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Archive for the ‘Europe’ Category

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 […]

In a concerted effort to safeguard sensitive technologies from unauthorized access, the European Commission has taken significant steps to improve the coordination of export controls at the EU level. This initiative aims to prevent critical technologies from falling into the wrong hands.   A significant milestone was achieved with the publication of the first compilation […]

In ongoing negotiations to finalize a trade agreement between the European Union and South America’s Mercosur bloc, Argentina and Brazil have jointly requested €12.5 billion (approximately $13.2 billion) in financial assistance from the European Union, as per a document seen by Reuters. The request aims to secure support to mitigate the potential challenges posed by […]

Europe, Germany, International Trade, News

October 20, 2023

In a significant move to empower developing and least-developed economies (LCDs) in the realm of global trade negotiations, the German government has pledged EUR 500,000 (approximately CHF 480,000). This generous contribution was formalized through the signing of a Memorandum of Understanding by Germany’s Alternate Permanent Representative to the World Trade Organization (WTO), Bettina Waldmann, on […]

Europe, News, Supply Chain, United States

October 16, 2023

Leading business federations from the United States and the European Union have come together to call for constructive dialogue and cooperation as leaders convene for a crucial summit on Friday. The primary agenda includes resolving ongoing disputes stemming from metal tariffs initiated during the Trump administration and bolstering collaboration on essential minerals vital to the […]

Economic Development, Europe, News

October 16, 2023

  In a pivotal move to reinvigorate the accession process for the Western Balkan countries, the European Union emphasizes comprehensive economic reform and the establishment of a regional single market as critical precursors to full EU membership, the International Trade Council (ITC) has learned.   While the nations of Albania, Bosnia, Kosovo, Montenegro, North Macedonia, […]

Business federations representing the United States and the European Union are urging leaders convening for an upcoming summit to address persistent issues surrounding Trump-era metals tariffs and to strengthen cooperation concerning vital minerals crucial for the green energy transition.   In a joint statement issued on Monday, the U.S. Chamber of Commerce and Business Europe […]

China, Europe, News, Trade Relations

October 4, 2023

The European Commission has taken a significant step by launching an anti-subsidy investigation into the import of battery electric vehicles (BEVs) from China. The investigation’s primary objective is to assess whether value chains related to BEVs in China benefit from unlawful subsidization, and whether this subsidization poses a genuine economic threat to BEV producers within […]