‘Reshoring’, ‘friendshoring’ , ‘de-risking’, ‘nearshoring’, however you call it, is now becoming a measurable reality on the ground.
Stats & data
EU to extend steel safeguard for another three years
The European Union is planning to extend its three-year safeguard into imports of steel for another three years, in a move that is unprecedented in the EU’s trade defence history.
Blog : The state of mind of Europeans on trade, tech, China and America
The new edition of the German Marshall Fund’s annual Transatlantic Trends makes for sobering reading for those with an interest in globalisation, trade, technology and geopolitics, comments IanaDreyer.
EU-27 China goods trade buoyant in pandemic-ridden 2020
The European Union’s global trade in goods dropped overall in 2020 as a result of the COVID-19 pandemic in 2020. But the EU’s legendary trade surplus held up well – and so did trade with China. This contrasts with a dramatic drop in EU trade with the United States and …
EU goods trade with China stable in 2020 to date amidst general drop
Goods trade data collected by the European Union’s statistical agency reveal dramatic declines in 2020 so far as a result of the COVID-19 pandemic. In January to October 2020, extra-EU exports of goods fell to €1 579.4 bn, Eurostat finds. That is “a decrease of 11.3% compared with January-October 2019″. …
Travel restrictions stifle trade and investment, says WTO
“Human mobility constitutes services trade in its own right, while also enabling trade in goods and other services,” reads a thought-piece on the impact of COVID-19 travel restrictions on international trade put together by the secretariat of the World Trade Organization.
Week in Brussels: digital tax wars, new strategy, SME exports, anti-subsidy
It’s been quite a week in terms of trade news, with the launch of an EU healthcare initiative with the WTO’s Ottawa Group meeting and new plans to control foreign subsidies of companies operating in Europe. Below some other notable news. UK talks: European Parliament talks tough on LPF and …
EU Commission: global protectionism becoming structurally ingrained
The European Commission’s 2020 edition of its annual report on trade and investment barriers faced by European firms in international markets is written in an unusually alarmist tone. The report takes stock of barriers as reported by European companies. “At the end of 2019, 438 active trade and investment barriers …
Intra-European goods trade hit most by COVID-19 crisis
Eurostat released first estimates of European Union trade in goods during the COVID-19 pandemic. The figures are staggering as expected, with extra EU-27 exports falling by 28.2% and exports by 22.7% in April 2020 alone compared to the same month last year. If one compares the trade performance cumulated over …
Week in Brussels: WTO, human rights due diligence, Korea thermal paper, document transparency
The trade week in the EU was significant, with new orientiations for policy spelt out as part of the bloc’s post-corona recovery plan. WTO: But the week in not entirely over as members of the WTO General Council meet today and next Tuesday online to confer about the next steps …
