The European Union has agreed not to proceed with a second tranche of retaliatory import duties on United States imports on 1st of June as originally planned in order to leave room for further negotiations with the United States. The duty enactment could be deferred for up to six months.
There are timid signs of a gradual Washington ‘awakening’ to trade files that the European Union would want to settle with Washington to move on on trade.
The countdown for a second round of European retaliatory tariffs in response to United Sates tariffs on steel and aluminium from the European Union and the ex-EU member United Kingdom is now clearly on.
The European Union and Canada have started negotiating a mutual recognition agreement on the professional qualifications of architects. The proposed deal is part of CETA, the EU-Canada trade accord that has been in force provisionally since 2017.
This has been an intense week in European Union trade policy, with the continuous transatlantic file rolling on, a lot of action in Geneva, the EU and the ACP group finally concluding their post-Cotonou agreement and the European Parliament active on a variety of trade files. MEPs voted to resume …
United States-European Union political relations have seen a noticeable improvement since Joe Biden took over at the White House in Washington. Discussions are intense in the area of climate change and on security – not least on international sanctions. On the trade policy front there was one US gesture that …
New United States proposals on minimum corporation tax and digital sales are a welcome return to multilateralism, but Washington’s priority seems to be delivering domestic results rather than international cooperation. This remains a challenge to which the European Union and the United Kingdom now have to respond.
The European Commission has risked complicating its ongoing free trade agreement negotiations with Australia and New Zealand by authorising a Cypriot cheese speciality as a new geographical indication. This move also opens up a new potential area of conflict in its relationship with the United Kingdom.
As everyone in Europe prepares for a second semi-locked down COVID-19 Easter, one must say it hasn’t been the most glorious of trade weeks for the European Union – except for a specific CETA performance.
To divert a phrase by former US Ambassador to the EU Anthony Garner: last week-end the United States Trade Representative defused some hand grenades, but kept some ticking.