EU tells Xi Jinping that China must show investment deal worthwhile

The European side said Beijing must follow up recent offers to pursue fairer economic policies with more concessions in order for an investment deal to be achieved by year-end

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European Union | Xi Jinping | China

Bloomberg 

xi jinping, EU, angela merkel
Chinese President Xi Jinping speaks during a video meeting with German Chancellor Angela Merkel and other EU leaders

The stepped up demands on to open its market further to foreign investors, seeking to keep alive a goal for a far-reaching agreement this year even as disagreements over human right issues could fuel uncertainty.

Following a video conference that brought together German Chancellor Angela Merkel, EU summit chair Charles Michel, European Commission chief Ursula von der Leyen and Chinese President Xi Jinping, the bloc’s representatives said the ball is in China’s court to meet a 2020 target date for sealing the long-sought investment deal.

The European side said Beijing must follow up recent offers to pursue fairer economic policies with more concessions in order for an investment deal to be achieved by year-end.

has to convince us that it is worth having an investment agreement,” von der Leyen told reporters in Brussels after the video conference, which replaced an original plan for a full EU-leaders’ meeting in Germany. “We need China to move.”

While Xi agreed that both sides need to “accelerate” the negotiations for the deal, he shrugged off Europe’s “lecturing” over human rights issues and doubled down on the stance that any criticism of Beijing’s policies in Xinjiang and Hong Kong is meddling in China’s internal affairs, according to official Xinhua News Agency.

“There is no universal path for human rights development, and no single best way to protect human rights,” Xi told the EU leaders. “I believe Europe could find good solutions to its own problems. China doesn’t accept a lecturer on human rights.”

Michel told reporters that Xi appeared to be willing to allow visits by diplomats into the far western province of Xinjiang -- where Uighur Muslims have been detained in mass internment camps. But Merkel said details still needed to be worked out.

Strained Ties

The EU and China have been in negotiations since 2013 on a bilateral pact that would reduce Chinese restrictions on European companies. In April last year, the EU and China set a target date of end-2020 for reaching an “ambitious” investment deal.

EU-China relations have been strained this year by alleged Chinese disinformation about the coronavirus, by Beijing’s controversial national-security law for Hong Kong and by stepped-up European efforts to protect domestic manufacturers from foreign competitors.

Still, the bloc is keen to show economic rewards from a policy approach toward China that is less confrontational than that pursued by U.S. President Donald Trump’s administration.

The EU argues that the global economic slump triggered by the coronavirus strengthens the case for an accord that would open the Chinese market more to foreign investors.

Merkel said an EU-China investment deal this year is still possible, telling reporters in Berlin that “the whole thing has gotten a political impulse” as a result of Monday’s video conference.

“This is about protecting our own strategic interests,” Merkel said. “In the last 15 years, China has become much stronger economically -- that means the demand for reciprocity, for a level playing field, is of course today very much justified.”

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First Published: Wed, September 16 2020. 02:11 IST
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Kerala Chief Minister Pinarayi Vijayan on Tuesday lashed out at BJP state chief K Surendran, for raising "baseless allegations" against the former's family in the LIFE Mission (Livelihood Inclusion and Financial Empowerment) project "kickbacks" matter.

Mr Vijayan, when asked about the BJP chief's allegations, said K Surendran has "lost his mental stability" and, without any sense of decency, has been raising allegations without any basis.

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At a press meet on Monday, Mr Surendran alleged that the investigation agencies should probe and interrogate Mr Vijayan's daughter and said his family members were allegedly involved in securing kickbacks in the Life Mission project.

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EU tells Xi Jinping that China must show investment deal worthwhile

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The president pointed out that these were the only two peace deals between Israel and the Arab States in more than a quarter of a century. Egypt was the first Arab State to sign a peace deal with Israel in 1979. Jordon signed a peace pact in 1994. “Now we have achieved two in a single month and there are more to follow,” Trump said.

As per the agreements, the UAE and Bahrain will establish embassies, exchange ambassadors, cooperate and work together with Israel across a range of sectors, including tourism, trade, healthcare and security. “They are friends. The Abraham Accords also open the door for Muslims around the world to visit the historic sites in Israel and to peacefully pray at Al-Aqsa Mosque in Jerusalem, the third holiest site in Islam,” Trump said, amidst applause and cheer from more than 200 invited guests. Together these agreements will serve as the foundation for comprehensive peace across the entire region, Trump said.

Netanyahu described the accord as a “pivot of history”, heralding a new dawn. “For thousands of years the Jewish people have prayed for peace. For decades, the Jewish state has prayed for peace and this is why today we are filled with such profound gratitude,” he said. “You have heard from the president that he has already lined up more and more countries. This was unimaginable a few years ago. But with resolve, determination, a fresh look at the way peace is done, this is being achieved,” Netanyahu said.

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Foreign Minister Zayed said the UAE is witnessing a change in the Middle-East, one that gives hope around the world. “We are witnessing today a new trend that will create a better path for the Middle-East,” he said.

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Foreign Minister Zayani said peace between the Kingdom of Bahrain and the State of Israel is a step on the road to genuine and lasting security and prosperity. For too long the Middle East has been set back by conflict and mistrust causing uncontrolled destruction and thwarting the potential of generations of our best and brightest young people. Now I am convinced we have the opportunity to change that, said the minister from Bahrain. Soon after the signing, the White House, in a statement, said the deal will strengthen peace in the region, giving Muslims increased access to the Al Aqsa Mosque. This will counter the extremists who use the false narrative that the Al Aqsa Mosque is under attack and that Muslims cannot pray at this holy site, it said.

President Trump helped broker the historic agreement between the UAE and Israel to normalise relations in August. Last week, Trump announced that Bahrain had also reached a deal with Israel to normalise relations. The deal between the UAE and Israel represented a significant breakthrough in diplomatic relations between the two nations as the Trump administration works to facilitate cooperation between Arab nations and Israel. Trump, seeking re-election in the November 3 presidential election against his Democratic Party rival, Joe Biden, is hoping that the two major diplomatic deals would help him in the polls.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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