Home Page
An experienced guide to the world of finance
providing tools and information that help make
best financial decisions
My FinanceGates.com Register
 
Home  | News   |  World News 



Market News Insurance Billing
Banking Business News World News
Funds Brokerage

Friday April 15, 11:30
No embargo lifting for China without move to human rights, EU says
(by Dr. Goldfinger)

No embargo lifting for China without move to human rights, EU says


The European Union is still hesitating on the issue of lifting the arms embargo from China after the hints it may use military force against Taiwan in case it officially proclaims independence from mainland China.

The embargo, posed on China some 16 years ago after Tian’anmen Square events, was about to be lifted after some moves of China towards the protection of human rights but the question remained open on Chinese so-called anti-secession law.

The European Parliament voted 431 to 85, with 31 abstentions, in favour of resolution that bars EU from lifting the embargo.

"We want to reach a consensus, but this requires that everyone in the European Union votes in favor. For this, it is necessary for China also to move," said Joschka Fischer, the German foreign minister.

Mr. Fischer also said that the European Commission in Brussels would demand further proofs from China about its human rights improvement in exchange for lifting the embargo.

The US is fiercely opposing lifting the embargo and the Bush administration keeps pressure on the European Union not to lift it.

All world news
Read the related news and articles:
27 May 2005 07:08 AM US Senators call for tough action on China to press for yuan revaluation
20 May 2005 08:25 AM China’s export tariffs raised on US restrictions
19 May 2005 10:54 AM US puts more pressure on Chinese textile
19 May 2005 09:31 AM Hong Kong announces currency ceiling
19 May 2005 08:14 AM Snow: yuan must grow within few months
 


   KEYWORD SEARCH

KEYWORDS:

   SUBSCRIPTION
Join FinanceGates.com mailing list and get news and financial advices on home finance, auto finance, insurances, funds, online payments and much more.


Copyright © FinanceGates.com - independent financial advice and personal finance advice, an InternetGates.com company, 2003-2008. All rights reserved.
Finance Gates provides personal finance advice on banking, insurance, investing and billing.
Reading materials of this site you can be sure that you get independent financial advice.