Just as EU and US leaders have agreed to a new transatlantic economic partnership, Barbara Böttcher and Klaus Deutsch of Deutsche Bank provide recommendations on how the two economic giants can deepen economic co-operation.
The European Commission is planning tougher action to prise open new markets for its companies in China, India and Russia, saying countries that fail to remove trade barriers will face further legal battles.
The Commission wants to boost trade between EU countries by making it more difficult for member states to block imports of specific products on the basis that they do not meet particular national standards.
After six years of troubled negotiations, the Doha Development Round, aimed at freeing global trade and at extending the benefits of globalisation to developing countries, has yet to come to a successful conclusion.
With pullovers, trousers, blouses, T-shirts, bras and yarns made in China and worth hundreds of millions of euro blocked in warehouses, the Commission is under growing pressure to come up with a solution fast.
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