Trade & TTIP Related

OECD warns global economy remains weak as subdued trade drags down growth

Tuesday, May 28th, 2019

May 21, 2019 Global growth slowed sharply in late 2018 and is now stabilising at a moderate level. Escalating trade conflicts and dangerous financial vulnerabilities threaten a new weakening of activity by undermining investment and confidence worldwide, according to the OECD’s latest Economic Outlook. The global economy is expected to achieve moderate but fragile growth […]

European Council calls for an ambitious approach for a competitive single market

Tuesday, May 28th, 2019

The Council today adopted conclusions on “A new level of ambition for a competitive single market”. These conclusions are the Council’s response to recent calls from the European Council for an integrated, forward-looking approach to the single market, which should connect all relevant policies and remove remaining unjustified barriers and avoiding creating new ones, in […]

Fairness in the food supply chain: Commission proposes to increase price transparency

Friday, May 24th, 2019

Having banned unfair trading practices and improved producer cooperation, the Commission is today presenting the third element to improve fairness in the food supply chain by introducing greater transparency in the way prices are reported throughout the chain. The European Commission today tabled a proposal that will make available crucial information on how prices are […]

President Trump Delays Implementation of Section 232 Tariffs on Imports of Automobiles and Automobile Parts

Thursday, May 23rd, 2019

President Donald Trump today announced that his administration would delay for six months any action on the determination of the Department of Commerce (Commerce) in the Section 232 national security investigation into imports of automobiles and automobile parts. This investigation under Section 232 of the Trade Expansion Act of 1962 was self-initiated by Commerce in […]

Extra-EU trade in goods by invoicing currency – Euro was the most used currency for EU exports and US dollars for EU imports in 2018

Monday, May 20th, 2019

Brussels, 20 May 2019 Goods imported and exported by the European Union (EU) can be invoiced in a range of currencies. In 2018, the euro was the most used currency for EU exports with a share of 48% of the total value of goods exported to non-EU countries and a share of 35% invoiced in US […]

Spring 2019 Economic Forecast: Growth continues at a more moderate pace

Tuesday, May 7th, 2019

Brussels, 7 May 2019 The European economy is forecast to continue expanding for the seventh year in a row in 2019, with real GDP expected to grow in all EU Member States. As global uncertainties continue to weigh, domestic dynamics are set to support the European economy. Growth is expected to gather pace again next […]

 ECB Economic Bulletin- The economic implications of rising protectionism: a euro area and global perspective

Thursday, April 25th, 2019

Prepared by Vanessa Gunnella and Lucia Quaglietti Published as part of the ECB Economic Bulletin, Issue 3/2019. The risk of a trade war came sharply into focus in 2018, as protectionist threats by the US Administration and its trading partners were followed by concrete actions. Tensions rose over the summer and, while these have been defused […]

EU-U.S. Trade: Commission welcomes Council’s green light to start negotiations with the United States

Friday, April 19th, 2019

The European Commission welcomes today’s decision by the Council to adopt the negotiating directives for trade talks with the United States, thus continuing to deliver on the implementation of the Joint Statement agreed by Presidents Juncker and Trump in July 2018. European Union Member States gave the Commission the green light to start formal negotiations […]

EU-U.S. Joint Statement: the United States is Europe’s main soya beans supplier with imports up by 121%

Thursday, April 18th, 2019

New figures released by the European Commission today, show that imports of U.S. soya beans by the European Union increased by 121% over the current market year (July 2018 to mid-April 2019), compared to the same period in the previous year. With a share of 72% of EU soya beans imports, the U.S. is today […]

WTO Dispute Settlement Panel’s Decision to Rule on National Security Exception May Have a Major Impact on Trump Administration’s Section 232 Tariffs

Thursday, April 11th, 2019

By Thompson Hine International Trade on April 11, 2019 A World Trade Organization (WTO) dispute settlement panel ruling, Russia – Measures Concerning Traffic in Transit, issued last week on a member’s use of the WTO’s so-called “national security exception” under Article XXI of the General Agreement on Tariffs and Trade (GATT) may have a significant impact on the Trump administration’s […]