Trade & TTIP Related

Chapter News, Trade & TTIP Related

EU Commission | Carbon Border Adjustment Mechanism

Climate change is a global problem that needs global solutions. As the EU raises its own climate ambition, and as long as less stringent climate policies prevail in many non-EU countries, there is a risk of so-called ‘carbon leakage'. Carbon leakage occurs when companies based in the EU move carbon-intensive production abroad to countries where less stringent climate policies are in place than in the EU, or when EU products get replaced by more carbon-intensive imports. The EU’s Carbon Border...

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Chapter News, Trade & TTIP Related

EU & US Manage to Overcome Trade Tensions – Joint Statement by President Biden and President von der Leyen

The United States and the European Union share the most comprehensive and dynamic economic relationship in the world. Our partnership is based on shared values and principles, including the responsibility to protect our planet for future generations and defend our workers. Today, the United States and the European Union are taking new steps to deepen our economic relationship as we build the clean energy economies of the future and address shared economic and national security challenges.  Building the Clean Economies...

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Member News, Trade & TTIP Related

GDLSK | Court of International Trade opines on the use of the First Sale Rule

On February 9, 2023 the U.S. Court of International Trade (CIT) issued an opinion (Meyer Corp. vs United States, slip op. 23-13) which may impact the use of the “First Sale” method of duty appraisement. The court ruling highlights the need for importers to provide sufficient information to CBP when seeking approval to use the First Sale to make entry. The case involved an ongoing dispute between Meyer Corp. and CBP over the valuation (and GSP treatment) of merchandise imported...

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Member News, Trade & TTIP Related

Vulcan Insight | EU Commission presents Green Deal Industrial Plan for the Net-Zero Age

Ever since the U.S. government presented its Inflation Reduction Act (IRA), the EU has considered how best to respond. In response, on Wednesday, the European Commission presented its Green Deal Industrial Plan. The plan aims to boost the Union’s net-zero industry and its competitiveness with a focus on the transition to climate neutrality. With the European Green Deal, the 27 EU Member States want to become climate neutral by 2050. In a first step, greenhouse gas emissions are to be reduced by at...

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Chapter News, Trade & TTIP Related

Trade and Climate: EU and partner countries launch the ‘Coalition of Trade Ministers on Climate’

On January 19, the European Commission, EU Member States, and 26 partners countries will launch “The Coalition of Trade Ministers on Climate”, the first Ministerial-level global forum dedicated to trade and climate and sustainable development issues. The Coalition will foster global action to promote trade policies that can help address climate change through local and global initiatives. The Coalition aims to build partnerships between trade and climate communities to identify the ways in which trade policy can contribute to addressing...

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Chapter News, Trade & TTIP Related

U.S.-EU Joint Statement of the Trade and Technology Council

I. Introduction The U.S.-EU Trade and Technology Council (TTC) met outside Washington, D.C., on December 5, 2022.  The meeting was co-chaired by U.S. Secretary of State Antony Blinken, U.S. Secretary of Commerce Gina Raimondo, U.S. Trade Representative Katherine Tai, European Commission Executive Vice President Margrethe Vestager, and European Commission Executive Vice President Valdis Dombrovskis, joined by U.S. Deputy Under Secretary of Labor Thea Lee, Jamaica Minister for Information Communication Technology Floyd Green, and Kenya Cabinet Secretary for Information, Communication and...

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Chapter News, Trade & TTIP Related

Speech by Executive Vice-President Valdis Dombrovskis at the Trade FAC meeting

"Check against delivery" Thank you very much and thank you, Minister Sikela, for your excellent chairmanship and for the strong work of Czech Presidency. Even though if I know your work on the trade track may be over, you continue to work very intensively on energy track. Our discussions today focussed on three core issues for EU trade policy: World Trade Organisation reform, EU-US trade relations and our ongoing trade support to Ukraine. The EU is the strongest global champion of a...

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Chapter News, Trade & TTIP Related

Statement from the Commission on clarifications discussed with Germany regarding investment protection in the context of the CETA agreement

Brussels, 29 August 2022 | The EU and Canada are trusted and like-minded partners that share the same goals when it comes to promoting open, sustainable and fair trade. Our EU-Canada Comprehensive Economic and Trade Agreement (CETA) aims to support our common objective of climate protection. In this context, the European Commission has engaged in constructive discussions with the German Federal Government to prepare a text that clarifies certain provisions in CETA. The result of these technical discussions is a...

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Chapter News, Trade & TTIP Related

FACT SHEET: U.S.-EU Trade and Technology Council Establishes Economic and Technology Policies & Initiatives

Posted on May 16, 2022 | New Policies Will Strengthen Our Economic Partnership, and Update Rules of Global Economy Read the U.S.-EU Joint Statement here. The U.S.-EU Trade and Technology Council (TTC) held its second ministerial meeting in Saclay – Paris, France on May 15-16, 2022. U.S. co-chairs, Secretary of State Antony J. Blinken, Secretary of Commerce Gina Raimondo, and United States Trade Representative Katherine Tai were joined by EU Co-Chairs European Commission Executive Vice Presidents Margrethe Vestager and Valdis Dombrovskis to...

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Member News, Trade & TTIP Related

GDLSK | International Trade Commission initiates investigation of the economic impact of Section 232 and 301 tariffs on U.S. industries

The United States International Trade Commission (“ITC”) has announced the commencement of its retrospective investigation on the economic impact on the U.S. industries most affected by the Section 232 and 301 tariffs that were active as of March 15, 2022. NOTE: This investigation is in addition to a separate from the United States Trade Representative’s (“USTR”) review with regard to the continuation of the 301 tariffs which was commenced on May 7, 2022. See our notice on the USTR...

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