China-EU investment deal suspension seen as more politically symbolic than economic, but risks to trade exist – Therapy Box

China-EU investment deal suspension seen as more politically symbolic than economic, but risks to trade exist

Investment deals involving European countries that have separate bilateral investment agreements with China will be unaffected by the European Parliament’s decision this week to suspend the Comprehensive Agreement on Investment (CAI), with the move being more politically symbolic than it is economic, according to lawyers and diplomacy experts.China sees the CAI as diplomatically significant, as it was a deal successfully struck with a Western power without first being vetted or blocked by the…