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The European Union is now looking east, towards China. Announced on December 30, the Comprehensive Investment Agreement between the EU and the People’s Republic of China first appears as a diplomatic victory. Torn off after seven years of negotiations, just before Germany passed the baton of the rotating Presidency of the Council of the European Union. Can we consider this as Angela Merkel’s Christmas present to Xi Jinping?
China is in fact the second largest trading partner of the European Union, behind the United States. It represents 20.2% of EU imports of goods and absorbs 10.5% of its exports. On the investment side, the European Union has invested around 150 billion euros in China, which in turn has placed at least an equivalent amount on the Old Continent. The new investment agreement intends to open the doors of the Chinese market to Europeans, but some are indignant that the fate of the Uyghur Muslim minority is being sacrificed to business.
Program prepared by Céline Schmitt, Isabelle Romero, Mathilde Bénézet and Perrine Desplats.