EU-China investment deal ‘very important,’ Germany’s Merkel says as Brussels pauses ratification efforts over sanctions fallout

A huge investment agreement

A huge investment agreement between the EU and China is “important,” Chancellor Angela Merkel said, a day after a senior European Commission figure stated that the bloc had suspended ratification efforts amid soured relations.

“Despite all the difficulties that will surely arise with the ratification, it is a very important undertaking, because it gives us more reciprocity in market access,” Merkel said in a speech on Wednesday.

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