The European Trade Union Confederation (ETUC) has recently issued a statement concerning the EU-China Comprehensive Agreement on Investment, a deal that has been in talks for seven years.

According to the ETUC, the agreement does not adequately address the concerns of European workers and their rights, particularly in terms of labor, social, and environmental standards. Despite being touted as a step towards fairer competition and trade practices between Europe and China, the ETUC argues that the agreement is not a guarantee of improved working conditions and protection for workers.

The ETUC has expressed disappointment in the lack of consultation with them or other European trade unions during the negotiations. Given that trade union rights in China are limited, the ETUC deems it vital that EU workers` rights are protected throughout the entire investment process.

Moreover, the deal fails to ensure that European companies receive the same treatment as Chinese firms operating in Europe. The agreement allows for Chinese companies to bring employees into the EU and operate freely, without adhering to EU labor laws and standards. This could potentially lead to a race to the bottom for European workers in terms of wages, working conditions, and job security.

The ETUC is calling for the European Parliament to reject the deal and for European policymakers to prioritize workers` rights and interests. They suggest that the EU should focus on strengthening and enforcing labor, social, and environmental standards in trade agreements.

In conclusion, while the EU-China Comprehensive Agreement on Investment is a significant step towards more significant economic ties between the two regions, it does not take into account the importance of workers` rights and interests. The ETUC`s statement highlights the need to prioritize these aspects, and policymakers should take note of these concerns when making decisions that affect both European workers and Chinese companies.