He’s done it again: US President Donald Trump took credit for clinching a “wonderful” deal with Canada after Washington and Ottawa said they had reworked the North Atlantic Free Trade Agreement just weeks after Mexico accepted a revision of the trilateral pact. Sunday’s announcement came six days after Trump finalised …
North America
Beyond Brussels: Revised KORUS is hardly the ‘very big deal’ Trump claims it is
Donald Trump signed his first major trade deal on Monday, an update to the US pact with Korea that the president called a “very big deal” that is “very, very good for American farmers”. More sober assessments are that the revisions to the Korea-US Free Trade Agreement are modest and …
Blog: CETA – working round the treaty on climate, gender, labour
Canada and the EU hosted their first CETA Joint Committee meeting. The committee’s role is to oversee the implementation of the trade agreement. In fact, the meeting mainly dealt with demands made on it which are not in the treaty.
Japan, US, EU vow to table joint WTO reform proposals
A trilateral meeting among the trade chiefs of the United States, Japan and the EU held in New York committed the three World Trade Organization members to launch common initiatives to overhaul the Geneva-based institution. This trilateral format of meetings started with the aim to address common concerns on – …
A Week in Brussels and Geneva: EU and Canada special
EU trade this week was heavy on WTO reform and China (here, here). Brexit was all over the headlines. But there are no actual new developments to report from the heads of government meeting in Austria with Prime Minister Theresa May this week. The Irish border issue remains unresolved, so …
A week in Brussels: Mercosur, Africa, CETA
It’s been a big-ticket week in trade, kicked off by a meeting between the USTR and the EU’s trade commissioner on a possible ‘deal’, and two big reports adopted by the European Parliament on relations with the United States and with China. There was also some action on the Brexit …
Beyond Brussels: G20 eyes bland trade consensus as US, China seek reset
Trade ministers from the world’s top 20 economies will gather today in the coastal Argentine town of Mar del Plata to discuss issues such as e-commerce and inclusive global value chains in the agricultural sector. But there can be little doubt that the $500 billion firestorm brewing between the US …
EU-US trade: European Parliament puts cooperation first
The European Parliament adopted a resolution on European Union – United States relations that takes a conciliatory tone towards Washington, despite the recent deterioration of bilateral political, security and trade relations. MEPs called on the US to scrap its aluminium and steel tariffs on the EU and to work with …
Malmström and Lighthizer aim for regulatory “early harvest”
Robert Lighthizer and Cecilia Malmström qualified their first formal meeting following the July Trump-Juncker trade truce as “constructive”. The two sides are trying to firm up the contours of a trade ‘deal’ to counter a potential descent into tit-for-tat tariff escalation after the United States imposed duties on steel and aluminium …
A week in Brussels: Mercosur, dairy, sustainable development chapters
It’s been an intense week on transatlantic trade and Brexit trade front. Below, other interesting bits of news in EU trade. EU-Mercosur focus A lot of noise, little extra substance on EU-Mercosur free trade talks this week. Next week, European negotiators will fly to South America for a 36th round …