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Beyond Brussels: WTO paints bleak trade outlook ahead of G20 summit

It comes as little surprise that the World Trade Organization expects global merchandise trade to continue decelerating in the coming months – but it’s bad news, nonetheless. Mounting trade tensions, tighter credit conditions in key markets and waning business confidence have caused export orders to fall, the WTO said in …

Defensive trade policy EU trade policies Stats & data

EU has cut back on trade remedies in 2016, WTO report shows

Despite what World Trade Organization head Roberto Azevêdo calls “substantial risks that threaten the world economy”, WTO members including the EU introduced fewer trade-restricting measures in the 12 months through mid-October. Governments imposed measures such as new or higher tariffs, customs procedures, quotas and local content requirements an average of …

France Internal EU politics Stats & data

EU Globalisation Adjustment Fund: France gets most help, Britain never asked for any

The European Commission released a report on the European Globalisation Adjustment Fund, a pot of public money set up ten years ago to help workers in distressed sectors retrain and find new jobs. The press announcement states proudly that this report proves the fund’s “effectiveness”.   In 2015 and 2016, …

Stats & data

EU sees goods trade slowdown in 2016

EU goods trade slowed down in 2016, the latest Eurostat statistics released this week reveal.   In January to December 2016, extra-EU28 exports of goods stood at €1 745.7 bn, decreasing by 2 percent compared with the period running from January to December 2015. EU imports decreased by 1 percent the …

Stats & data

Signs of EU trade slowdown in 2016

Eurostat released fresh data offering first indications of how the EU has fared in its goods trade so far in 2016. The trend is clearly downward, with EU 28 exports to the rest of the world in the first seven months of 2016 plunging 13 percent compared to the same period last year.   …