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[Portugual] PM Costa: Blocking EU-China deal because of the US would be a ‘terrible sign’
Lusa News Agency/Euractiv ^ | Jan 4, 2021 | Luísa Meireles and Maria de Deus Rodrigues

Posted on 01/05/2021 10:51:55 AM PST by Olog-hai

Europe must be an autonomous global actor and it would be “a terrible sign” if the EU blocked a recently concluded investment agreement with China in order to coordinate with Washington, Portuguese Prime Minister António Costa told EurActiv’s partner Lusa in an exclusive interview.

The EU and China reached last Wednesday (30 December) an agreement in principle on investment, which has been under negotiation for seven years.

However, the deal could cause tension with the new US administration weeks after President-elect Joe Biden proposed a transatlantic dialogue on “the strategic challenge posed by China’s growing international assertiveness”. […]

According to the Portuguese leader, whose country took over the rotating presidency of the Council of the EU on 1 January, the agreement between Brussels and Beijing “guarantees reciprocal security of market opening” and “investment relations which ensure and respect all security rules on both sides”.

Referring to the new US administration, he said Portugal has “every interest” in a “new climate in the relationship with the United States”.

He said Washington is the most important ally apart from the UK pointing out “positive and encouraging signs”, such as Biden’s intention to return to the Paris Agreement and “his multilateral vision”. …

(Excerpt) Read more at euractiv.com ...


TOPICS: Business/Economy; Local News
KEYWORDS: antiamericanism; china; costa; eussr; fourthreich; martofnations; redchina; tradedeal

1 posted on 01/05/2021 10:51:55 AM PST by Olog-hai
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To: Olog-hai

If the EU no longer wishes to work with the USA then we no longer need to defend them.

Time to quit NATO.


2 posted on 01/05/2021 10:57:41 AM PST by MercyFlush (Donald Trump is my President and Free Republic is my social media!)
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To: MercyFlush

That’s exactly what they want, so they can be free to unite their militaries and create an anti-US force.

Just like this trade deal with China is an anti-US move attempting to shut the USA out of world trade.


3 posted on 01/05/2021 10:59:45 AM PST by Olog-hai ("No Republican, no matter how liberal, is going to woo a Democratic vote." -- Ronald Reagan, 1960)
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