Trade & TTIP Related

17 Jun
Member News, Trade & TTIP Related

World Trade Centers Association launches its 2019 Trade & Investment Report

 The World Trade Centers Association (WTCA) unveiled its second annual Trade and Investment Report (www.WTCAReports.org), conducted in partnership with FP Analytics. The report details the key factors that enable cities to remain resilient as dramatic shifts in trade-and-investment policies intensify economic competition. Moreover, on-the-ground insights from interviews with WTCA members around the world reveal that the damage being caused to global trade and investment may be worse than is currently captured by traditional indicators. Global trade grew 3 percent in 2018, but...

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17 Jun
Chapter News, Trade & TTIP Related

Barriers to trade: as protectionism rises, EU continues opening up export markets for European firms

The European Commission's report released today confirms the continuous rise in barriers encountered by European companies in foreign markets. Thanks to the EU's firm response, 123 such barriers have been eliminated since the beginning of the current Commission mandate, allowing for more than €6 billion extra exports in 2018. The latest edition of the Trade and Investment Barriers Report (TIBR) identifies 45 new trade barriers put in place in countries outside the EU in 2018, bringing the total number to...

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28 May
Chapter News, News, Trade & TTIP Related

OECD warns global economy remains weak as subdued trade drags down growth

May 21, 2019 Global growth slowed sharply in late 2018 and is now stabilising at a moderate level. Escalating trade conflicts and dangerous financial vulnerabilities threaten a new weakening of activity by undermining investment and confidence worldwide, according to the OECD’s latest Economic Outlook. The global economy is expected to achieve moderate but fragile growth over the coming two years. Vulnerabilities stem from trade tensions, high policy uncertainty, risks in financial markets and a slowdown in China, all of which could...

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28 May
Chapter News, News, Trade & TTIP Related

European Council calls for an ambitious approach for a competitive single market

The Council today adopted conclusions on "A new level of ambition for a competitive single market". These conclusions are the Council's response to recent calls from the European Council for an integrated, forward-looking approach to the single market, which should connect all relevant policies and remove remaining unjustified barriers and avoiding creating new ones, in particular on freedom to provide services and on digitalisation. The single market is a huge achievement and a cornerstone for the robustness and the global...

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24 May
Chapter News, News, Trade & TTIP Related

Fairness in the food supply chain: Commission proposes to increase price transparency

Having banned unfair trading practices and improved producer cooperation, the Commission is today presenting the third element to improve fairness in the food supply chain by introducing greater transparency in the way prices are reported throughout the chain. The European Commission today tabled a proposal that will make available crucial information on how prices are determined as agri-food products move along the food supply chain. Buying and selling price differences can provide information about intermediary costs (such as transport, insurance, storage,...

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23 May
Member News, Trade & TTIP Related

President Trump Delays Implementation of Section 232 Tariffs on Imports of Automobiles and Automobile Parts

President Donald Trump today announced that his administration would delay for six months any action on the determination of the Department of Commerce (Commerce) in the Section 232 national security investigation into imports of automobiles and automobile parts. This investigation under Section 232 of the Trade Expansion Act of 1962 was self-initiated by Commerce in June 2018 (see Trump and Trade Update of June 1, 2018) and, while a final report and determination was presented to the president on February...

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20 May
Chapter News, News, Trade & TTIP Related, Uncategorized

Extra-EU trade in goods by invoicing currency – Euro was the most used currency for EU exports and US dollars for EU imports in 2018

Brussels, 20 May 2019 Goods imported and exported by the European Union (EU) can be invoiced in a range of currencies. In 2018, the euro was the most used currency for EU exports with a share of 48% of the total value of goods exported to non-EU countries and a share of 35% invoiced in US dollars. The picture was reversed for imports, with 56% of imports paid in US dollars and around a third in euros (35%). For total trade...

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07 May
Chapter News, News, Trade & TTIP Related

Spring 2019 Economic Forecast: Growth continues at a more moderate pace

Brussels, 7 May 2019 The European economy is forecast to continue expanding for the seventh year in a row in 2019, with real GDP expected to grow in all EU Member States. As global uncertainties continue to weigh, domestic dynamics are set to support the European economy. Growth is expected to gather pace again next year. The recent slowdown in global growth and world trade, together with high uncertainty about trade policies, is weighing on prospects for Gross Domestic Product (GDP)...

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25 Apr
Chapter News, News, Trade & TTIP Related

 ECB Economic Bulletin- The economic implications of rising protectionism: a euro area and global perspective

Prepared by Vanessa Gunnella and Lucia Quaglietti Published as part of the ECB Economic Bulletin, Issue 3/2019. The risk of a trade war came sharply into focus in 2018, as protectionist threats by the US Administration and its trading partners were followed by concrete actions. Tensions rose over the summer and, while these have been defused on some fronts, the risk of further escalation remains material. The impact of the measures implemented so far on the global and euro area economic outlooks...

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19 Apr
Chapter News, News, Trade & TTIP Related

EU-U.S. Trade: Commission welcomes Council’s green light to start negotiations with the United States

The European Commission welcomes today's decision by the Council to adopt the negotiating directives for trade talks with the United States, thus continuing to deliver on the implementation of the Joint Statement agreed by Presidents Juncker and Trump in July 2018. European Union Member States gave the Commission the green light to start formal negotiations with the U.S. on two agreements, one on conformity assessment, and the other on eliminating tariffs on industrial products. This is just three months after...

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