Transatlantic News

Transatlantic News

Brexit News, Chapter News

EU tax policy and Competition; EU-US trade relations and update on Brexit

Commission launches debate on a gradual transition to more efficient and democratic decision-making in EU tax policy EU tax policy The Commission has today kick-started the debate on reforming decision-making for areas of EU taxation policy, which currently requires unanimity among Member States. This unanimity often cannot be achieved on crucial tax initiatives, and can lead to costly delays on sub-optimal policies. The Communication published today suggests a roadmap for a progressive and targeted transition to qualified majority voting under the ordinary legislative...
Brexit News, Chapter News

Speeches by First Vice-President Frans Timmermans and Chief Negotiator Michel Barnier on behalf of President Juncker at the Plenary session of the European Parliament on the occasion of the debate on the UK’s withdrawal from the EU

Strasbourg, 16 January 2019 By Frans Timmermans & Michel Barnier First Vice-President Frans Timmermans Thank you very much, Mr President. The vote last night in the House of Commons was crystal clear. The Withdrawal Agreement has been rejected. And now we will have to look for a way forward. The Commission regrets the rejection of the Withdrawal Agreement, as the representative of the Council said, because we do believe this was the best possible outcome. In a situation where two parties were negotiating, looking after their...
Chapter News

Coming up in 2019: European elections, EU budget, Brexit

Elections, future of Europe, Brexit... the New Year starts with a busy agenda for the European Parliament. European elections  The next European elections - and the first after Brexit - will take place on 23-26 May. People in the EU will elect 705 MEPsto form the new European Parliament, which will then elect a new  president of the European Commission. Look out for debates between the lead candidates for the post. Future of Europe MEPs will continue to discuss the future of Europe with EU leaders. Spanish Prime Minister...
Chapter News, Trade & TTIP Related

EU Trade Commissioner Visits Washington DC. Read her Speech About the Current International Trade Landscape.

This week (January 7th-13th), EU Trade Commissioner Cecilia Malmström spoke at the Atlantic Council in Washington D.C. about the current international trade landscape. In her speech, Malmström pointed out the importance of reforming the WTO, in order to maintain the effectiveness of the system. “International trade without the WTO would be anarchic. Countries would be bullied, companies would fall victim to unfair practices – there would be no reliability, no stability. So we need to repair and stand up for the...
Chapter News

Joint Statement on Trilateral Meeting of the Trade Ministers of the United States, Japan, and the European Union

Mr Hiroshige Seko, Minister of Economy, Trade and Industry of Japan, Ambassador Robert E. Lighthizer, United States Trade Representative, and Ms Cecilia Malmström, Commissioner for Trade, met in New York on 25 September 2018. Statement on Concerns with Non-Market-Oriented Policies and Practices of Third Countries The Ministers reiterated their concern with and confirmed their shared objective to address non market-oriented policies and practices of third countries that lead to severe overcapacity, create unfair competitive conditions for their workers and businesses, hinder...
Chapter News

European Capital Markets Union: Common EU rules on securitisation are applying since 1 January

New rules to revive the EU's securitisation market will lead to more investment opportunities and increased lending to households and businesses. The new harmonised securitisation rules, which will apply as of 1 January, are an important building block of the Capital Markets Union. They will help provide additional funding sources for companies, strengthen banks' ability to support the economy and spread risks across market participants, while avoiding the excesses that led to the financial crisis. Drawing heavily on the work of the...
Chapter News

The Euro, Europe’s common currency, celebrates its 20th birthday

The euro, Europe's common currency, turned 20 on 1 January 2019. Exactly 20 years ago, on 1 January 1999, 11 EU countries launched a common currency, the euro, and introduced a shared monetary policy under the European Central Bank. The historic moment was a milestone on a journey driven by the ambition of ensuring stability and prosperity in Europe. Today, still young, the euro is already the currency of 340 million Europeans in 19 Member States. It has brought tangible...
Chapter News, Trade & TTIP Related

EU statement at the Trade Policy Review of the United States

Geneva, 17/12/2018 - 13:27, UNIQUE ID: 181217_10 | Statements on behalf of the EU Chair, At the last Trade Policy Review of the United States two years ago, a month before President Trump was sworn into office, I ended the EU statement with the hope that the protectionist rhetoric would end once the President-elect had taken office. Today, unfortunately, rhetoric has turned into reality and the repercussions of tariffs and other restrictions are being felt at the heart of this organisation,...

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