After fifteen rounds of negotiations with the United States on the Transatlantic Trade and Investment Partnership (TTIP) since 2013, European Union (EU) Trade Commissioner Cecilia Malmström said that the free-trade deal is likely to be “in the freezer” until the new US administration has figured out its position on transatlantic trade. US President Donald Trump’s administration is not bound by any progress made in the TTIP negotiations by the previous Obama administration. TTIP was removed from the official White House...

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  On his first foreign trip as Vice President, Mike Pence met with European Council President Donald Tusk, European Commission President Jean-Claude Juncker, and EU High Representative/Vice President (HRVP) Federica Mogherini in Brussels on Monday following the Munich Security Conference. Vice President Pence reaffirmed U.S. commitment to cooperation and partnership with the EU and its desire to strengthen the EU-U.S. political and economic relationship. Read more about the visit   Compliments of the Delegation of the EU to the US

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The Trade Facilitation Agreement (TFA) – the most significant multilateral trade deal concluded since the establishment of the World Trade Organisation (WTO) in 1995 - enters into force today. The ratifications by Chad, Jordan, Oman and Rwanda today means the deal has reached the pre-determined threshold of 110 WTO members required for its immediate entry into force. This agreement aims to simplify and clarify international import and export procedures, customs formalities and transit requirements. It will make trade-related administration easier and...

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What does today's package include? Today, the Commission publishes: 27 Country Reports (for all Member States except Greece, which is subject to a stability support programme), including the In-Depth Reviews (IDRs) for 13 countries identified in the Alert Mechanism Report of last November a Chapeau Communication on the main findings and results of the Country Reports and IDRs a report on the implementation of the Fiscal Compact in national legal frameworks and an accompanying Communication "Fiscal Compact: Taking Stock" a...

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On 21 February 2017, the Council agreed its position on rules aimed at closing down 'hybrid mismatches' with the tax systems of third countries. The draft directive is the latest of a number of measures designed to prevent tax avoidance by large companies. It seeks to prevent them from exploiting disparities between two or more tax jurisdictions to reduce their overall tax liability. Such arrangements can result in a substantial erosion of the taxable bases of corporate taxpayers in the EU. The directive will contribute to...

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Introduction The Council considers that the budget for 2018 should provide adequate resources to continue supporting the traditional and evolving priorities within the Union, namely the recovery of the European economy, to address humanitarian and security challenges both within and outside the EU borders and to honour commitments already made under the current and previous programming periods. The Council recalls the principle of solidarity and underlines that a transparent and an effective use of the EU budget will contribute to the...

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If the EU is to boost its capacity to act, restore citizens’ trust and make the euro zone economy more resilient to outside shocks, it needs to make full use of the Lisbon Treaty. But to go further, it needs to reform itself more fundamentally. This was the key message of three resolutions exploring the future development of the European Union approved by Parliament on Thursday. The first resolution, drafted by Mercedes Bresso (S&D, IT) and Elmar Brok (EPP, DE)...

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Austrian President Alexander Van der Bellen held a passionate speech in favour of the EU at the European Parliament and said the challenges facing Europe could only be tackled together. Van der Bellen was addressing MEPs in Strasbourg on 14 February as part of his first official foreign trip. During the speech he said: “The European idea is great. It is unique. It is worth all the effort." Parliament President Antonio Tajani welcomed the Austrian president and said: "Twenty years...

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All EU Member States' economies set to grow in 2016, 2017 and 2018 © European Union 2017 Having proven resilient to global challenges last year, the European economic recovery is expected to continue this year and next: for the first time in almost a decade, the economies of all EU Member States are expected to grow throughout the entire forecasting period (2016, 2017 and 2018). However, the outlook is surrounded by higher-than-usual uncertainty. Real GDP in the euro area has grown for...

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