The ratification process for the EU’s new investment agreement with China is expected to be very difficult. Although the aim is to improve EU-China relations, the process of getting the agreement approved in the EU will end up causing further tensions with China as the EU tries to strike a balance between promoting its values and economic interests.
Topic:
International Cooperation, International Trade and Finance, European Union, Conflict, and Economic Cooperation
The EU’s new trade strategy instrumentalizes trade policy more forcefully in order to promote EU values such as democracy and human rights. A value-based and more defensive trade policy can lead to conflicts spirals, especially with China. The EU also needs to be prepared for potential setbacks in developing the transatlantic relations.
Topic:
International Trade and Finance, Regional Cooperation, European Union, Regionalism, and Strategic Competition