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Transatlantic News
Transatlantic News
09
Aug
On July 25, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with France.
Near-term growth prospects remain favorable, although less buoyant than in 2017. Real GDP growth is projected to reach 1.8 percent this year and 1.7 percent in 2019, supported by robust investment and solid consumption. While the contribution of net exports turned slightly positive in 2017 and the current account deficit shrunk, France’s external position is assessed to be moderately weaker than...
06
Aug
The European Fund for Strategic Investments #EFSI has mobilised €335 billion in additional investment across the EU since July 2015. It has supported at least 750,000 jobs in the EU.
More results here.
EFSI in the Research, Development and Innovation sector
Sustained investment is required to turn research and development into innovation. Investing in research is a priority for the EU and the Investment Plan for Europe has been instrumental in supporting research-related projects across Europe. On average, around a quarter of Investment Plan...
06
Aug
The value of global exports have increased exponentially in the post-War period, facilitated by the creation of the GATT, WTO, and bilateral free trade agreements.
06
Aug
Brief Description of Country:
Portugal is one of the oldest countries in the world and was firstly recognized as an independent kingdom in 1143. It is has a prime geostrategic location between Europe, Americas and Africa, on the southern west coast of Europe, inside the Iberian Peninsula. It borders with Spain on the north and east, and with the Atlantic Ocean in the west and south.
Besides the continental part in Europe, the Portuguese territory also incorporates the archipelagos of Madeira...
06
Aug
by Maurice Marchand-Tonel, Honorary Chairman, EACC Paris
“Protection will lead to great prosperity and strength” (Donald Trump)
“No nation was ever ruined by trade” (Benjamin Franklin)
In the current debate on President Trump’s view of his “America First” mantra, “international trade” and “globalization” seem to be treated as one and the same thing. True, the two are obviously interconnected: the Tea Party and the ensuing War of Independence were indeed all about free trade within a global system (the tea and sugar...
06
Aug
by Pierre-Marc Johnson, 24th Premier of Quebec and Lead Negotiator for the Comprehensive Economic and Trade Agreement (CETA) for the Government of Quebec
Trade among nations has come under attack recently by various opinion currents in populist settings, and the partaking in this movement by governments in the USA, Italy, and other countries. Measures have been initiated by the USA that could lead to long-standing impacts of a “trade war”. Criticism of Trade is concentrated, depending on their origins, from...
06
Aug
By Pascal Lamy, former Director-General of the World Trade Organization
If there is any seemingly permanent feature of the last decades whose future is now uncertain, it is globalization. Globalization – the intensification of international trade that results in the growing diversity of sites to produce goods and services – is enabled by technology that reduces distance frictions and an ideology that rewards opening because more advanced international divisions of labour boost efficiency.
However, the system of international trade is suffering...
06
Aug
by Andrew Chrismer, Lead Editor, EACC Insights
What can we make of the state of the global economy today? Who controls it’s many levers, and how can it be regulated or deregulated in a world trade order ever more clouded by protectionism and trade-skepticism? The transatlantic community is dealing with tariffs and redefining friends and foes. Meanwhile, Britain prepares for Brexit and a potential hard landing out of the single market. The tenets of global trade policy set up over...