Sabine Weyand says the 2020 agreement with China is obsolete as Brussels weighs action on ‘macroeconomic imbalances’
The German official, who leaves her post at the end of the month, quoted the EU’s former competition chief Margrethe Vestager, saying, “If something has been in the deep freezer for a long time, you shouldn’t take it out and serve it again.”
Weyand instead made a rare public confirmation that the commission is considering new trade tools to deal with the imbalances stemming from “the impact China’s economic model has on the rest of the world”.
Source: News - South China Morning Post
