures seem to have stepped on the tails of several European countries. Tensions continue to escalate. At this time, the European Parliament canceled a review meeting on the China-EU Comprehensive Investment Agreement . Previously, some people quoted CNBC reports that the deteriorating tensions between the EU and China may jeopardize an investment agreement recently negotiated by the two sides.

Not long ago, the China-EU Geographical Indications Agreement, signed on September 14, 2020, finally came into effect on March 1, 2021. It was commented by Xinhua News Agency as "the first comprehensive and high-level geographical indications agreement signed by China with a foreign country. The entry into force of the agreement will further strengthen China-EU economic and trade cooperation and benefit consumers and businesses on both sides of China and Europe." Some people believe that this is the first major trade agreement reached between China and the EU in so many years.

Previously, the EU promised to push for the completion of negotiations on the China-EU Investment Agreement this year. If the China-EU Investment Agreement can be reached this year, a free trade agreement between China and the EU will become more likely, which will be beneficial to both China and the EU.

Some people have previously speculated that the United States is making a fuss about the Xinjiang cotton issue in order to force the EU to distance itself from China, directly setting China against the so-called "human rights", and even fabricating fake news to serve as "real hammer" in order to force the EU to take sides.

After all , the United States was already uneasy about the fact that China suddenly made major concessions to the EU in a number of key areas that had long been unresolved last December, and reached a China-EU Comprehensive Investment Agreement with the EU in principle. This move by China was seen as a major measure for China to win over European countries in order to disintegrate the anti-China alliance formed by the new US Biden administration and its allies.

Now, the European Parliament has decided to cancel the review meeting originally scheduled for the 23rd on the signing of the China-EU Comprehensive Investment Agreement, which means that the milestone China-EU Investment Agreement is now hanging by a thread. If the China-EU Comprehensive Investment Agreement is to be implemented, it must also be approved by the European Parliament. Some analysts said that at this critical moment, if China-EU relations deteriorate, the prospects of the China-EU Comprehensive Investment Agreement will be overshadowed.

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