![European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources](https://eaccny.com/wp-content/uploads/2020/06/eaccny-logo.png){kind=logo}
Transatlantic News
Transatlantic News
14
Apr
Europe Is Not Only Still a Superpower: it's going to remain one for decades to come.
By Andrew Moravcsik | Foreign Policy Magazine | April 13, 2017
Sixty years after the Treaty of Rome, many view Europe as a spent force in global politics. Conventional wisdom states that world politics today is unipolar, with the United States as the sole superpower. Or perhaps it is multipolar, with China, India, and the rest rising to challenge Western powers. Either way, Europe’s role...
14
Apr
Today, U.S. Secretary of Commerce Wilbur Ross announced that the newly launched Swiss-U.S. Privacy Shield Framework is now accepting self-certifications. The Framework provides companies a mechanism to comply with Swiss data protection requirements when transferring personal data from Switzerland to the United States in support of transatlantic commerce.
“The Swiss-U.S. Privacy Shield Framework supports U.S. economic growth by ensuring that Swiss and American businesses can transfer data and deliver innovative online products and services under enhanced data protection,” said Secretary Ross. “It...
14
Apr
Europe faces considerable challenges, EIB President Werner Hoyer warned in his speech at the Columbia University in New York on 10 April 2017.
“Brexit confirmed the severity of the disenchantment,” said President Hoyer. “Some European citizens may have taken for granted the Union and some of the values it represents.” But multilateralism remains crucial for a functioning global economy in his view. “Going forward, an important factor will be the strength of multilateral institutions”, he said and called for equal...
13
Apr
Growth in the volume of world merchandise trade is expected to rebound this year from its tepid performance in 2016, but only if the global economy recovers as expected and governments pursue the right policy mix, WTO economists reported.
The WTO is forecasting that global trade will expand by 2.4% in 2017; however, as deep uncertainty about near-term economic and policy developments raise the forecast risk, this figure is placed within a range of 1.8% to 3.6%. In 2018, the...
13
Apr
Environment MEPs put forward a number of possible measures to cut the EU 88 million tonnes per year food waste by half by 2030 on Tuesday. MEPs called on the European Commission to lift existing restrictions on food donations and stressed a solution is needed for the confusion created for many consumers by the “best before” and “use by” labelling.
“In developed countries food is wasted mostly at the end of the chain, at distribution and consumption. Everyone has a...
12
Apr
On 12 April 2017, EU ambassadors agreed the Council's negotiating stance on macro-financial assistance for the Republic of Moldova.
Up to €100 million is proposed in EU assistance, of which €60 million in loans and €40 million in the form of grants. It would supplement resources provided by the IMF and other multilateral institutions.
The assistance would be aimed at supporting the country's economic stabilisation and structural reform agenda, helping to cover its external financing needs over the coming two years.
Ambassadors asked the presidency to...
11
Apr
The Maltese Presidency today struck a provisional deal with the European Parliament on the participation of the EU in a partnership to develop innovative solutions for sustainable water provision and management and food production in the Mediterranean region. The initiative, known as PRIMA (Partnership for Research and Innovation in the Mediterranean Area), will pool the know-how and financial resources of the EU and participating states. The partnership currently involves nine member states: Cyprus, Germany, Greece, Spain, France, Italy, Luxembourg,...
10
Apr
The investment recovery is strengthening in Europe. 84% of European firms reported having invested in the previous financial year. Going forward, more firms expect to expand their investment activities than to scale them back.
Firms consider only some 44% of their machinery and equipment to be “state-of-art”. Global competition and technological advancement call for a quick action.
But most firms say uncertainty (69% of firms), lack of skilled labour (68% of firms) and the business and the regulatory...