German Chancellor Angela Merkel said On The 5th That Although The EU-China Investment Agreement Will Encounter Some Difficulties In The Ratification Process, But This Is An Important Commitment, The EU And China Will Be Mutually Beneficial.
German Unionist Party Bundestag caucus held a video conference on transatlantic relations on the same day, Merkel said at the meeting, the EU-China investment agreement will bring more reciprocal treatment in market access, some provisions of the agreement will make the EU-China trade in the direction of mutual benefit.
Merkel said It is in Germany’s interest for China’s development and prosperity. A lack of China or confrontation with China would result in climate change, World Trade Organization-related issues and other international problems not being resolved.
On December 30, 2020, China and the EU jointly announced the completion of the China-EU Investment Agreement negotiations as scheduled. As the EU presidency in the second half of 2020, Germany and Merkel themselves have played an important role in promoting this within the EU.
However, The European Commission’S Executive Vice-President Dombrovskis Said In A Media Interview On The 4th Of This Month, Because Of The EU And China Sanctions After The Deterioration Of Diplomatic Relations between The Two Sides, The European Commission’S Efforts To Ratify The Agreement Has Been Effectively Suspended.