Commissioner for Trade Cecilia Malmström confirmed on Thursday that the EU would be willing to reach a “reciprocal” agreement with the US to scrap car tariffs as part of a new deal, but she added that both sides still have “profound disagreements” on trade.
Australia’s new prime minister will not walk away from the Paris climate agreement, although his new policies now make it unlikely the country will meet its emissions reduction goal. Ongoing trade talks with the EU could also hinge on how climate policy continues to develop.
The Cotonou agreement has regulated cooperation between the European Union and the African, Caribbean and Pacific (ACP) countries since 2000. With negotiations on its successor about to start, the results so far seem mixed. EURACTIV France reports.
Washington is pressing the European Union to speed up trade negotiations launched after last month’s meeting between US President Donald Trump and EU Commission President Jean-Claude Juncker, two German and a US official said on Saturday (25 August).
Iran is awaiting European guarantees on the sale of Iranian oil and banking relations, Foreign Minister Mohammad Javad Zarif said on Saturday (25 August), according to the Iranian Students' News Agency (ISNA).
Negotiators of a free trade deal between the European Union and South American bloc Mercosur want to wrap up by September, but differences over beef, sugar and the auto industry could dash those hopes, Brazilian foreign minister Aloysio Nunes said.
The European Commission approved an €18 million support package to Iran on Thursday (23 August) sending an important signal both to Teheran and Washington that Brussels will not back on its efforts to preserve the nuclear deal despite US sanctions.
Danish shipping company Maersk will this week send for the first time one of its ships along the Northern Sea Route, an Arctic shipping lane along Russia’s northern coastline that is set to become more important as climate change makes it more viable.
Europe needs to set up payment systems independent of the United States if it wants to save the nuclear deal between Iran and major powers that was abandoned by President Donald Trump, German Foreign Minister Heiko Maas has said.
Discrepancies between Italy and the EU over its expenditure, the trade dispute with the US and political quagmires such as the Brexit talks and the migration challenge cloud EU prospects ahead of the tenth anniversary of the collapse of Lehman Brothers.
The US said on Wednesday (15 August) the EU and four of its planemaker states have failed to bring subsidies for Airbus into line with a World Trade Organisation (WTO) ruling of last May, an accusation refuted by the EU.
German carmaker Daimler has shelved its expansion plans in Iran due to the reimposition of US sanctions but it might not be the last EU company to pull the plug on future aspirations, businesses organisations told EURACTIV.
As a result of the Trump administration's decision to withdraw from the Iran nuclear deal, Washington's re-imposition of sanctions hit European companies operating in the country from Monday (6 August) onwards. The EU has updated its ‘blocking statute’ to temper the impact.
Southeast Asia and Europe stressed the importance of pushing back against protectionism and the threat of global trade wars on Friday (3 August), as their ministers work towards the eventual goal of a region-to-region free trade pact.
Britain and the EU can have a trade agreement of unprecedented scope after Brexit if each retains control over their laws and there is a deal how to avoid a physical border in Northern Ireland, a top EU official said.
European equities markets were in the red on Thursday as trade war fears ratcheted higher after the United States said it was looking at more than doubling threatened tariffs on a range of Chinese imports.
As US President Donald Trump gears up pressure on China for trade concessions by proposing a higher 25% tariff on $200 billion worth of Chinese imports, the EU hailed a near three-fold jump in soybean imports from the US, attributing the surge to "market forces" and not last week's highly touted trade deal with President Trump.
BMW will invest 1 billion euros ($1.17 bln) to build a new plant in Hungary at a time when a rise in protectionism is forcing carmakers to curb inter-continental exports and to refocus production networks to serve regional trading blocs.