The European Parliament last month paused the ratification of a new investment pact with China until Beijing lifted sanctions on the EU.
with China until Beijing lifts sanctions on the EU.
"It does show that with China, it's overreaching and overreacting and not addressing legitimate issues like forced labor," Willems, a former deputy director of the National Economic Council, told CNBC's "Street Signs Asia." He is now a partner at law firm Akin Gump.Clete WillemsThe EU-China Comprehensive Agreement on Investment had been in the works for seven years and was finally.
"The question that the U.S. always had with Europe though, is they are much more dependent on China as an export market — and so the question is how tough will they really be," Willems pointed out. The EU parliament "demands that China lift the sanctions before dealing with [the investment accord]", it
, which is not legally binding but is now the assembly's official position. "EU-China relations may not continue business as usual," the EU parliament said."I think we've seen some positive signals, but I think the amount of pressure that the allies are on China to get them to change their practices … We've still a long way to go. And we need to see Europe continuing to be more muscular," he said.
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