Chapter News

Chapter News

Employment up by 0.3% in euro area and EU28

First quarter of 2016 compared with the fourth quarter of 2015 - Employment up by 0.3% in euro area and EU28 - +1.4% in both areas compared with the first quarter of 2015. The number of persons employed increased by 0.3% in both the euro area (EA19) and the EU28 in the first quarter of 2016 compared with the previous quarter, according to national accounts estimates published by Eurostat, the statistical office of the European Union. In the fourth quarter...

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Chapter News

The European Commission adopts a new and comprehensive Skills Agenda for Europe

The aim of the Skills Agenda is to ensure that people develop a broad set of skills from early in life and to make the most of Europe’s human capital, which will ultimately boost employability, competitiveness and growth in Europe. 70 million Europeans lack adequate reading and writing skills, and even more have poor numeracy and digitals skills. This puts them at risk of unemployment, poverty and social exclusion. On the other hand, a large number of Europeans, particularly high-qualified...

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Chapter News

The world’s biggest Single Market: Europe’s greatest asset and its chance for new growth

Today Europe’s business leaders gather in Amsterdam with a clear agenda: how to get more from the European Union’s Single Market. The Single Market is a great achievement. By allowing people, services, goods and capital to move freely in the world's largest economy – our half-billion consumers are served by 30 million businesses generating €14 trillion – we all benefit from more choice and lower prices. For our companies it means new business opportunities; for our citizens, the chance...

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Chapter News, Trade & TTIP Related

Q&A with Commerce Secretary Penny Pritzker: Why Trade Agreements are Vital for U.S. Economic Growth

What role do trade agreements play in strengthening U.S. global competitiveness? How can increasing foreign investment opportunities for U.S. companies not just bolster the American economy, but the world economic order and the liberal international order more broadly? In a recent event at Brookings, Penny Pritzker discussed these and related topics with Suzanne Nora Johnson of the Brookings Board and Senior Fellow Robert Kagan. The bottom line is that America plays an extraordinary role in the world, and the U.S. shouldn’t...

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Chapter News

Improving the Competitiveness of American Seaports: Request for Comment

Last week, the Commerce Department invited comments from the public on how U.S. seaports can work better with their supply chain partners to reduce congestion, become more efficient, and improve America’s competitiveness. The information, ideas, and suggestions received from the notice will be used to inform a Departmental report on best industry practices that each U.S. seaport can use as needed to improve its operating efficiency. The request for comment is part of Secretary Penny Pritzker’s 21st Century Port Competitiveness Initiative,...

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Chapter News, Trade & TTIP Related

Malmström Rallies Around TiSA

"The recent revised offers and the work done so far represent real improvement, but we certainly still need more ambition. The EU is ready to go an additional mile but everyone needs to join if we want to achieve an agreement able to shape the global economy of the 21st century." European Trade Commissioner Cecilia Malmström chaired a meeting on the negotiations for the Trade in Services Agreement (TiSA) with 22 fellow ministers in Paris earlier last week. The participants discussed...

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Chapter News

Antitrust: Regulation on Interchange Fees

The Regulation on Interchange Fees for Card-based payment transactions entered into force in June 2015. It is aimed at addressing the widely varying and excessive hidden interchange fees which are an obstacle to the Single Market and a barrier to innovation. The Regulation caps the interchange fees for the most widely-used cards and imposes transparency obligations on banks and retailers to improve the functioning of the payment market for all cards. The rules on interchange fee caps have applied since...

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Chapter News

Resource efficiency in Europe: benefits of doing more with less

Many European countries are realising the economic benefits of making more efficient use of material resources like metals, fossil fuels and minerals. But more action is needed to underpin this trend in resource efficiency with stronger policies on energy, material resources, waste management and on circular economy. These are the findings from a new European Environment Agency (EEA) assessment published today. The EEA report More from less – material resource efficiency in Europe, takes an in-depth look at national approaches and policies...

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Chapter News

International Trade in Services

International trade in services - EU trade in services continued to rise strongly in 2015… ... but total surplus down for a second consecutive year The international trade in services of the European Union (EU) has increased steadily and significantly over the last six years. EU exports of services to the rest of the world rose by 42%, from €569.5 billion in 2010 to €811.2 bn in 2015, while imports grew slightly more rapidly (+43%) from €461.6 bn to €660.5...

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