Today’s judgement of the Court of Justice of the European Union invalidating the 2016 Privacy Shield in force with the United States is throwing further spans in the works of the increasingly tense transatlantic relationship. “Unfortunately, the impact on EU-US trade relations is going to be huge,” reckons Peter Chase, …
EU FTAs & bilateral ties
EU, India set up High-Level Dialogue to help unblock trade and investment impasse
The European Union and India decided today to upgrade their diplomatic relationships on a variety of fronts during a virtual bilateral summit between the Indian prime minister and the heads of the European Council and Commission. A bilateral ‘dialogue’ will be the main vehicle driving the process. The meeting between …
Week in Brussels: border carbon adjustment, Brexit preparedness, ESA, Georgia
Carbon border adjustment – Lange prefers ETS extension The German chemical industry association VCI held a webinar this week on trade policy and climate change. International trade committee chair Bernd Lange was a speaker. Whether this is an indication of what is to come as the EU prepares to prepare …
Ukraine, EU prepare ground for Association Agreement upgrade amidst trade growth
The Deep and Comprehensive Free Trade Agreement between the European Union and Ukraine has very obviously yielded concrete results: trade both ways has increased by almost 50% between 2016 and 2019, according to a new evaluation report released by the European Parliament. The DCFTA is part of a wider Association …
Week in Brussels: Hogan on US, France and CETA, Cambodia, CTEO
It’s been one of those relatively low-key weeks on trade in Brussels – which only prepare the ground for more intense meetings and developments later on. Hogan back in action To start with: Phil Hogan is back! After a ‘purdah’ period imposed on him by his bosses while he was …
Comment: USTR eyes Airbus-related escalation of tariffs, helicopter tariffs
The United States are currently threatening new tariffs on neighbours and allies left, right, front and centre. It’s clearly election campaign season for an embattled US president Donald Trump. Signs are European Union efforts to find some form of ‘settlement’ with the US on aircraft subsidies have been in vain, …
In brief: EU tries to put itself on Chinese radar screen at post-COVID-19 summit
There was no joint statement of any sort after Xi Jinping, Li Kequiang, Charles Michel and Ursula von der Leyen hosted a lengthy online summit today. Instead, we were issued a statement from the European Union leaders on what the bloc wants to see from China over the next months. …
Week in Brussels: digital tax wars, new strategy, SME exports, anti-subsidy
It’s been quite a week in terms of trade news, with the launch of an EU healthcare initiative with the WTO’s Ottawa Group meeting and new plans to control foreign subsidies of companies operating in Europe. Below some other notable news. UK talks: European Parliament talks tough on LPF and …
EU to Cambodia government: engage or we stay the course on tariffs
All EU institutions are singing from the same hymn sheet after requests came in last week from business groups to postpone the enactment of new tariffs due in August on one fifth of Cambodian exports. The message is the following: We are sorry COVID-19 let to 150.000 people losing their …
Week in Brussels + Geneva: MPIA, cigarettes, carbon border tax, Chile
Australia’s plain packaging rules okayed by Appellate Body A brief note on the fact that the Appellate Body, as expected, upheld a panel ruling that confirmed Australia’s right to impose plain packaging – i.e. remove branding – on cigarette packs. This week’s ruling will have systemic implications also for food …