Trade

EU looks to tighten controls on low-quality online imports

Earlier this month, the EU Commission set out a number of measures to tackle risks stemming from low-value imports sold via non-EU online retailers and marketplaces hosting non-EU traders. The…

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Germany’s trade surplus with US reaches record high as Trump tariffs loom

The German trade surplus with the United States is heading towards a record level just before U.S. President-elect Donald Trump arrives at the White House, an analysis of statistics office…

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WTO says its trade growth estimates appear ‘overly optimistic’

The World Trade Organization will likely cut its estimates for goods trade growth for 2023 and 2024 due to a less buoyant global economy and the potential impact of disruptions…

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China urgently needs to address economic uncertainty – EU business group chief

The head of an influential European business lobby in China said Beijing needs to send a clear message on how it plans to revive its economy and provide clarity on a…

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World Bank, WTO chiefs seek to reignite services trade negotiations

The heads of the World Bank and the World Trade Organization on Monday called for countries to boost efforts to make trade in global services more transparent and predictable, saying…

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EU agrees on retaliation to counter economic coercion

The European Union has agreed to allow retaliation against countries that put undue economic pressure on EU members to change their policies, such as the trade restrictions the bloc says…

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EU and China to discuss competition policy and enforcement as relations hit low

Officials and experts from the EU and China will meet from 28 to 31 March 2023 to discuss their cooperation on competition law and enforcement in the EU and China.…

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Trade war with China could cost Germany six times as much as Brexit – Ifo

BERLIN (Reuters) - Germany would face costs almost six times as high as Brexit if it and the European Union were to shut China out of their economies, the Ifo…

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EU to propose new sweeping sanctions against Russia worth billions of euros

The European Commission is to propose on Tuesday to EU nations new sweeping sanctions against Russia, which include a ban on imports of coal, rubber, chemicals and other products from…

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Mediterranean and Black Seas: Commission proposes fishing opportunities for 2022

The European Commission has adopted a proposal for fishing opportunities for 2022 in the Mediterranean and the Black Seas. The proposal promotes the sustainable management of fish stocks in the…

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British food industry demands government action over CO2 shortage

LONDON, Sept 18 (Reuters) - Britain's food industry called on the government to subsidise carbon dioxide (CO2) production during a spike in gas prices or risk the collapse of the…

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Malta: Industry and services register positive sentiment, but construction, retail turn negative

Business Sentiment was positive in industry and services as well as among consumers, an Economic Update by the Central Bank of Malta shows. However, it turned negative in the construction…

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EU Commission opens infringement procedure against 12 states for failing to implement rules banning unfair trading

The European Commission has today opened infringement procedures against Malta 12 Member States for failing to transpose EU rules banning unfair trading practices in the agri-food sector. The Directive on unfair trading…

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Belarus leader threatens to halt transit of EU goods via his country to east

Alexander Lukashenko, the president of Belarus, on Tuesday threatened to stop the transit of European Union goods via his country to Russia and China in retaliation for EU sanctions. The 27-nation…

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WTO report: Trade policy restraint prevented destructive acceleration of protectionism

Trade policy restraint by G20 economies, as well as WTO members more broadly, prevented a destructive acceleration of protectionist trade measures that would have further hurt the world economy, according…

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Britain and Australia announce free trade deal, Johnson hail ‘new dawn’

Britain and Australia announced a trade deal on Tuesday that will eliminate tariffs and red tape, hailed by British Prime Minister Boris Johnson as "a new dawn" in the two…

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Euro zone trade surplus surges, but less than expected, in April

The euro zone's unadjusted trade surplus was almost five times higher in April than a year earlier, mainly thanks to a strong rebound in exports of machinery and cars, but…

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Australia’s top exporting state calls for reset in China ties

Australia's biggest exporting state on Tuesday urged Canberra to stop antagonising China, the country's top trade partner, in remarks that came amid escalating criticism of Beijing led by the United States, Australia's…

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Trade and biodiversity: new methodology to better assess trade impacts on nature

Today, the Commission published a new methodology for assessing the impacts of trade liberalisation on biodiversity and ecosystems. The new methodology will contribute to further improve the sustainability impact assessments…

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More than a fifth of small UK exporters have temporarily halted EU sales

More than a fifth of small British exporters have temporarily halted sales to the European Union and 4% have done so permanently, a survey showed on Monday, highlighting problems that…

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‘Beached whale’ ship could block Suez Canal for weeks

SMAILIA, Egypt March 25 (Reuters) - A container ship blocking the Suez Canal like a "beached whale" may take weeks to free, the salvage company said, as officials stopped all ships entering the channel on Thursday in a…

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ANALYSIS-In a harsher trade world, EU arms itself for future conflicts

Hardened by the pain of Brexit, clashes with the Trump presidency and a new realism over China, a bruised European Union is due next week to set out a future trade policy designed…

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Boris Johnson signs the post-Brexit trade deal – UPDATED

LONDON, Dec 30 (Reuters) - British Prime Minister Boris Johnson signed the post-Brexit trade deal with the European Union on Wednesday, adding his signature to that of EU chiefs after the…

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Britain and France seeking on reopening border – BBC

Britain and France may reach an agreement over reopening their border by Tuesday lunchtime, the BBC reported. The transport of freight across the English Channel has been disrupted after France…

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EU states to act to implement any UK trade deal swiftly – sources

BRUSSELS (Reuters) - The 27 EU member states welcomed Sunday’s extension of UK trade talks and committed to taking “all the necessary steps” to put in place any deal reached…

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Biden would rebuild strong ties with EU says adviser

Democrat Joe Biden would end the "artificial trade war" that U.S. President Donald Trump has waged against Europe, while working to address persistent imbalances in agricultural trade between the two…

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Comuniq.EU – Trade

by Keith Zahra EU and US agree on first negotiated reductions in duties in more than two decades The European Union and the United States have reached an agreement on…

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US announced 25% tariff on French handbags and cosmetics

The Trump administration announced a 25 percent tariff on $1.3 billion worth of French handbags, cosmetics and soaps in retaliation for a digital services tax on U.S. internet giants, but…

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India in talks with EU for trade deal, open to pact with UK

India has started trade talks with the European Union (EU) and is open to dialogue with the United Kingdom for a free trade agreement, the trade minister said on Saturday,…

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U.S. trade groups urge China to increase purchases of U.S. goods, services

The U.S. Chamber of Commerce and over 40 trade associations on Monday urged top U.S. and Chinese officials to redouble efforts to implement a Phase 1 trade agreement signed by…

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South American countries push for trade agreement with EU

Mercosur ministers reported progress on the final text of a trade agreement with the European Union on Wednesday on the eve of a summit meeting overshadowed by French President Emmanuel Macron's latest comments…

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Coronavirus rekindles global trade disputes

At the start of the year, U.S.-China tensions were easing after their Phase I trade deal, while Washington, Brussels and Tokyo agreed on new global trading rules to curb subsidies.…

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UK to start trade talks with US next week – reports

UK ministers are to start trade deal talks with the U.S. next week, The Sun reported on Friday. Britain has issued the order to start formal negotiation with U.S. despite…

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UN warns ‘rapid deterioration’ in global investment flows as Coronavirus spread

Foreign direct investment flows are liable to drop by 30 to 40 per cent during 2020, into next year, due to the ongoing COVID-19 pandemic, reflecting a far more severe economic blow…

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UK consumers face higher prices for EU goods, deal or not

U.K. consumers will face higher prices on goods coming from the European Union after Brexit, whether Boris Johnson signs a free trade agreement with the bloc or not, according to…

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Gove warns of inevitable Brexit talks for everybody who imports from EU as of 2021

British de facto deputy prime minister Michael Gove has told businesses that trade with Europe they need to prepare for “significant change” with “inevitable” border checks for “almost everybody” who…

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Dozens of Asia trade fairs, conferences postponed amid coronavirus fears

More than two dozen large trade fairs and industry conferences in Asia have been postponed because of the spread of the China coronavirus, shuttering events where billions of dollars worth…

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EU probes maker of Toblerone and Milka for anticompetitive behaviour

The European Union has opened an antitrust probe against snack company Mondelēz for restricting trade across the EU. The U.S. food giant, which produces the Milka and Toblerone chocolate…

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China cuts tariffs on $75bn of US goods amid coronavirus pressure

China has cut tariffs on $75bn worth of imports from the US. The move comes as trade tensions ease and Beijing tries to cushion the economic shock caused by the…

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US and China sign deal to ease trade war

The US and China have signed an agreement aimed at easing a trade war that has rattled markets and weighed on the global economy. Speaking in Washington, US President Donald…

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US drops China’s designation as currency manipulator

The U.S. Treasury Department on Monday dropped its designation of China as a currency manipulator days before top officials of the world's two largest economies were due to sign a…

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EU to evaluate the Chinese offer for European investors

This week the EU and China held the 25th round of negotiations for the EU-China Comprehensive Agreement on Investment. This round saw the second exchange of market access offers…

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European Commission reinforces tools to ensure Europe’s interests in international trade

The European Commission unveiled a proposal that will allow the European Union to protect its trade interests despite the paralysis of the multilateral dispute settlement system in the World Trade…

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Import duty on cars, clothes and other products in Switzerland may be scrapped

Import duties on various products including cars, clothes, and household appliances are set to be removed in Switzerland. If parliament approves the plan, the measure will enter into force in…

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Major trade partners seek compensation from UK and EU over Brexit

Leading trade partners are seeking compensation from the U.K. and EU over Brexit uncertainty that has disrupted pre-Christmas trade. Some 15 countries — including heavyweights such as Australia and the…

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EU-Singapore agreement to enter into force on 21 November 2019

EU Member States endorsed the trade agreement between the EU and Singapore. This means the agreement will enter into force as soon as 21 November. President of the European Commission…

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EU-China agreement protects 26 Italian products

The European Commission said Wednesday that it has reached a landmark agreement with Beijing to protect 100 European Geographical Indication (GI) products, including 26 Italian ones, in China and 100…

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France and China agree €13.5 billion trade contracts

French President Emmanuel Macron and Chinese President Xi Jinping announced major trade contracts in Beijing in Wednesday worth €13.5 billion. Deals were agreed in aeronautics, energy and agriculture. Twenty French companies…

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US and China trade agreement possibly reached

U.S. President Donald Trump signalled on Friday the possible conclusion of a long-awaited Sino-American trade deal. Trump referred to a “phase one” agreement that could be signed in Iowa. New…

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What’s new in the ‘new’ Brexit deal? – Trade

"Where there is a will, there is a deal!" Boris Johnson and Jean-Claude Junckerboth took to Twitter to announce that a Brexit deal has been struck between the EU and…

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Donald Trump hails ‘phase one’ US trade deal with China

After 15 months of trade talks between Washington and Beijing, the two sides have "come to a very substantial phase one deal," US President Donald Trump told reporters on Friday.…

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Warning new American tariffs on EU food will boost prices, cost U.S. jobs

New 25% U.S. tariffs on Italian cheese, French wine, Scotch whisky, British biscuits, Spanish olives and thousands of other European food products will lead to higher prices ahead of…

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Japanese firms forced to rethink their British investments in case of disorderly Brexit

Japanese companies and investors would be forced to reassess their four-decade bet on the United Kingdom if there is a disorderly exit from the European Union that shattered supply chains…

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New round of US-China trade tariffs worth $200 billion takes effect

The United States and China levied additional tariffs on thousands of each other's goods on Sunday, with Beijing targeting US crude oil for the first time since the trade war began.…

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G7 summit begins in shadow of trade friction, climate change, Iran and Brexit

The G7 summit has begun in the shadow of friction over trade, climate change and Iran likely which are likely to dominate the talks, not to mention protests planned around…

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Trump escalates trade war with more China tariffs

US President Donald Trump has said he will impose a fresh 10% tariff on another $300bn of Chinese goods, in a sharp escalation of a trade war between the two…

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South Korean chipmakers Samsung and Hynix might be spared Japan’s planned restrictions on Seoul

South Korean chipmakers may be spared the worst damage from Tokyo’s new trade restrictions on Seoul with Japanese officials saying the country plans to still grant export licences for all…

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