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Transatlantic News
Transatlantic News
26
Apr
What was the European Parliament like during its 2014-2019 term? Find out some interesting facts ahead of the European elections on 23-26 May that will shape the next Parliament.
Less than half of the MEPs that arrived in July 2014 were new to the Parliament. Some 51.5% had served as MEPs previously. Greece had the largest proportion of new MEPs at 90.5%.
The share of women MEPs was 36.9% at the start of the term, decreasing slightly to 36.5% at end...
25
Apr
A new round of tariffs between the United States and its main partners would only cause a “modest decrease” in the pace of economic growth in the euro zone, according to research by the European Central Bank.
The study simulated a two-way, 10 percent increase in tariff and other trade barriers between the world’s largest economy and all its partners.
It showed an “overall modest decrease in activity” in the euro area due to fading global confidence outweighing a boost to...
25
Apr
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...
19
Apr
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...
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...
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