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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	The European Union said Wednesday that Beijing knows it must deliver on labour commitments in an EU-China investment deal, rebuffing criticism that Brussels had given too much ground on rights. The statement, by the EU's number two trade official Sabine Weyand, came after the European Parliament voted overwhelmingly to denounce the recently sealed deal that MEPs said had given away too much to China on human rights. The opinion of EU lawmakers is important as they will need to approve the German-backed investment deal that was agreed in principle last month after seven years of painstaking negotiations. "I do not underestimate the huge challenge we have to bind China into a rules-based system, but we don't have an alternative to that," Weyand told a panel organised by the CEPS think-tank in Brussels. "There is no alternative to engagement and that is what we need to do here," she said. Weyand shot back at critics, arguing that only so much could be expected from a deal that mainly served to open China's closed market to European companies. "What is your yardstick? Is it an ideal world, where we transform miraculously through an investment agreement, China, into a liberal democracy and open market economy?" she asked. "Or should we use a yardstick to decide whether the EU has gotten the best it could?" she said, adding that the US had achieved less in their dealings with China even after a trade war. Weyand, one of the EU's most influential figures, also insisted that the deal pinned Beijing to certain commitments on forced labour and that Beijing had to deliver. "We have to intelligently use that and work with the Chinese and say if you want to have a ratification of this agreement in Europe, something has to happen between now and when the vote comes," she said. The European Parliament is expected to vote on the deal in about a year's time. Her comments closely followed a warning to world leaders by Chinese President Xi Jinping against starting a "new Cold War", insisting that he championed multilateralism. arp/dc
schema:headline	EU defends China trade deal after MEP warning
schema:mentions	The Statement (film) European Parliament Trade war Cold War President of the People's Republic of China Brussels Human rights Xi Jinping European Union United States China Centre for European Policy Studies Sabine Weyand United States–China Relations Act of 2000 Liberal democracy Market economy Multilateralism Anti-Revolutionary Party Unfree labour
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-01-27 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	76 (xsd:integer)

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