Edition: International | Greek
MENU

Home » EU Actually

What will happen with Merkel, Von der Leyen and Michel’s landmark trade deal with China?

The EU joined the U.K., the U.S. and Canada in slapping sanctions on Chinese officials involved in the crackdown on the Uyghur minority in Xinjiang

By: N. Peter Kramer - Posted: Wednesday, March 24, 2021

“By acting with our partners, we are sending the clearest message to the Chinese government, that the international community will not turn a blind eye to such serious and systemic violations of basic human rights, and that we will act, in concert, to hold those responsible to account.”
“By acting with our partners, we are sending the clearest message to the Chinese government, that the international community will not turn a blind eye to such serious and systemic violations of basic human rights, and that we will act, in concert, to hold those responsible to account.”

N. Peter Kramer’s Weekly Column

The EU joined the U.K., the U.S. and Canada in slapping sanctions on Chinese officials involved in the crackdown on the Uyghur minority in Xinjiang. “By acting with our partners, we are sending the clearest message to the Chinese government, that the international community will not turn a blind eye to such serious and systemic violations of basic human rights, and that we will act, in concert, to hold those responsible to account,” British Foreign Secretary Raab told the Commons.

But… Beijing immediately hit back with punitive measures against the EU: a host of EU officials, MEP’s including the complete sub-committee for Human Rights, ambassadors and other diplomats, institutes, families were targeted and some businesses were banned from trading with China. Members of the European Parliament on the list include the head of the Parliament’s China delegation, Reinhard Butikofer.

China’s sanctions on MEPs and EU bodies are “unacceptable and will certainly have consequences,” said EP President David Sassoli at a meeting with the blacklisted MEPs, adding that “the European Parliament and the European institutions will not be intimidated.” A shudder went through China after these brave words.

The big question now is, what will happen with the landmark EU-China trade deal, personally brokered late last year by Angela Merkel, Ursula Von der Leyen and Charles Michel with Chinese President Xi-Jinping. The EU’s hope was that the deal would make life easier for key investors in China such as German carmakers. Politico quoted, as an answer to the question, Philippe Le Core, China specialist at the Harvard Kennedy School in Boston: ‘My feeling is that China doesn’t care if the deal doesn’t take place. It was more a symbolic victory for China’.

READ ALSO

EU Actually

‘Free debate and exchange of views is vital. Even when you disagree’.

N. Peter KramerBy: N. Peter Kramer

Hungarian Prime Minister Viktor Orban will speak today at the National Conservatism Conference in Brussels, a two-day far-right conference

View 04/2021 2021 Digital edition

Magazine

Current Issue

04/2021 2021

View past issues
Subscribe
Advertise
Digital edition

Europe

A ‘difficult’ summit: Corporate tax, single supervision scrapped from conclusions

A ‘difficult’ summit: Corporate tax, single supervision scrapped from conclusions

European Council President Charles Michel said the EU leaders’ competitiveness summit was tough, but significant decisions were still taken

Business

Artificial intelligence and competitiveness in the retail sector

Artificial intelligence and competitiveness in the retail sector

The importance of AI and machine learning in the retail market is confirmed by the projected dramatic growth of AI services worldwide, which will skyrocket from $5 billion to $30 billion by 2030

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2024. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron