Letzte Aktualisierung: May 21, 2021

European Parliament formally freezes CAI

The EU Parliament stops working on the investment agreement and demands a withdrawal of the sanctions from Beijing. A paragraph on non-profit organizations such as foundations, NGOs, and associations in the annex to the CAI is still causing uncertainty among those affected. In a briefing today, the EU Commission intends to provide answers to questions from German representatives of foundations and associations.

The timetable was ambitious: After the political agreement on the EU-China Comprehensive Agreement on Investment (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 working on the agreement on Thursday because of 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 favor, 30 against, and 58 abstained. These are the most important statements:
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