(China's response to international sanctions | MOFCOM - Ministry of Commerce of the PRC)

MOFCOM just issued its first order for 2021: Rules on Counteracting Unjustified Extra-territorial Application of Foreign Legislation and Other Measures. Key message:

We are going to prohibit firms from complying with foreign laws prohibiting transactions with Chinese firms.

Key provisions:

  1. The legislative basis is National Security Law;
  2. Chinese firms and individuals are required to report foreign sanctions;
  3. MOFCOM may issue injunctions prohibiting firms and individuals from recognizing, enforcing and complying with foreign sanctions.
  4. Chinese firms suffering loss from another party's compliance with foreign sanctions can sue for damages in Chinese courts.
  5. China could provide support to Chinese firms and individuals for losses arising from complying with Chinese junctions against complying with foreign sanctions.
  6. China could take necessary countermeasures.

The new rules shall be read together with:

  1. US measures banning Wechat, TikTok, Huawei, Alipay etc;
  2. China's recent press releases on such measures;
  3. China's recent attempt to insert denial of benefits provisions in the #CAI with the EU, as reported by @fbermingham;
  4. China's 2020 Rules on Unreliable Entity List;
  5. EU's Blocking statute.

Note: compiled and formatted from the following thread

https://twitter.com/henrysgao/status/1347745529447342086?s=20

(u/KvasirsBlod)

Our friends in Sweden organise an online discussion panel on #EU-#China #CAI investment deal.
Come and join us: https://www.youtube.com/watch?v=BOcccxvS8wc&feature=youtu.be
https://m.facebook.com/events/1083403622162648

Urging the European Union to Terminate the China-EU Comprehensive Agreement on Investment (CAI).  Lord Patten: It Shows a Delusional View of the Chinese Communist Party's Trustworthiness on the International Stage
 
After the arrest of 53 democratic primary election organisers and participants on 6th January by Hong Kong Police Force, the last British governor of Hong Kong, Lord Patten, issued a statement urging the international community to speak out for Hong Kong, calling for the European Union to terminate the investment agreement with China. 
 
The statement from Lord Patten indicated that supporting democracy in Hong Kong is regarded as illegal nowadays and Hongkongers are forced to love the CCP. He called for the free democratic countries around the world to keep speaking out against Beijing’s destruction of a free society. “When terrible things are happening, we cannot look the other way”. 
 
China and Europe jointly announced in December 2020 that negotiations for the investment agreement were completed. The agreement is set to offer better entry of the European enterprises into China market. However, the agreement is not effective until the official ratification by the European Parliament. In his statement, Lord Patten described the agreement as a “miserable draft deal” and believed that it is a “massive strategic blunder”. 
 
#China #Beijing #Patten #HongKong #Democracy #PrimaryElection #Europe #EuropeanUnion #EU #CCP #CAI
 
Source from: The Stand News  #Jan06

https://bit.ly/30X1L74

#BREAKING
European Parliament resolution on Chinese sanctions is adopted with 599 votes in favour. Very substantial. A very important day for human right in which #CAI deal is officially in the freezer.
#CutTiesWithCCP #Standup4HumanRights

(International reactions | European Union-China relations | Investment deal (CAI))

Note: posting the tweets relevant to Hong Kong. The full thread is 7 tweets long.

https://twitter.com/EnginEroglu_FW/status/1395388180057186307?s=20

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