Trade & TTIP Related

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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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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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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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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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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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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Chapter News, News, Trade & TTIP Related

EU-U.S. Joint Statement: the United States is Europe’s main soya beans supplier with imports up by 121%

New figures released by the European Commission today, show that imports of U.S. soya beans by the European Union increased by 121% over the current market year (July 2018 to mid-April 2019), compared to the same period in the previous year. With a share of 72% of EU soya beans imports, the U.S. is today Europe's number one supplier. Conversely, Europe is the top destination of U.S. soya beans exports with 22%, followed by China (18%) and Mexico (9%). Increasing trade...

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Member News, Trade & TTIP Related

WTO Dispute Settlement Panel’s Decision to Rule on National Security Exception May Have a Major Impact on Trump Administration’s Section 232 Tariffs

By Thompson Hine International Trade on April 11, 2019 A World Trade Organization (WTO) dispute settlement panel ruling, Russia – Measures Concerning Traffic in Transit, issued last week on a member’s use of the WTO’s so-called “national security exception” under Article XXI of the General Agreement on Tariffs and Trade (GATT) may have a significant impact on the Trump administration’s application of that exception under U.S. law, Section 232 of the Trade Expansion Act of 1962, to impose tariffs on imports worldwide. Currently, the Trump...

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Member News, Trade & TTIP Related

Section 301 Tariffs on certain EU merchandise

The USTR issued a press release late yesterday regarding the potential imposition of additional tariffs on certain products from the European Union. The additional tariffs would be imposed pursuant to Section 301 of the Trade Act of 1974 and would affect approximately $11 Billion in goods.  The USTR states that the tariffs are being contemplated in response to subsidies that the EU has provided to European aircraft manufacturer Airbus.  The tariffs are split between two “Annexes”: one annex covering...

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Chapter News, News, Trade & TTIP Related

U.S. Readies $11 Billion in Tariffs on E.U.

By Ana Swanson | April 9, 2019 The United States and the European Union are preparing to impose tit-for-tat tariffs on each other’s products, the latest escalation in a 14-year fight over government aid given to Boeing and European rival Airbus. “The World Trade Organization finds that the European Union subsidies to Airbus has adversely impacted the United States, which will now put Tariffs on $11 Billion of E.U. products!” President Trump said in a tweet on Tuesday morning. “The E.U....

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