The EU and Mexico have decided it’s time to declare the deal done. In a joint statement released on Saturday night, the EU’s trade and agriculture commissioners and Mexico’s economy minister said that “after several months of intense negotiations, this afternoon we reached an agreement in principle on trade …
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Beyond Brussels: ‘Winds of change are blowing’ on WTO rules, Wolff says
Initiatives and discussions involving large groups of countries on issues such as electronic commerce and investment facilitation signal that global trade rules are set for a revamp, says Alan Wolff, deputy director-general of the World Trade Organization. “The WTO rulebook very likely will be updated to address current and …
A week in Brussels: Mexico progress, data flows, e-bikes, investment screening
It was another packed week in trade, with the trans-Atlantic relationship on top of everyone’s mind. We’ve covered some of it here, as well as developments in the run-up to the launch of EU-Australia and EU-New Zealand free trade talks. There’s been a lot of movement between the EU and …
Comment: WTO crisis, Trump, and the EU’s credibility challenge
The EU is struggling to find a consistent, coherent and efficient strategy approach to the US administration’s choking off of the World Trade Organization’s Appellate Body and to its unilateral tariffs on steel and aluminium. There is a lot of back-and-forth in the background – both in Brussels and …
Australia and New Zealand edge closer to FTA launch amidst security rapprochement with EU
The EU and Oceania are edging towards an economic rapprochement. Long-awaited free trade agreement talks between the EU and Australia and New Zealand are expected to receive the green light from member states next month. The move comes as the two Oceanian countries seek to diversify their security ties …
In brief: Commission starts Japan and Singapore ratification processes
The European Commission today initiated the ratification process of the EU’s trade agreements with Japan and Singapore. The Singapore pact, concluded in 2014, was subject to a lengthy judicial process that resulted in a May 2017 ruling by the Court of Justice of the EU identifying where the bloc …
EU trashes Chinese standards on foreign waste
China must give exporters more time to adjust to 11 new environmental protection control standards for imported solid waste as raw materials, the EU says. Governments got just 30 days to comment on the proposed changes, which were to enter into force on 1 March, and exporters had only 14 …
EU requests consultations in WTO against planned US metals duties
The EU is engaged in a highly contortionist political exercise ahead of an expected final decision by the US administration on whether to make temporary exemptions on import duties on steel and aluminium permanent. Among the exertions is a notification to the WTO today.
Trade defence – member states release contours of new EU regulation
Member states green-lighted a legislative compromise on a long-standing trade defence instrument reform package initiated in 2013. Last December the Council, European Commission and European Parliament reached a final political compromise after a lengthy trilogue negotiation process. The final text is expected to be adopted by EU legislators …
Week ahead in EU trade: US, Mexico, investment, Commonwealth, Australia
This week, the the policy churn in Brussels will mainly be about what to do about Donald Trump’s trade policies. Some progress might be made when the EU and Mexico sit down for another negotiating round aimed at updating their trade deal, and European lawmakers in Strasbourg will vote on a …