Dombrovskis sees potential in EU-US supply chain resilience collaboration President Biden this week made headlines by announcing a review of the United States’ supply chains. Strategic dependencies on – namely but not only – China and other supply chain disruptions during the COVID-19 pandemic have had the US government focus …
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EU considers extending its global steel safeguard
The European Union is considering extending its safeguard measures on steel imports beyond the three years mandated by its regulation. The European Commission said it was acting following “a duly substantiated request received from twelve EU member states” – and is now consulting stakeholders. The safeguards were introduced in July …
USTR nominee Katherine Tai wants to “land plane” with EU on Airbus-Boeing tariffs
During her confirmation hearing in the Senate the nominee to become the next United States Trade Representative Katherine Tai offered a general direction of travel for the Biden administration’s trade policy but hardly gave answers on specifics. Katherine Tai said she was pursuing a “worker-centred” trade policy – that also …
MEPs call for unilateral EU actions first before ratifying China investment agreement
The international trade committee debated the EU China Comprehensive Investment Agreement – also known as CAI – for the first time since its conclusion last December. A cross-political group consensus is emerging: the EU needs to move first in other areas of policy affecting its China economic and political relationship …
MEPs slam EU vaccine export authorisation scheme
MEPs in the international trade committee are near-unanimously sceptical of the European Union’s vaccine export authorisation mechanism introduced at the end of January 2021.
EU UK trade agreement provisional application extended
The United Kingdom has acquiesced to the European Union’s request to extend provisional application of the EU-UK Trade and Cooperation Agreement until 30 April 2021. London continues to refuse to formally establish the EU-UK Partnership Council foreseen in the agreement as long as the deal is not ratified by the …
Week in Brussels: EU wants fossil fuels out of ECT, anti-coercion, 4 new TDI cases, UK data adequacy
It’s been an eventful week, dominated by the new EU trade strategy or Trade Policy Review. Below, other important developments…
EU 2021 Trade Policy Review – the European Commission’s to-do list
We have put together a list of concrete actions the European Commission has listed in today’s new trade policy strategy communication as a means to fulfil its stated goals.
The new EU trade strategy: self-centred multilateralism
The European Commission is officially releasing a long-announced new international trade policy strategy today. To those who are closely following the European Union’s trade policy there is little that is properly surprising or genuinely new in the text, but it confirms the continent’s shift towards a more defensive approach to …
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 …