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

trading

(Kyle Ryan, Unsplash)

This article is brought to you in association with the European Commission.


Today, 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 Organization (WTO). To further increase the focus on compliance and enforcement of the EU’s trade agreements, the Commission created today the position of Chief Trade Enforcement Officer.

President of the European Commission, Ursula von der Leyen, said: “A stronger Europe in the world implies efficient EU leadership on global trade and appropriate powers to ensure that international trade rules are respected. For that reason, I start my mandate by taking swift action to strengthen our trade toolbox. Today’s proposals will let us defend our interests in these particularly uneasy times for international trade. As many European jobs are at stake, the EU needs to be equipped to ensure that our partners respect their commitments and that’s what this proposal aims for.”

Commissioner for Trade, Phil Hogan, said: “This is a critical moment for multilateralism and for the global trading system. With the Appellate Body removed from the equation, we have lost an enforceable dispute settlement system that has been an independent guarantor that the WTO’s rules are applied impartially. Whilst we seek to reform the WTO and re-establish a well-functioning WTO system, we cannot afford being defenceless if there is no possibility to get a satisfactory solution within the WTO. The amendments we propose will allow us to defend our companies, workers and consumers, whenever our partners do not play by the rules.”

Today’s proposal to amend the existing Enforcement Regulation comes as a direct reaction to the blockage yesterday of the operations of the WTO Appellate Body. The current regulation – a basis under EU law for adopting trade countermeasures – requires that a dispute go all the way through the WTO procedures, including the appeal stage, before the Union can react. The lack of a functioning WTO Appellate Body allows WTO Members to avoid their obligations andescape a binding ruling by simply appealing a panel report.

The Commission’s proposal will enable the EU to react even if the WTO is not delivering a final ruling at the appellate level because the other WTO member blocks the dispute procedure by appealing into the void.

This new mechanism will also apply to the dispute settlement provisions included in regional or bilateral trade agreements to which the EU is party. The EU must be able to respond resolutely in case trade partners hinder effective dispute settlement resolution, for instance, by blocking the composition of panels.

In line with the Political Guidelines of President von der Leyen, the Commission is further reinforcing the Union’s tools to focus on compliance and enforcement of the EU’s trade agreements and created the post of Chief Trade Enforcement Officer that will be filled in early 2020.

Ensuring the respect of the commitments agreed with other trade partners is a key priority of the von der Leyen Commission. The EU is therefore increasing its focus on enforcing its partners’ commitments in multilateral, regional and bilateral trade agreements. In so doing the Union will rely on a suite of instruments. The proposal presented today will now be subject to validation by the European Parliament and the EU Member States in the Council in a normal legislative process.

the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

UN envoy says he ‘is ready to go to Idlib’ to help ensure civilian safety amid rising fears of government offensive

Reducing disaster risk is a good investment, and ‘the right thing to do’, says Guterres

How to build a fairer gig economy in 4 steps

Manufacturers Get Smarter for Industry 4.0

We need natural solutions to fight ocean and climate risk

Syria: A bloody tracer of Trump – Putin rapprochement

How technology is driving a fourth wave of environmentalism

E-cigarettes are killing us softly with their vapor

UN News 2018 Recap: In Case You Missed It

Turkey’s Erdogan provokes the US and the EU by serving jihadists and trading on refugees

Confronting antimicrobial resistance of animal origin

Darfur: Inter-communal tensions still high despite improved security, Mission head tells Security Council

Will GDPR block Blockchain?

FROM THE FIELD: Weather reports come to aid of Uganda’s farmers

Youth Forum welcomes European Commission proposal to speed up financing for youth employment

Biblioburro: The amazing donkey libraries of Colombia

European Commission steps up protection of European intellectual property in global markets

Climate change: ‘A moral, ethical and economic imperative’ to slow global warming say UN leaders, calling for more action

Wolves are back in Switzerland – but not everyone is happy about it

Estonia built one of the world’s most advanced digital societies. During COVID-19, that became a lifeline

Why a global recession isn’t inevitable

Workers want flexibility. After COVID, they just might get it: Poll

Canada has high levels of well-being and solid growth but trade tensions and housing market pose risks while inclusiveness could be improved

UN blue helmets in South Sudan use Sustainable Development Goals to help build peace

Syria: ‘Deplorable’ violence in Idlib against civilians, humanitarian workers must ‘stop immediately’: UN Coordinator

The EU pretends not knowing what happens in the Western Balkans

The EU Parliament unanimously rejects Commission’s ideas about ‘seeds’

To flourish in the Fourth Industrial Revolution, we need to rethink these 3 things

Cobalt mining is a global scandal. We must build an ethical battery

Parliament’s interparliamentary delegations established

Trade is not a weapon. Let’s not use it as one

Ninja innovation and the future of work

Guterres holds ‘focused and frank’ informal discussions over future of Cyprus

A new dawn for Europe: Joint op-ed by President von der Leyen, President Michel and President Sassoli

UN agency chiefs issue ‘call to action’ on behalf of refugee children

$683 million appeal to deliver reproductive health services, where they’re most needed

Banking Union: ECOFIN and Parliament ready to compromise

‘Provocative actions and inflammatory rhetoric’ destabilizing Middle East, warns top UN official

Eurozone’s central bank leadership prepares for shoddier prospects

Millions of people eat octopus- here’s why we shouldn’t

Citing public anger and youth activism, OECD Secretary-General urges governments to heed calls for climate action

These are the countries where most adults still don’t have a smartphone

Falling inflation urges ECB to introduce growth measures today

UN chief praises New Zealand premier’s ‘admirable’ response to Christchurch attacks

Spirit unlimited

Here’s how the US can get the best out of 5G

‘Good enough’ global cooperation is key to our survival

Which countries’ workers spend the longest (and shortest) in retirement?

Turkey to let EU alone struggle with the migrant crisis while enhancing its economic ties with Russia instead?

5 things to know about the exploding world of pro gaming

The 28 EU leaders unable to start a relevant debate on migration and Brexit

Amid continued suffering in Yemen, UN envoy welcomes reports of reduced violence

The EU approves a new package of budget assistance to the Republic of Moldova to support rule of law and rural development reforms

EU Summit: Why was Poland isolated in opposing Tusk and the ‘multi speed’ Europe

Cities will lead the electric transport revolution. Here’s why

State aid: Commission approves €53 million public support scheme for charging stations for low emission vehicles in Romania

We had the hottest June ever this year – this is what happened around the world

Eurozone very close to a sustainable growth path

UN condemns deadly attack one of its vehicles

Inequality triggered protests across Latin America. Here’s how the youth can help

More Stings?

Advertising

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s