EU Lawmakers to Freeze China Investment Deal, Politico Says

Parliament will also urge bloc to better cooperate with U.S.
Beijing and Brussels traded sanctions over Xinjiang issue

WATCH: The Biden administration plans to delay a ban on new U.S. investments in certain Chinese companies, according to officials. Meanwhile, the European Parliament will vote to formally freeze the European Union’s investment agreement with China, according to Politico. Tom Mackenzie reports.(Source: Bloomberg)

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By Bloomberg News

May 19, 2021 at 2:26 AM UTC

Updated on

May 19, 2021 at 8:21 AM UTC

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European Union lawmakers will vote to formally halt an investment agreement with China in response to sanctions against members of the bloc, Politico reported, adding to growing tensions between Brussels and Beijing.

The motion freezing the Comprehensive Agreement on Investment is expected to pass Thursday, the news outlet said, citing a draft of the document. It will demand China lift sanctions before any progress is made on the deal, which took seven years to negotiate, and urge the bloc to better cooperate with the U.S., Politco reported.