02 Dec
Brexit News, Member News

Vulcan Insight Analysis of the Latest EU Developments 25 – 29 November 2019

Von der Leyen Commission confirmed Wednesday saw the confirmation of Ursula von der Leyen’s Commission by the European Parliament, with 462 votes in favour, 157 against and 89 abstentions. Before the vote, von der Leyen presented her agenda for the coming years, outlining digitisation, climate change and financial services as her top priorities. Von der Leyen will become the first woman to serve in the EU’s top executive role with a team of 11 women and 15 men – the closest...

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02 Dec
Member News

ING Reports Outcome of 2019 EU-wide Transparency Exercise

ING Groep N.V. notes the announcements made today by the European Banking Authority and the European Central Bank (ECB) regarding the information of the 2019 EU-wide Transparency Exercise and fulfillment of the EBA Board of Supervisors’ decision. Background 2019 EU-wide Transparency Exercise At its meeting in April 2019, the EBA Board of Supervisors approved the package for the 2019 EU-wide Transparency Exercise, which since 2016 is performed on an annual basis and published along with the Risk Assessment Report (RAR). The annual...

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27 Nov
Member News

USTR Announces Additional Exclusions Granted to Sec. 301 List 3 Products

On November 26, 2019, the U.S. Trade Representative (“USTR”) announced that 32 additional product descriptions will be excluded from the Section 301 trade remedies imposed on Chinese-origin products. The newly announced exclusions all relate to items on China 301 List 3 (the $200 billion trade action) which, unless excluded, are subject to an additional tariff of 25% ad valorem. The list of newly-excluded items (which supplements the exclusions previously granted by the USTR) is provided below. The exclusions will...

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26 Nov
Member News

Alumnus Alfred Brownell of Liberia delivers keynote address at AAAS Science, Technology and Human Rights Conference

Calling on an audience of human rights leaders, scientists, government officials, and students to “stand up for what believe in, with a passion,” environmental rights defender and IIE-SRF alumnus Alfred Brownell of Liberia delivered the keynote address at the October 2019 American Association for the Advancement of Science (AAAS) Science, Technology and Human Rights Conference, held in Washington, D.C. In his remarks, Brownell underscored the need for more collaboration between science and technology experts and human rights organizations...

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26 Nov
Chapter News

Euro Area Financial Stability Environment Remains Challenging

Downside risks to global and euro area economic growth have increased and continue to create financial stability challenges, according to the November 2019 Financial Stability Review (FSR) of the European Central Bank (ECB). Low interest rates should support economic activity in the euro area, but may also encourage excessive risk-taking by some non-bank financial institutions and highly leveraged non-financial corporations, and in some real estate markets. “While the low interest rate environment supports the overall economy, we also note an increase...

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26 Nov
Member News

Analysis: Retailers Hoping for Consumer Confidence Despite Mixed Economic Outlook

Even with the ongoing political and economic uncertainty, year-on-year sales growth remained around average levels in October. Macroeconomic trends continued in line with previous months, with stagnant house prices, falling real wage growth, and lower consumer credit expansion.  The final two months of 2019 are a crucial trading period for the high street, encompassing both the Christmas period and (a slightly later) Black Friday. Retailers will hope that consumer confidence can hold on until the new year despite the mixed...

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25 Nov
Chapter News

Commerce Department Official Highlights Ways to Expand the U.S.-German Economic Relationship

Ian Steff, Deputy Assistant Secretary for Manufacturing, Performing the non-exclusive functions and duties of the Assistant Secretary of Global Markets and Director General of the United States and Foreign Commercial Service, recently led the U.S. delegation to Berlin, Germany for the U.S.-Germany Informal Commercial Exchange (ICE). The talks were held with senior German officials to discuss ways to further strengthen the substantial U.S.-German economic ties and expand cooperation on the investment environment. The delegation was hosted by Dr. Eckhard...

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25 Nov
Chapter News

Commission Publishes Proposal for Agreement on Conformity Assessment with United States

The European Commission published today its proposal for an EU-US agreement on conformity assessment for industrial products, in line with its commitment to enhanced transparency in trade negotiations. A product exported between the two sides often has to undergo an assessment to demonstrate that it complies with the technical and safety requirements of the importing party, a so-called 'conformity assessment'. This often means additional costs for exporters, which is especially burdensome for smaller companies, who often decide not to export...

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25 Nov
Member News

Bennett Jones Fall 2019 Economic Outlook

By David A. Dodge, Richard Dion, Serge Dupont, John M. Weekes, Michael Horgan and Valerie Hughes of Bennett Jones This is a special edition of the twice-yearly Bennett Jones Economic Outlook. In it, as always, we review the global economic and trade context and the short-term outlook for global and Canadian growth. In addition, we examine five key policy challenges that the Government of Canada and the minister of finance will confront and deal with in a new mandate. Government and...

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22 Nov
Chapter News

European Parliament Gives Green Light to New College of Commissioners

The European Parliament will vote on Ursula von der Leyen’s college of Commissioners next Wednesday 27 November, paving the way for the new Commission to start work on 1 December. The vote will take place during the Plenary session in Strasbourg, following the approval by the Council of the list of 27 Commissioners on Friday 22 November. The UK has declined to nominate a Commissioner before the general election on Thursday 12 December, despite having agreed to do so as...

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