The EU says it has now “fully complied” with last week’s World Trade Organization ruling that faulted the bloc for not removing all illegal subsidies given to plane manufacturer Airbus. Two days after the WTO’s Appellate Body issued its findings, the EU submitted a communication saying it had “eliminated …
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EU-US steel: US ready to talk about talks, but still wants small quota
A ‘deal’ could be materialising between the Washington and Brussels ahead of the 1 June deadline for US tariffs on steel and aluminium to kick in. It is not yet clear whether all EU member states would approve the arrangements, or if it would hold within the US administration. …
FAC trade: low expectations regarding US steel exemption
There’s little that is really new to report on the Foreign Affairs Council meeting held today in Brussels. The EU is not nurturing strong hopes to be exempted from import restrictions from the United States. Australia and New Zealand trade negotiations to begin by July As expected the …
Week ahead in EU trade: FAC trade, China BIT, Brexit, Japan
China and the EU will resume talks on a bilateral investment treaty this week – but don’t count on much news from the discussions. The main stories are likely to come instead from tomorrow’s Foreign Affairs Council meeting, as ministers debate and decide on a range of trade-related issues including …
Week in EU trade: EU retaliation, Australia and NZ, Mercosur, palm oil
This has been another big week in EU trade. Member states managed to cobble together a joint approach to US President Donald Trump’s steel and aluminium tariff threat. The EU lost two World Trade Organization cases – the big-ticket Airbus case and the more symbolic Pakistan plastic pellets case …
Beyond Brussels: Japan threat to retaliate over US metals duties – more bark than bite?
Japan may follow China by striking back against US steel and aluminium tariffs to the tune of $409 million, signalling that Tokyo is tired of trying to win an exemption from the levies through diplomacy. But the fact that Japan is weighing retaliation doesn’t mean it will actually act on …
Steel and aluminium: The smaller problem in transatlantic relations?
The EU has offered to negotiate a trade agreement with the US in return for a permanent exemption from steel and aluminium tariffs. But chances of success are limited. What is more, the EU-US row over the tariffs is becoming the lesser problem in the wider transatlantic relationship, writes Iana …
FTA roundup: Mexico, Japan, Singapore, Australia and New Zealand
There have been a few developments and clarifications on the variety of bilateral free trade agreements under way in the EU in recent days. So here are some updates on where things stand with Mexico, Singapore, Japan, Australia and New Zealand. EU-Mexico ‘agreement in principle’ – next steps …
EU’s lapsed duties on Pakistani PET are illegal, WTO Appellate Body says
European antisubsidy duties on a Pakistani plastics ingredient that expired three years ago breach global trade rules, the World Trade Organization’s Appellate Body said today, upholding a previous ruling. The fact that the tariffs have lapsed means no action is required by either Islamabad or Brussels. But appeals judges’ …
EU failed to remove all illegal Airbus aid, WTO finds
The EU has failed to scrap all illegal subsidies for aircraft manufacturer Airbus, the World Trade Organization’s Appellate Body ruled today, meaning the US has grounds to strike back at European exports. But before that happens, the EU intends to take “swift action to ensure it is fully in line with …