1/10
Why concluding promptly (👉this year) the 🇪🇺-🇨🇳 Comprehensive Agreement on Investment (#CAI) is not a good idea
Two main arguments
1)📍 it goes against the latest EU's sharpen China policy 👉 "Strategic Outlook", outcomes of the latest EU-China summits, etc.
Why concluding promptly (👉this year) the 🇪🇺-🇨🇳 Comprehensive Agreement on Investment (#CAI) is not a good idea
Two main arguments
1)📍 it goes against the latest EU's sharpen China policy 👉 "Strategic Outlook", outcomes of the latest EU-China summits, etc.
2/10
2)📍& it gives China a win when it comes to the PRC's goal of preventing/undermining close transatlantic copperation on China (as the #CAI negotiations might be finalised before Biden's inauguration)
2)📍& it gives China a win when it comes to the PRC's goal of preventing/undermining close transatlantic copperation on China (as the #CAI negotiations might be finalised before Biden's inauguration)
3/10
Bearing in mind the aforementioned arguments:
📍EU should stick to its own words that
a) is committed to the substance of specific arrangements of #CAI that increase market access, not to the timing of the deal’s conclusion 👉the latter is being pushed by China
Bearing in mind the aforementioned arguments:
📍EU should stick to its own words that
a) is committed to the substance of specific arrangements of #CAI that increase market access, not to the timing of the deal’s conclusion 👉the latter is being pushed by China
4/10
b) must be a player not a playing-field 👉last-minute consessions from the Chinese side made the EU a playing field not a player...
c) expects from China SUBSTANTIAL PROGRESS when it comes to #CAI 👉are Chinese concessions/promises SUBSTANTIAL and reciprocal?
b) must be a player not a playing-field 👉last-minute consessions from the Chinese side made the EU a playing field not a player...
c) expects from China SUBSTANTIAL PROGRESS when it comes to #CAI 👉are Chinese concessions/promises SUBSTANTIAL and reciprocal?
5/10
📍EU should consequently pursue its own new understading of reciprocity which means to be similarly open and/or closed as the PRC is. 👉Do the latest Chinese concessions (in fact, promises) meet this condition? History of EU-China (or WTO membership) shows it is doubtful
📍EU should consequently pursue its own new understading of reciprocity which means to be similarly open and/or closed as the PRC is. 👉Do the latest Chinese concessions (in fact, promises) meet this condition? History of EU-China (or WTO membership) shows it is doubtful
6/10
📍EU should be aware what is going on in China right now:
China is preparing for less market-oriented economy, and its own version of decoupling
👉 see published in August in《求实》 XJP's speech about Marxist political economy as the cornerstone of China's economy.
📍EU should be aware what is going on in China right now:
China is preparing for less market-oriented economy, and its own version of decoupling
👉 see published in August in《求实》 XJP's speech about Marxist political economy as the cornerstone of China's economy.
7/10
👉 see results of the latest 5th Central Committee Plenum with highly promoted the "dual circulation"/国内国际双循环 notion that focuses on China's self-reliance, mostly in technologies and high-tech industry
👉 see results of the latest 5th Central Committee Plenum with highly promoted the "dual circulation"/国内国际双循环 notion that focuses on China's self-reliance, mostly in technologies and high-tech industry
8/10
👉see just published national security rules on foreign investment that might be seen as backtracking from opening-up policies
👉see just published national security rules on foreign investment that might be seen as backtracking from opening-up policies
9/10
📍Finally, what about China's promises/concessions that go beyong purely economic issues such as normative ones (e.g. human rights, international law, etc) that are the EU's DNA? Why to give China a win with #CAI knowing what is going on in Xinjiang, Tibet, Hong Kong, etc?
📍Finally, what about China's promises/concessions that go beyong purely economic issues such as normative ones (e.g. human rights, international law, etc) that are the EU's DNA? Why to give China a win with #CAI knowing what is going on in Xinjiang, Tibet, Hong Kong, etc?
10/10
For more arguments against prompt conclusion of #CAI see the text by group of China experts "EU should not rush investment deal with China"
euobserver.com/opinion/150432
For more arguments against prompt conclusion of #CAI see the text by group of China experts "EU should not rush investment deal with China"
euobserver.com/opinion/150432
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