The EU has offered to negotiate a trade agreement with the US in return for a permanent exemption from steel and aluminium tariffs. But chances of success are limited. What is more, the EU-US row over the tariffs is becoming the lesser problem in the wider transatlantic relationship, writes Iana …
Latest news
FTA roundup: Mexico, Japan, Singapore, Australia and New Zealand
There have been a few developments and clarifications on the variety of bilateral free trade agreements under way in the EU in recent days. So here are some updates on where things stand with Mexico, Singapore, Japan, Australia and New Zealand. EU-Mexico ‘agreement in principle’ – next steps …
EU’s lapsed duties on Pakistani PET are illegal, WTO Appellate Body says
European antisubsidy duties on a Pakistani plastics ingredient that expired three years ago breach global trade rules, the World Trade Organization’s Appellate Body said today, upholding a previous ruling. The fact that the tariffs have lapsed means no action is required by either Islamabad or Brussels. But appeals judges’ …
EU failed to remove all illegal Airbus aid, WTO finds
The EU has failed to scrap all illegal subsidies for aircraft manufacturer Airbus, the World Trade Organization’s Appellate Body ruled today, meaning the US has grounds to strike back at European exports. But before that happens, the EU intends to take “swift action to ensure it is fully in line with …
Week ahead in EU trade: INTA, Brexit, investment screening
Two events will happen in Brussels this week that merit close attention: the European Parliament’s international trade committee will discuss a range of headline-worthy issues during its two-day meeting and the Working Party on Trade Questions will discuss investment screening. The churn on Article 50 negotiations between the EU27 and …
A week in Brussels: Trump shadow
The trade week in Brussels was relatively quiet, with many professionals away due to holidays. The trade policy churn nonetheless continued, with COREPER and the Trade Policy Committee meeting on Tuesday instead of their standard Wednesday, when all institutions closed for Europe Day. Member states examined the Australia and …
Beyond Brussels: WTO tensions deepen over intellectual property, steel, Appellate Body
The World Trade Organization’s General Council meeting on Wednesday highlighted the deepening rift between the US and other members over steel, intellectual property and Appellate Body nominations. There seems to be no way out of the crisis for now.
Comment: Trump’s cartoon-strip caricatures of EU threaten transatlantic ties
President Donald Trump’s anti-EU views are a dangerous departure from established US foreign policy and a threat to transatlantic trade relations, argues Anthony Gardner. Some 16 months into the Trump administration, one can predict that US-EU relations will be significantly damaged. President Donald Trump’s own statements make clear that …
Multilateral investment court: State of play at the UN
The UNCITRAL-hosted reform process of investor-state dispute settlement launched last November in Vienna is dominated by the EU, Canada and Mauritius. It is a process driven by governments and less by experts, with countries like the US and Japan finding themselves in a minority. Nikos Lavranos reports back on a …
Council restates who is boss on FTA architecture
Member states adopted ‘in principle’ their draft conclusions on what the European Commission terms the “new architecture” of trade agreements. Following the near collapse of CETA, the trade agreement with Canada, and the Court of Justice of the EU’s May 2017 ruling on a free trade accord with Singapore, the …