AEGIS Europe calls on the European Union to stop playing into China’s hands

Brussels, 14 January 2021 - AEGIS Europe published a press release, on the EU-China Comprehensive Agreement on Investment (CAI), agreed in principle on 30 December 2020. The agreement appears, at first sight, to be a missed opportunity. While the CAI is not a trade agreement, AEGIS believes it could have included more level playing field provisions to counter import substitution policies, policies fuelling overcapacities that distort global markets and government micromanagement of not only state-owned enterprises (SOEs) but of all enterprises. Adequate provisions to ensure fair access to public contracts also seem to be missing.