Archive for the ‘Europe’ Category

Agricultural Trade, Europe, News

January 15, 2024

In a recent development, agricultural ministers from Bulgaria, Poland, Hungary, Romania, and Slovakia, representing the European Union’s eastern states, have jointly requested the EU to consider imposing import duties on Ukraine’s grains. Citing concerns over unfair competition, the ministers, including Hungary’s Farm Minister Istvan Nagy, underscored the impact of cheaper Ukrainian agricultural products on their […]

Europe, International Trade, News

December 30, 2023

In a significant development, citizens of Romania and Bulgaria are set to enjoy hassle-free air and sea travel within the European Union and select neighboring countries starting March 31, 2024. The Council of EU governments announced on Saturday that individuals from these EU member states will no longer require a passport to travel to most […]

Europe, News, Trade Policy, United States

December 28, 2023

In a move to foster ongoing negotiations and collaboration, U.S. President Joe Biden announced on Thursday the extension of the suspension of tariffs on European Union steel and aluminum for an additional two years. This decision underscores the commitment of both the United States and the European Union to finding comprehensive solutions to address challenges […]

Europe, News, Trade Policy

December 20, 2023

In a momentous development for international trade, the European Union (EU) and Kenya have officially signed an Economic Partnership Agreement (EPA). This landmark agreement is designed to bolster bilateral trade in goods, promote increased investment flows, and foster sustainable economic growth.   Distinguished by its comprehensive approach to sustainability, the EPA represents the most ambitious […]

Europe, International Trade, News

December 20, 2023

European Union finance ministers have unanimously approved alterations to the EU’s fiscal regulations, introducing customized strategies for debt reduction and encouraging investments. These amendments hold substantial significance, and here’s an exploration of their importance.   Fostering Fiscal Responsibility: In a region where the euro serves as the common currency and the European Central Bank oversees […]

Europe, News, Trade Policy

December 13, 2023

The Directorate-General for Trade (DG Trade) of the European Union (EU) has announced a significant expansion of its online Trade Assistant for Services and Investment. This expansion now encompasses a hundred service sectors and includes four key trading partners of the EU: Canada, Japan, Switzerland, and the United Kingdom.   EU-based businesses can now access […]

Africa, Europe, International Trade, News

December 6, 2023

In a recent study conducted by the German Economic Institute (IW), it has been suggested that the European Union (EU) should collaborate with African countries to revamp the World Trade Organization’s (WTO) subsidy regulations. This strategic move aims to counteract market distortions caused by China’s subsidies and its diplomatic influence.   The IW, a respected […]