Trade & TTIP Related

Member News, Trade & TTIP Related

GDLSK | Petition for the imposition of anti-dumping duties on thermal paper from Germany, Japan, Korea and Spain

I.  Type of Action: Antidumping Duty (“AD”): Thermal Paper from Germany, Japan, Korea and Spain II.  Product: Thermal paper is a paper coated with chemicals that react to form images when exposed to heat. Thermal paper can be used in special printers to create an image without ribbons or other consumables (other than the paper itself). When imaging, the thermal paper containing the dye is passed between the thermal print head and the platen roll in the printer. The thermal head...

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Chapter News, Trade & TTIP Related

European Parliament: EVP Dombrovskis speech at the hearing for the Commissioner-Designate for Trade

Statement | 2 October 2020 | By Executive Vice President Valdis Dombrovskis, Commissioner-Designate for Trade Honourable Chairman, Esteemed Members of the European Parliament, I was honoured when President von der Leyen placed her trust in me to continue to lead our shared European trade agenda. I hope that at the end of this hearing, you too will feel satisfied that you can place your trust in me. Honourable members, you already know me. I have worked with this house on many...

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Member News, Trade & TTIP Related

HSBC | Making the USD10 trillion case for trade

Insight from HSBC and BCG on how trade could power economic growth - and the steps needed to unlock that potential. Download the full report here: THE $10 TRILLION CASE FOR OPEN TRADE Embracing open and fair trade could boost global GDP by USD10 trillion a year in 2025, according to a major new report co-written by HSBC and Boston Consulting Group (BCG). The $10 Trillion Case for Open Trade provides compelling evidence of the potential benefits of liberalising commerce as policymakers aim...

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Chapter News, Trade & TTIP Related

IMF | Trade as a Tool for an Efficient Recovery

As economies now look for paths to recovery from the COVID-19 crisis, new evidence reaffirms that policies for more open and trade-integrated economies could significantly benefit domestic competition and ultimately may help lower costs for consumers in emerging and developing economies. A recent Working Paper, building on the Regional Economic Outlook chapter on competition, competitiveness and growth in Sub-Saharan Africa, examines the effect of trade liberalization using a large firm-level dataset covering about 400,000 firms in 83 emerging and developing economies from 2000...

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Chapter News, Trade & TTIP Related

EU Commission adopts proposal to make EU-U.S. agreement on tariffs effective

The European Commission today published a proposal for a Council and European Parliament regulation to scrap duties on certain imports to the EU. In return, the United States will reduce its duties on certain EU exports to the U.S. market. This will put into effect the agreement announced by the EU and the U.S. on 21 August 2020. These tariff reductions between the EU and the U.S. will increase access to both EU and U.S. markets by around €200 million per...

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Member News, Trade & TTIP Related

GDLSK | US-EU Trade Update

US and EU Agree to Reduce Tariffs on Certain Products and the EU Asks the US to Withdraw Tariffs in Connection with the Large Civil Aircraft Dispute. On August 21, 2020, the Office of the United States Trade Representative (USTR) issued a Joint Statement with the European Union Trade Commission to announce the first tariff reductions between the US and EU in over 20 years. The tariff reductions will be retroactive to August 1, 2020.  The US will reduce tariff rates by...

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Chapter News, Trade & TTIP Related

Joint Statement of the United States and the European Union on a Tariff Agreement

21 August 2020| Brussels United States Trade Representative Robert Lighthizer and European Union Trade Commissioner Phil Hogan today announced agreement on a package of tariff reductions that will increase market access for hundreds of millions of dollars in U.S. and EU exports. These tariff reductions are the first U.S.-EU negotiated reductions in duties in more than two decades. Under the agreement, the EU will eliminate tariffs on imports of U.S. live and frozen lobster products. U.S. exports of these products to...

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Member News, Trade & TTIP Related

GDLSK | USTR Revises List of EU Goods Subject to Large Aircraft SEC. 301 Retaliatory Tariffs

On August 12, 2020, the United States Trade Representative (“USTR”) issued the modified list (Annex 2, section 2) of European Union (“E.U.”) goods subject to Sec. 301 retaliatory tariffs in connection with the World Trade Organization (“WTO”) case against E.U. large aircraft subsidies. While approximately 24,000 comments were filed in response to the USTR’s request for comment regarding changes to the list, only minor changes were implemented. The USTR removed certain products from Greece and the United Kingdom and added an...

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Member News, Trade & TTIP Related

GDLSK | Additional 25% Section 301 Duties on French Handbags and Cosmetics in Retaliation for Digital Services Tax

On July 10, 2020, the Office of the United States Trade Representative (“USTR”) announced an additional 25% Section 301 duties on various handbag and cosmetic products from France effective January 6, 2021. These retaliatory duties will be imposed in response to France’s planned Digital Services Tax (“DST”), which the USTR determined is discriminatory and unreasonably burdens U.S. technology companies. Implementation of the additional duties will be delayed for 180 days to allow for further negotiations between the two countries that may resolve this...

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Member News, Trade & TTIP Related

GDLSK: Possible additional retaliatory tariffs on products from the European Union in connection with the U.S. enforcement of WTO rights in large civil aircraft dispute

The Office of the United States Trade Representative (“USTR”) is considering a modification to the list of products from the European Union (“EU”) and United Kingdom (“UK”) subject to Section 301 tariffs and an increase of the additional duties up to 100%. The tariffs were initially imposed on October 18, 2019 in response to a World Trade Organization (“WTO”) ruling that the U.S. may levy up to $7.5 billion annually in countermeasures for EU subsidies provided to aircraft manufacturer...

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