On brink of China-EU investment deal, eleventh-hour pressure comes from US and within Europe
- Days after Chinese foreign minister said the deal would prove the EU and China had much in common, Poland says it need not be rushed through
- Tweet by incoming US security adviser attempts to side with Europe over ‘China’s economic practices’
Poland became the first EU member state to cast doubt on the bloc’s rush to seal a “premature” investment deal with China.
“Europe should seek a fair, mutually beneficial Comprehensive Agreement on Investment with China. We need more consultations and transparency bringing our transatlantic allies on board,” Polish Foreign Minister Zbigniew Rau tweeted on Tuesday.
China scrambles to shore up support for investment agreement with EU
“A good, balanced deal is better than a premature one.”
Also on Tuesday, representatives from the 27 EU member states in Brussels pulled the China deal off their agenda for discussion.
“The Biden-Harris administration would welcome early consultations with our European partners on our common concerns about China’s economic practices,” Sullivan tweeted.
Sullivan’s remarks highlighted the possibility of an EU-China deal driving a rift between Washington and Brussels, a high-level EU diplomatic source said.
Earlier on Tuesday, there was speculation that Chinese Vice-Premier Liu He might call Valdis Dombrovskis, the European Commission’s trade chief, to finalise details of the 130-page deal, but the call did not take place.
According to an EU source, the commission has been asked to get a “rendezvous clause” from Beijing stipulating that a dispute resolution mechanism on investment protection should be further negotiated with Beijing.
However, support from European Parliament lawmakers would be required to ratify the deal, and some of them are unlikely to back it.
“Should we really help Xi Jinping [show] Joe Biden the middle finger?” tweeted Reinhard Bütikofer, a German member of the European Parliament who chairs the China delegation. “The whole idea that EU must hurry to strike a China deal to impress the US is misguided.”