News and analysis on trade policy in Europe
Saturday, November 27, 2021
The European Union, the United States and Japan have agreed to resume dormant talks aimed at agreeing on joint principles related to industrial subsidisation, which they would like the World Trade Organization to endorse in a potential future reform process.
The international trade committee of the European Parliament has begun work on the European Commission’s regulatory proposal on “foreign subsidies distorting the internal market”. Its members are eyeing tighter conditions than originally laid out by the EU executive for triggering investigations.
Rich-country appetite for subsidies is growing. That means future difficulties in the trading system.
With new fire added to the brewing tensions in EU-US trade relations as new tariffs on the EU were announced in Washington, the EU mulling new retaliatory measures against US trade ‘coercion”, and Brussels infighting over the issue of who – if at all – it will put forward as …
