The European Commission is communicating loudly on its intentions should US President Donald Trump follow through on his intention to slap import duties of 25% on steel and 10% on aluminium from Europe. Will Germany buy it? As widely reported and discussed on this website, the EU intends to …
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Investor-state: Court intra-EU ruling leaves CETA tribunal question open
The Court of Justice of the European Union ruled today unequivocally that intra-European international investor-state arbitration tribunals are not compatible with EU law. Its summary judgement gives little insight into how it might rule on the compatibility of international investor-state tribunals set up by the European Union with third countries. …
Trade wars: Trump’s national security argument to rock global trading system
A World Trade Organization case against the United States’ Section 232 steel and aluminium tariffs is bound to rock the global trading system, writes Jennifer Freedman. Despite President Donald Trump’s claim that US duties on foreign steel and aluminium would safeguard American jobs and revive domestic industry, there is …
ASEAN: An afterthought in EU trade policy?
There’s about one year to go before its top leadership gets renewed. Yet the European Commission risks missing out on the early harvest it reaped in its free trade agreement negotiations with ASEAN members in the first years of this legislature, writes Iana Dreyer. The EU’s executive is trying …
Week ahead in EU trade: BITS ruling, Brexit guidelines, steel
With things suspiciously quiet on both the Mercosur and Mexico trade talk fronts, the biggest news concerning Brussels this week may be coming from Luxembourg, where the Court of Justice rules on the legality of intra-EU bilateral investment treaties. The week’s headlines will most likely be dominated by the looming …
Section 232: EU Commission to reconsider cooperation with US on China
There is a sense of disillusionment in the upper echelons of the European Commission at the announcement that the president of the United States is planning to slap an all-round tariff on steel and aluminium imports that would affect more than 6 billion euros worth of European exports. Among …
A week in Brussels: Singapore, Mercosur, agriculture
This week’s main news was the announcement of new steps to make labour and environment provisions in EU free trade agreement have more bite, and the looming steel wars between Brussels and Washington. There’s been a lot of ASEAN activity going on as well (more soon). Below is what else is good …
Beyond Brussels: From steel to Thailand including NAFTA and Vietnam
This has been a week overloaded with trade developments. There is lots of news – and speculation – floating around in the run-up to next week’s planning signing of the Trans-Pacific Partnership. The big news from yesterday – US duties on foreign steel and aluminium – has sparked an angry reaction …
EU’s Section 232 response: WTO-legal options are narrow
The EU’s top leadership reacted promptly to announcements in the US media that President Donald Trump will go ahead with slapping punitive import tariffs on steel. Trade retaliation of some form is expected from Brussels. The EU promises World Trade Organization-compatible moves. But here, the options are relatively limited, lawyers …
ASEAN rapporteur: Timely Singapore FTA ratification at risk
European Union trade commissioner Cecilia Malmström is in Singapore to attend a meeting with leaders of the South East Asian bloc ASEAN. The aim is to give new impetus to old plans to launch negotiations towards a region-to-region trade agreement. At the same time, the EU appears to be dragging …