Trade News

Trade News

Chapter News, Trade & TTIP Related

EU Commission launches new complaints system to fight trade barriers and violations of sustainable trade commitments

The European Commission has today launched a new complaints system for reporting market access barriers and breaches of Trade and Sustainable Development commitments in the EU's trade agreements and under the Generalised Scheme of Preferences. The new complaints system reflects the Commission's increased efforts to strengthen the enforcement and implementation of trade agreements. It follows the Commission's appointment in July of its first Chief Trade Enforcement Officer (CTEO) to oversee its tougher action on enforcing trade policy, as well as the Commission's...
Chapter News, Trade & TTIP Related

Boeing WTO case: EU puts in place countermeasures against U.S. exports

The European Commission’s regulation increasing tariffs on U.S. exports into the EU worth $4 billion will be published in the Official Journal of the EU. The countermeasures have been agreed by EU Member States since the U.S. has not yet provided the basis for a negotiated settlement, which would include an immediate removal of U.S. tariffs on EU exports in the Airbus WTO case. The World Trade Organization (WTO) formally authorised the EU on 26 October to take such countermeasures...
Chapter News, Trade & TTIP Related

EU Leaders Congratulate President-Elect Biden and Vice President-Elect Harris

Leaders from across the world offered their congratulations on Saturday, November 7 to U.S. President-elect Joseph R. Biden, Jr. and Vice President-elect Kamala Harris, following their projected win in the 2020 presidential election. As partners with shared history and values, EU leaders were among the first to send well wishes to Biden and Harris. European Commission President Ursula von der Leyen said she looked forward to working with President-elect Biden, adding, “The European Union and the United States are friends...
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...
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...
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...
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...
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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