Diversification of trade destinations and sources seems to have been on top of minds in the EU this week. By Rob Francis and Iana Dreyer.
Korea
EU sets sights on Indo-Pacific to roll out its digital ambitions
The European Union’s trade policy plans in the Indo-Pacific strongly focus strongly on the digital aspect of things, a new Communication unveiled today confirms. The EU is rolling out its Global Gateway – a pendant to China’s Belt and Road – through a new strategy initially requested by the EU’s member states. …
EU to seek deeper digital trade ties with Indo-Pacific partners
The European Commission and External Action Service are planning to unveil a proposal to start Digital Economy Partnership Agreement negotiations with Korea, Japan and Singapore as part of the European Union’s new Indo-Pacific strategy. The EU is also considering launching data privacy legislation “adequacy” negotiations with India, Indonesia, Sri Lanka, …
EU South Korea FTA at Ten – a snapshot of the trade relationship
The EU-Korea free trade agreement came into force ten years ago in July. This was the first in a generation of ‘deep’ trade agreements Brussels has negotiated since then, each agreement stirring more political controversy at home. It also set the tone in shaping what is today’s ‘model’ EU FTA. …
Week in Brussels: Mercosur time horizon, Korea, India
A week with meaningful developments on transatlantic, digital and – not least – the EU-UK front. Here other updates… Dombrovskis eyes 2022 for ratification of EU Mercosur trade pact Speaking at an event hosted by the Portuguese presidency of the European Council in cooperation with BusinessEurope and its Brazilian counterpart …
Week in Brussels: Potential EU-US supply chain collaboration, Korea ILO, Mexico Global Agreement
Dombrovskis sees potential in EU-US supply chain resilience collaboration President Biden this week made headlines by announcing a review of the United States’ supply chains. Strategic dependencies on – namely but not only – China and other supply chain disruptions during the COVID-19 pandemic have had the US government focus …
Comment: EU Korea labour panel is milestone in Brussels’ labour right strategy
The panel report in the dispute between the EU and South Korea released today will be seen as a milestone in the European Union’s fundamental trade-related labour rights enforcement strategy, even if does not satisfy many political demands of the left-of-centre in the European Parliament nor of European labour unions.
Week in Brussels: MEP scrutiny of EU-UK TCA, carbon border measure, Korean surimi
EU UK TCA: European Parliament wants more scrutiny powers and more time European Parliament committees scrutinised the EU-UK Trade and Cooperation Agreement this week. The series of meetings culminated in a joint meeting of the foreign affairs and international trade committee on Thursday. This kick-starts a formalised consent procedure involving …
Korea to EU: labour commitments in FTA not a legal obligation
The European Union brought its first dispute under a bilateral free trade agreement against Korea. The EU alleges that Korea’s failure to ratify several International Labour Organisation core conventions, in particular Convention 87 on freedom of association of workers, is a breach of its terms under their 2010 trade pact. …
Week in Brussels: WTO, human rights due diligence, Korea thermal paper, document transparency
The trade week in the EU was significant, with new orientiations for policy spelt out as part of the bloc’s post-corona recovery plan. WTO: But the week in not entirely over as members of the WTO General Council meet today and next Tuesday online to confer about the next steps …
