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Archive for the ‘Europe’ Category

European Union Boosts Global Fisheries Sustainability with EUR 1 Million Contribution to WTO Fund

Europe, International Trade, News

November 23, 2023

In a landmark move to promote sustainable marine fisheries, the European Union has generously donated ââ€š ¬1 million to the World Trade Organizationââ‚¬â„¢s Fisheries Funding Mechanism. This multi-year contribution, presented by Ambassador JoÁ £o Aguiar Machado to WTO Director-General Ngozi Okonjo-Iweala, is a significant step toward assisting developing and least-developed members in implementing the Agreement […]

European Parliament Ratifies Landmark Free Trade Agreement with New Zealand

Europe, New Zealand, News

November 22, 2023

In a significant move, the European Parliament has ratified a free trade agreement with New Zealand, marking the European Union’s first major trade deal endorsement since February 2020. This development, which saw a substantial majority voting in favor, is set to usher in a new era of EU-New Zealand trade relations, potentially boosting trade by […]

EUÃ¢â‚¬â„¢s Trade Policy Boosts Growth and Sustainability in Developing Countries

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 and EU Commerce Officials Engage in Fruitful Discussions on Trade Relations, EVs, and More

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 […]

EU Aims to Resolve U.S. Steel Dispute, Hoping for Year-End Agreement

Europe, International Trade, News, United States

November 9, 2023

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 Sets Year-End Deadline for Key Decision on EU Negotiations

Europe, International Trade, News, Switzerland

November 8, 2023

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 […]

EU and Korea Initiate Talks on Digital Trade Agreement

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 […]

EU Announces 6 Billion Euro Assistance Package to Support Reforms in the Western Balkans, Aiding Trade Integration

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 […]

European Gas Prices Surge Amidst Disruption in Supply Chain

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 ââ€š ¬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 […]

EU Member States Collaborate to Enhance Export Control Coordination for Sensitive Technologies

Europe, International Trade and Export, News

October 26, 2023

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 […]

Argentina and Brazil Request Financial Aid in EU-Mercosur Trade Talks

Argentina, Brazil, Europe, News, Trade Agreements

October 20, 2023

In ongoing negotiations to finalize a trade agreement between the European Union and South America’s Mercosur bloc, Argentina and Brazil have jointly requested ââ€š ¬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 […]

Germany Boosts Global Trade Skills with EUR 500,000 Contribution

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 […]

EU Presses for Substantial Market Access in Trade Agreement Talks with India

Europe, India, International Trade, News

October 20, 2023

Efforts are underway within the European Union (EU) to encourage India to provide meaningful access to its markets as part of negotiations for a free trade agreement. The call for substantial market access was made by Spanish Deputy Trade Minister Xiana Mendez during an EU meeting, which was presided over by Spain as part of […]

EU and US Seek Resolution to Trade Disputes for Mutual Benefit

Europe, International Trade, News, United States

October 19, 2023

In a bid to foster cooperation and tackle trade disputes, European Council President Charles Michel emphasized the need for the European Union and the United States to work together to find mutually beneficial solutions. This statement comes as top EU officials embark on a diplomatic mission to Washington with the aim of reaching agreements that […]

EU and US Seek Resolution to Trade Disputes Ahead of Summit

Europe, News, Trade Policy, United States

October 19, 2023

European Council President Charles Michel has stressed the importance of finding mutually beneficial solutions to resolve trade disputes between the European Union (EU) and the United States. As US President Joe Biden prepares to host European Commission chief Ursula von der Leyen and Michel for a White House meeting to demonstrate unity in the face […]

U.S. and EU Business Leaders Advocate for Resolution of Trade Disputes and Collaborative Approach to Critical Minerals

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 […]

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