Current geopolitical tensions are starting to have a measurable effect on international trade, the World Trade Organization warned.
Stats & data
Commission stresses FTA role in EU goods export prowess
The EU’s trade surplus with countries with whom it has a free trade agreement increased by €84 billion in 2021, largely due to the entry into force of the EU-UK trade and cooperation agreement. Approximately 20% of the EU’s surplus with preferential partners can be attributed to agri-food.
WTO sees slower trade growth in 2022 amid Ukraine war, poor countries hit most
The WTO released its annual projections for trade over the coming year. These reveal the extent to which the conflict in Ukraine has affected the outlook for global commerce.
Commission trade enforcement report points to rising pandemic-era protectionism
A report published today by the European Commission states that its efforts to remove trade barriers in third countries from 2014-2019 led to EU exports in 2020 being €5.4 billion higher than they would have been otherwise.
EU to extend steel safeguard for another three years
The European Union is planning to extend its three-year safeguard into imports of steel for another three years, in a move that is unprecedented in the EU’s trade defence history.
Blog : The state of mind of Europeans on trade, tech, China and America
The new edition of the German Marshall Fund’s annual Transatlantic Trends makes for sobering reading for those with an interest in globalisation, trade, technology and geopolitics, comments IanaDreyer.
EU-27 China goods trade buoyant in pandemic-ridden 2020
The European Union’s global trade in goods dropped overall in 2020 as a result of the COVID-19 pandemic in 2020. But the EU’s legendary trade surplus held up well – and so did trade with China. This contrasts with a dramatic drop in EU trade with the United States and …
EU goods trade with China stable in 2020 to date amidst general drop
Goods trade data collected by the European Union’s statistical agency reveal dramatic declines in 2020 so far as a result of the COVID-19 pandemic. In January to October 2020, extra-EU exports of goods fell to €1 579.4 bn, Eurostat finds. That is “a decrease of 11.3% compared with January-October 2019″. …
Week in Brussels: FTA report, China GIs, Western Balkans
After a week dominated by EU-US trade news, here some other developments in trade policy in Brussels. By Sarah Anne Aarup and Iana Dreyer.
Travel restrictions stifle trade and investment, says WTO
“Human mobility constitutes services trade in its own right, while also enabling trade in goods and other services,” reads a thought-piece on the impact of COVID-19 travel restrictions on international trade put together by the secretariat of the World Trade Organization.
