02 Dec
Member News

Vulcan View: The latest EU developments 25 November – 29 November

European Parliament approves von der Leyen’s College of Commissioners On Wednesday, 27 November, MEPs gathered for the European Parliament Plenary on the new College of Commissioners and its programme, to vote on the approval of the new college. The session began with European Commission President Ursula von der Leyen’s speech thanking the outgoing College and sharing an outline of the plan for the new College. Von der Leyen announced her plan for a Competitive Compass, built on the three pillars of...

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02 Dec
Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – Spiking EU/ US air rates, sustainability regulations, more tariff talk for Canada and Mexico, a Panama Canal land bridge, and the increasing threat of supply chain scams.

Airfreight rates between Europe and the Americas have spiked in recent weeks, pushing up global air cargo prices. The main culprit seems to be reduced cargo capacity on these lanes, coupled with seasonal demand. For example, spot rates from Europe are 23% higher than they were at this time last year. Other key routes, such as Asia to the US and Europe are on the rise as well, although increases there are more moderate. Sustainability regulations and compliance are an ongoing...

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27 Nov
Member News

TABS | Crossing Continents: Benelux Ventures Navigating U.S. Expansion

Executive Summary In 2020, TABS conducted its DVITUS (Dutch Ventures in the United States) research, examining the experiences and challenges of Dutch companies expanding to the U.S. This study concluded that while success in the U.S. could be achieved relatively quickly, investment and preparation are crucial due to increasing complexities in international business. TABS performed another research study. This time broadening the scope to include companies from Belgium and Luxembourg. This was done in collaboration with Belcham and Luxembourg Trade and...

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25 Nov
Chapter News

CHIPS for America Announces up to $300 million in Funding to Boost U.S. Semiconductor Packaging

Project in Georgia, California, and Arizona aim to strengthen America's leadership in cutting-edge substrate technology for critical industries like AI Today, the Biden-Harris Administration announced that the U.S. Department of Commerce (DOC) is entering negotiations to invest up to $300 million in advanced packaging research projects in Georgia, California, and Arizona to accelerate the development of cutting-edge technologies essential to the semiconductor industry. The expected recipients are Absolics Inc. in Georgia, Applied Materials Inc. in California, and Arizona State University...

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25 Nov
Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – Shipping under a new administration, new EU FuelEU rules, West Coast rail congestion, dropping diesel prices, and a warning from US Customs and Border Protection.

Ocean shippers may face new challenges following Donald Trump’s reelection. Getting the most attention are the proposed tariffs on imports, particularly targeting China. Higher tariffs could lead to heightened front-loading of imports and higher rates. Medium- and long-term impacts on trade routes could include a growing reliance on Mexico as an alternative entry point into the US, and concerns about the general stability of global supply chains. All of which increases the importance of better supply chain planning by importers. New...

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22 Nov
Member News

Vulcan View: The latest EU developments 18 November – 22 November

Key Takeaways from the Executive Vice-President Hearings The second, and final round of confirmation hearings for the next College of Commissioners took place on Tuesday (12 November). The six Executive Vice-President Hearings are as follows: Kaja Kallas, Executive Vice-President for Foreign Affairs and Security Policy: Kallas pledged to work on strengthening the EU’s position in the world and safeguarding its geopolitical and economic security. Kallas has called on the EU to respond to outside threats “without losing who we are”. Raffaele Fitto, Executive Vice-President...

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22 Nov
Member News

AlixPartners | So this is Christmas… how will UK retailers fare?

With the festive season upon us, UK retailers are preparing to hold their ground over the Christmas period. The legacy of inflation still lingers, with the impact of previous price spikes continuing to strain consumer confidence despite inflation rates returning to more stable levels this year.  Last month's Budget compounded these challenges, announcing larger-than-expected increases to the National Living Wage and National Insurance Contributions, bringing particularly difficult news for retail, a sector relying heavily on part-time and lower-income workers.   AlixPartners’ UK Retail...

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22 Nov
Chapter News

IMF | G20 Economies Should Target Reforms to Boost Medium-Term Growth Prospects

Improving fiscal policy frameworks, fostering education and skills, and supporting the green transition can help ensure strong, sustainable, balanced, and inclusive growth Blog post by Paula Beltran Saavedra, Nicolas Fernandez-Arias, Chanpheng Fizzarotti, Alberto Musso | For most Group of Twenty economies, growth is poised to weaken over the next five years and remain well below what was typical in the two decades before the pandemic. That’s one of the biggest shared challenges for the group, which accounts for about 85 percent of global gross...

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21 Nov
Member News

AICEP | EU continues to be a global leader on sustainable finance

More than three years after the first transaction of our NextGenerationEU (NGEU) Green Bonds, the EU has issued more than €65 billion of NGEU Green Bonds, setting the EU on track to becoming the largest issuer of Green Bonds in the world. In line with the announcement of President von der Leyen in her State of the Union address of 2020, the European Commission will continue to work towards issuing 30% of the NextGenerationEU financing through Green Bonds. NGEU Green Bonds are...

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21 Nov
Chapter News

OECD | Average tax revenues in the OECD remain steady as spending pressures grow

The average level of tax revenues among OECD countries was largely unchanged in 2023 as governments sought to ease cost-of-living pressures amid growing spending challenges related to climate change and ageing populations, according to a new report released today. Revenue Statistics 2024 shows that the average tax-to-GDP ratio for OECD countries was 33.9% in 2023, 0.1 percentage points (p.p.) below its level in 2021 and 2022, but above its pre-pandemic level of 33.4% in 2019. In 2023, the tax-to-GDP ratio increased in 18 of the...

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