In early December 2020, the European Union and China announced that they were close to reaching an investment deal that was first launched in 2013, referred to as the Comprehensive Agreement on Investment (CAI). On 30 December 2020, it was announced by the European Commission that the deal has reached an agreement in principle. In March 2021, it was reported that there would be serious doubts about the approval of the deal in the European Parliament given China's "unacceptable" behavior toward members of the parliament, the European Councils Political and Security Committee, and European think tanks.