Trade & Society

Global Europe 01-04-2020

EU’s INSTEX mechanism facilitates first transaction with pandemic-hit Iran

The EU says that its Iran-trading mechanism INSTEX, designed to allow Europeans to bypass US sanctions and continue trade with Tehran, has successfully concluded its first transaction. However, the humanitarian deal actually doesn't appear to contravene EU sanctions.
Economy & Jobs 31-03-2020

Belgium ends supermarket discounts ban

Belgium will end a two-week ban on supermarket promotions and discounts designed to discourage panic-buying after complaints that consumers were facing higher prices at a time of economic hardship due to the coronavirus.
Economy & Jobs 26-03-2020

US exports to the EU still three times higher than to China

The export of US goods to the EU totalled $337 billion in 2019, an increase of 6% on the previous year, according to the Transatlantic Economy 2020 report, published on Thursday (26 March). At the same time, that figure was three times higher than the total of goods exported from the United States to China.
Coronavirus 24-03-2020

Protective equipment joint purchase ready in two weeks, Commission says

International suppliers will be ready to provide personal protective equipment for fighting COVID-19  within two weeks, following the European Commission joint procurement initiative, the EU executive announced on Tuesday (24 March).
Economy & Jobs 18-03-2020

Amid COVID-19 recession concerns, US aircraft tariffs come into effect

The Trump administration enacted its planned duty rate increase for aircraft imported from the EU on Wednesday (18 March), amid the continuing spread of COVID-19 and fears of a subsequent recession. These measures will increase the rate from 10 to 15%, particularly impacting Airbus.
Economy & Jobs 17-03-2020

Will COVID-19 turn Germany’s export-oriented economy into a weakness?

The corona crisis is hitting Germany and with it the export-oriented medium-sized companies and world market leaders. A survey of them by WirtschaftsWoche reveals open flanks, but also hope and optimism.
Economy & Jobs 11-03-2020

Expert : Germany could use EU presidency to shape EU-China relations

In an interview with EURACTIV Germany, director of the Asia programme of the European Council of Foreign Relations, Dr Janka Oertel, described how Germany could play a pivotal role in changing the EU's relations with China and might even force the exclusion of Huawei from the planned 5G expansion across the EU.
Global Europe 10-03-2020

For Germans, which US presidential candidate is more economically literate?

With Michael Bloomberg and Elizabeth Warren dropping out of the Democratic primaries, Bernie Sanders and Joe Biden are the only Democrats front-runners left in this year's presidential race. But do Germans thinks they are more economically literate than Donald Trump? EURACTIV's partner WirtschaftsWoche reports.
Economy & Jobs 05-03-2020

Von der Leyen sees ‘momentum’ for improving EU-US relations

European Commission President Ursula von der Leyen said on Thursday (5 March) "there might be momentum” for improving the EU's relationship with the US, but it remained unclear when she will present a trade offer to US President Donald Trump to avoid further tariffs.
Climate change 28-02-2020

Brussels’ anti-climate-dumping quest in the spotlight

EU trade and industry ministers weighed into a discussion on a carbon border tax on Thursday (27 February), as the bloc’s internal market chief said the tariff will be ready to deploy “as soon as possible”.
Economy & Jobs 24-02-2020

The EU must stop importing human rights violations

The EU needs to adopt a mandatory due diligence approach to supply chain management to ensure that it stops importing human rights violations, argue Anna Cavazzini and Heidi Hautala.
Economy & Jobs 13-02-2020

Dried out: trade war cuts US whiskey sales to EU

Europeans have developed a taste for American whiskey over the past decade but trade disputes have slashed US exports of the booze, an American trade group said Wednesday (12 February).
Economy & Jobs 12-02-2020

MEPs bare teeth at illegal cats and dogs trade

The European Parliament is calling for a halt to the illegal trade in pets to protect animal welfare and public health but also to combat what has become an all too lucrative business. EURACTIV's partner Ouest-France reports.
Economy & Jobs 12-02-2020

United States accuses WTO’s Appellate Body of overreach in dispute handling

The US Trade Representative's office on Tuesday (11 February) accused the World Trade Organization's Appellate Body, which decides trade disputes between member countries, of "persistent overreaching" and failure to comply with WTO rules.
ASEAN 11-02-2020

Parliament to approve EU-Vietnam trade deal despite human rights ‘concerns’

The European Parliament is set to approve on Wednesday (12 February) a trade agreement with Vietnam, despite some MEPs and NGOs called for postponing their consent until the human rights situation improves in the country.
Economy & Jobs 11-02-2020

Trump: Time to negotiate ‘very seriously’ with EU on trade

President Donald Trump said Monday (10 February) the time has come to pursue trade negotiations with the European Union which he said imposes "incredible" barriers to US goods.
Economy & Jobs 07-02-2020

Member states ‘in the dark’ over Commission’s talks with the US

A group of EU member states are unhappy about the lack of information from the European Commission on the trade talks with the US and have expressed their “nervousness” about what could be in the deal, various diplomats and European officials told EURACTIV.
Economy & Jobs 07-02-2020

Coronavirus could hurt German economy due to its reliance on China

Since the coronavirus outbreak started, the Chinese economy has begun to suffer. As a result, Germany, and particularly its car industry, could also lose out as China is its most important trading partner. EURACTIV Germany reports.
Climate change 07-02-2020

EU’s anti-climate-dumping tool worries Russia 

In a sign that Moscow has taken note of the EU’s plan to deploy a carbon border tax, a top Kremlin adviser has urged Russia’s business giants to start adapting now if they want to continue selling their wares in the single market.
Data protection 07-02-2020

Xiaomi president: ‘We invest substantial amounts to be fully compliant with GDPR’

Amid security concerns surrounding Chinese tech giant Huawei, its smaller telecoms rival Xiaomi has been attempting to distinguish itself by focusing on consumer products and non-critical infrastructure.
Economy & Jobs 06-02-2020

EU trade chief Hogan returns to Washington as auto tariffs loom

European Trade Commissioner Phil Hogan returned to Washington on Thursday (6 Febrero) for talks with US counterpart Robert Lighthizer designed to improve transatlantic ties as the threat of auto tariffs looms.
Global Europe 05-02-2020

In State of the Union, Trump hails ‘American comeback’ amid domestic storm

With the impeachment shadow still over his head, US President Donald Trump on Tuesday (4 February) painted a self-congratulatory rosy image of the US economy. Here are four takeaway from Trump's State of the Union.
Economy & Jobs 04-02-2020

Coronavirus threatens EU-China agreement in 2020

Concluding an EU-China investment deal this year would be a “real challenge”, even more as the coronavirus will force both sides to cancel negotiation rounds, warned the EU Chamber of Commerce in China.
Economy & Jobs 04-02-2020

Trade MEP chief says national parliaments not needed for post-Brexit ratification

The chair of the European Parliament’s trade committee voiced hope on Tuesday (4 February) that an agreement with the UK could be achieved by November and said national parliaments would not be needed to ratify the deal as it would be an EU-only association agreement.

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