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European Parliament formally freezes CAI

The timetable was ambitious: After the political agreement on the EU-China Investment Agreement(CAI) at the end of December, Brussels had targeted its ratification for spring 2022. Now things are burning on several fronts. As expected, the European Parliament stopped work on the agreement on Thursday. The reason is the sanctions from Beijing. The MEPs passed a resolution on the matter that was quite a challenge. In it, they demanded the withdrawal of the punitive measures. Although such resolutions are not legally binding, they reflect the positions of the EU Parliament. It has the right to vote on this matter. The resolution received a broad majority: 599 MEPs voted in favour, 30 against, 58 abstained. The most important statements at a glance:

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