Archive for the ‘Europe’ Category

Europe, International Trade, News

November 23, 2023

In a landmark move to promote sustainable marine fisheries, the European Union has generously donated €1 million to the World Trade Organization’s Fisheries Funding Mechanism. This multi-year contribution, presented by Ambassador João Aguiar Machado to WTO Director-General Ngozi Okonjo-Iweala, is a significant step toward assisting developing and least-developed members in implementing the Agreement on Fisheries […]

Economic Development, Europe, News

November 21, 2023

The European Commission and the High Representative for the Common Foreign and Security Policy have jointly released an enlightening report on the Generalized Scheme of Preferences (GSP), revealing its significant role in fostering economic stability and sustainable development in low-income countries. Amidst global uncertainties, the GSP, the EU’s primary trade policy tool aiding developing countries’ […]

China, Europe, International Trade, News

November 12, 2023

In a significant development, China’s Commerce Minister, Wang Wentao, engaged in substantive discussions with Thierry Breton, the EU’s industry chief, on various crucial topics related to China-EU trade relations and technological cooperation. The talks, described as “in-depth,” covered a wide range of issues, highlighting the growing importance of the China-EU economic relationship on the global […]

The European Commission is actively pursuing an agreement with the United States regarding steel and aluminum trade, with the goal of ending U.S. import tariffs on these metals by the close of the year. Commission Vice President Vera Jourova made this announcement, underscoring the European Union’s determination to find a resolution.   Negotiations between U.S. […]

Switzerland has made a significant step toward shaping its future relationship with the European Union, with plans to determine its negotiating position by the year’s end. The Swiss government revealed this intention on Wednesday as it proceeds with efforts to regulate its ties with the EU, its largest trading partner.   Since April 2022, Bern […]

Europe, News, Trade Agreements

October 31, 2023

In a joint statement made during the 11th EU-Korea Trade Committee meeting, both parties announced the commencement of negotiations for a digital trade agreement between the European Union (EU) and Korea. This milestone decision aims to establish a legal framework that ensures certainty for businesses and consumers engaged in digital trade, enhances their protection in […]

Europe, International Trade, News

October 30, 2023

The European Union (EU) has unveiled an ambitious plan to provide a substantial investment of 6 billion euros ($6.4 billion) to support the Western Balkan countries in their quest for reforms and eventual integration into the EU. This development was announced by Ursula von der Leyen, the President of the European Commission, during her visit […]

Europe, News, Supply Chain

October 30, 2023

European gas markets experienced a significant surge in prices, with the Dutch TTF gas futures index rising by nearly 7% to reach €54 per megawatt-hour. This substantial increase marks the highest level since mid-February and has raised concerns regarding supply stability.   The catalyst for this price hike comes as Egypt reported a complete halt […]