Where to From 2021?
China became the EU’s largest trading partner in 2020, taking the spot occupied by the U.S. Though global trade was heavily impacted by COVID-19, bilateral trade maintained an uptrend. As the two sides sealed the Comprehensive Agreement on Investment (CAI) in December 2020, more potential in cooperation awaits to be tapped.
Outcome at right time
The news that the EU and China had agreed on a framework for an investment deal was greeted with mixed views by commentators in the EU and America. Part of this was due to the simple issue of timing.
The fact that negotiations for the pact had taken seven years to reach their conclusion meant that the environment in which this had all started—the world pre-Donald Trump and pre-Brexit—had changed.
The EU had been
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