CHINA is preparing to lift sanctions on Members of the European Parliament (MEP) to revive investment from the EU after losing access to the US market in the current trade war, reports London's Financial Times.
Beijing took the measures against several MEPs in 2021 after the EU placed sanctions on some Chinese entities because of alleged human rights violations in the northwestern region of Xinjiang. The European parliament then refused to ratify an EU-China Comprehensive Agreement on Investment that would have deepened trade ties between the two.
Beijing has now stepped up efforts to woo the EU as US tariffs of 145 per cent seal off its biggest market, except for exempted items such as smartphones.
SeaNews Turkey
Beijing took the measures against several MEPs in 2021 after the EU placed sanctions on some Chinese entities because of alleged human rights violations in the northwestern region of Xinjiang. The European parliament then refused to ratify an EU-China Comprehensive Agreement on Investment that would have deepened trade ties between the two.
Beijing has now stepped up efforts to woo the EU as US tariffs of 145 per cent seal off its biggest market, except for exempted items such as smartphones.
SeaNews Turkey
