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 …
Japan
Council restates who is boss on FTA architecture
Member states adopted ‘in principle’ their draft conclusions on what the European Commission terms the “new architecture” of trade agreements. Following the near collapse of CETA, the trade agreement with Canada, and the Court of Justice of the EU’s May 2017 ruling on a free trade accord with Singapore, the …
Comment: EU trade agreement agriculture quotas are of little use
Import quotas on sensitive agricultural products opened in the EU’s latest FTAs appear to be of little use to both exporters and importers. The last round of EU-Mercosur trade negotiations held last week ended in acrimony. Both EU agriculture market access – aka quotas on beef, sugar and ethanol …
WTO: EU, US and Japanese silence on steel measures speaks louder than words
The EU, the US and India came under fire today for measures to protect their steel and solar cell industries. But what’s more interesting is what wasn’t said during the meeting of the World Trade Organization’s Safeguards Committee. WTO members criticised the EU’s ‘safeguard’ investigation into steel as well …
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 …
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 …
EU FTA roundup – Negotiations, ratifications, mandates
EU free trade negotiations, ratifications and mandate releases have been on the slow lane recently compared to other trade policy files, as President Donald Trump and Brexit grab headlines and policymakers’ attention. Here’s an overview of where we are on the various files. Mercosur EU-Mercosur FTA negotiations are …
Brexit Notes: Withdrawal nitty-gritty, Japan wants EU FTA rollover
There’s been a tremendous amount of media hoo-hah about the EU’s proposals on Northern Ireland in the draft Article 50 Withdrawal Agreement terms released today in Brussels. Here some highlights of the 119-page text relevant for trade policy wonks that are less visible in the media. Also, Tokyo explicitly said …
EESC resolution adds to pressure on FTA partners to respect ILO conventions
The European Economic and Social Council almost unanimously adopted a resolution yesterday calling on the EU to step up its efforts to give greater weight to labour and environment chapters – known as TSD chapters – in its free trade agreements. This move adds to a rising number of calls on …
Bernd Lange takes the long view
In an interview with Borderlex, the European Parliament’s international trade committee chief Bernd Lange explains what he hopes to achieve before the European elections next year.