TRADE WARS
Pompeo calls EU-China investment deal 'weak'
by AFP Staff Writers
Washington (AFP) Jan 5, 2021

US Secretary of State Mike Pompeo criticized an EU investment deal with China as "weak" in an interview released Tuesday, warning that it does not protect against risks from Beijing.

"As we stared at it, it was a weak agreement. It didn't protect the European workers from the predation of the Chinese Communist Party," Pompeo told the Bloomberg television show of investor David Rubenstein.

Pompeo's criticism is the first in public from President Donald Trump's outgoing administration, although President-elect Joe Biden's national security advisor, Jake Sullivan, last month appealed for "early consultations" with European allies on "our common concerns about China's economic practices."

Pompeo, a staunch critic of China, stopped short of urging the EU to dump the agreement but made clear the United States had no interest in anything similar.

"We care too much about our workers, about our people, about our manufacturing, about our intellectual property to sign a weak deal that would continue to allow China to engage in activities that weren't fair and even, balanced and reciprocal," Pompeo said.

The European Union and China on December 30 approved the deal in principle after seven years of negotiations.

The Europeans hope that the investment pact will pry open the lucrative billion-plus Chinese market for their businesses, offering a needed boost after the Covid slump.

The EU moved ahead despite voicing concern about China's human rights record, including its mass incarceration of at least one million Uighurs and other Turkic-speaking Muslims.

The pact marked a major win for China after a concerted push by the Trump administration to isolate it, including by encouraging all nations to drop fifth-generation internet from telecom giant Huawei, saying it poses security risks.


Related Links
Global Trade News

TRADE WARS
Europe and China end pandemic-hit year with investment deal
Beijing (AFP) Dec 30, 2020
The European Union and China on Wednesday approved "in principle" a major investment deal after seven years of painstaking negotiations. The pact is seen as a boost for investment flows for both sides in a pandemic-hit global economy and a key political win for China ahead of US president-elect Joe Biden's arrival in the White House. - What is it? - The agreement aims to open China's market and eliminate discriminatory laws and practices preventing European companies from competing on an equ ... read more

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
Congress adds $1.3B to Missile Defense Agency's budget in spending bill

IMDO and MDA complete intercept test of the David's Sling Weapon System

Most Advanced SBIRS Missile Warning Satellite Ready For 2021 Launch

Russian military successfully tests new anti-ballistic missile

TRADE WARS
AFRL demonstrates critical new warhead technologies for high speed weapons

Projectile concept shows potential to extend munition range to more than 100km

U.S., Australia agree to partner on hypersonic missile development

Tigray forces fire rockets at Ethiopian regional capital

TRADE WARS
German government at odds over armed drones

Funding for MQ-9 Reaper drone back in federal budget

Northrop Grumman completes first flight of Global Hawk Ground Station Modernization Program

Air Force launches drone-based security system at Travis AFB

TRADE WARS
L3Harris to build Next Generation jammers in $496 million contract

DARPA successfully demonstrates, transitions advanced RF networking program

NATO checking systems after US cyberattack

DARPA successfully demonstrates, transitions advanced RF networking program

TRADE WARS
U.S. Marines begin rollout of small-arms suppressors

Tyndall AFB in Florida conducts Weapon System Evaluation Program

Army hits target from 43 miles away with artillery system in works

General Dynamics to build upgraded Abrams tanks in $4.62B contract

TRADE WARS
The Bavarian town where US troops are life and soul

State Dept. approves $300M bomb sale to Saudi Arabia

State Department approves possible $4.2B in weapons sales to Kuwait

Trump vetoes sweeping US defense bill

TRADE WARS
U.S. warships travel Taiwan Strait; China warns against show of force

Turkey will lead NATO's high-readiness force in 2021

Biden nominates first female deputy defense secretary

Russia, Turkey to develop military ties despite US sanctions

TRADE WARS
Atomic-scale nanowires can now be produced at scale

Weak force has strong impact on nanosheets

Making 3D nanosuperconductors with DNA

Researchers share design for affordable single-molecule microscope