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Transatlantic News
Transatlantic News
18
Apr
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...
18
Apr
The world’s largest economies, particularly the EU, China, the US, Mexico and Canada, are all projected to suffer economically from the re-emergence of economic protectionism, and a significant increase in trade tariffs. In the case of the EU, the bloc would experience a 1% contraction in GDP, a 0.3% lower rate of employment, and a 1.1% decrease in imports by 2030, compared to a ‘no new tariffs’ baseline scenario.
This analysis is based on a global macro-economic model run by...
17
Apr
By Michele Bendall | Editor of Delegation of the European Union to the United States
Name: Stavros Lambrinidis | Age: 57 |Hometown: Athens, Greece
Ambassador to the U.S. since: April 8, 2019
Welcome back to Washington, Ambassador! Many of our readers may not know that you actually attended college here — first at Amherst College, then at Yale Law School — then you worked for a number of years as an international trade lawyer here in Washington. Tell us a little bit about yourself and how you came to the US.
I came...
17
Apr
Strasbourg, 17 April 2019
Today, the European Parliament approved the new Regulation on platform-to-business trading practices that is aimed at establishing a fair, trusted and innovation-driven environment for businesses and traders when using online platforms.
Vice-President for the Digital Single Market, Andrus Ansip, Commissioner for Internal Market, Industry, Entrepreneurship and SMEs Elżbieta Bieńkowska, and Commissioner for Digital Economy and Society, Mariya Gabriel, welcomed the outcome of the vote in a joint statement:
“We are delighted by the overwhelming support to the new...
16
Apr
April 16, 2019 09:30
From this place I would like to say words of comfort and solidarity with the whole French nation in the face of the Paris tragedy. I say these words not only as the president of the European Council, but also as a citizen of Gdańsk, 90 percent destroyed and burnt, and later rebuilt. You will also rebuild your cathedral. From Strasbourg, the French capital of the European Union, I call on all the 28 Member States...
11
Apr
EU27 leaders took note of the letter sent by UK Prime Minister Theresa May asking for a further extension to the Article 50 period. They agreed to an extension to allow for the ratification of the withdrawal agreement.
“Such an extension should last only as long as necessary and, in any event, no longer than 31 October. If the withdrawal agreement is ratified by both parties before this date, the withdrawal will take place on the first day of the...
10
Apr
10 April 2019
At today’s meeting the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council expects the key ECB interest rates to remain at their present levels at least through the end of 2019, and in any case for as long as necessary to ensure...
10
Apr
Brussels, 10 April 2019
Ahead of the European Council (Article 50) today, the European Commission has taken stock of the European Union's intense ‘no-deal' preparations and has issued practical guidance to Member States in 5 areas.
These areas include citizens' residence and social security entitlements, data protection, medicine and medical devices, police and judicial cooperation in criminal matters, and fisheries. The aim of today's guidance is to ensure the smooth practical implementation of EU and national contingency measures, if the United...
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