The screen shows aslotvideo conference of the leaders of the European Union and China. on Wednesday, December 30, 2020, which both sides agreed on "Comprehensive Agreement on Investment (CAI)
Despite the executive committee representative Joe Biden urging the EU to hold on. But the EU has moved on with an investment deal with China. with the intention of getting it done before the new US government has a chance to intervene. This pointed out that Biden's proposal to form a Western Front of Unity to oppose China Failure does not reflect commercial reality.
Representatives of the upcoming Joe Biden Board of Directors. have already made an effort But it still failed to stop the EU from agreeing on an investment treaty with China on Dec. 30.
After seven years of negotiations with frequent interruptions, German Chancellor Angela Merkel and French President Emmanuel Macron have also pushed forward for a definitive agreement for the officially named treaty. The "Comprehensive Agreement on Investment (CAI)" will precede the new US administration on Jan. 20.
A German government official which came out to explain the background, but did not want to reveal the name It said Europe would like to offer a deal that has already been completed to the Washington side. Before the new US administration had the opportunity to exert pressure on Europe to keep its distance from China. As for China, of course, there is such a demand.
“The members of the Biden team in Brussels trying to campaign against the EU's deal with China It is touted that it can exert more pressure on China in future talks,” said German center-right Die Welt.
One of the key motivators in Berlin and Paris is Europe's growing economic sway towards the Chinese market. Five years ago, Germany's exports to China accounted for just over half of Germany's exports to China. German goods transported to the United States But this year, the volume of exports to China has surpassed the US sales. China became Germany's largest trading partner in 2018 (when calculated including export and import volumes).