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

More funds needed to counter ‘persistent and multi-faceted humanitarian problems’ in Ethiopia

Commission publishes guidance on coronavirus-related humanitarian aid to Syria despite sanctions

Teamgum @ TheNextWeb 2014

A letter from Italy: Our insecurity in COVID-19 times

Companies that put employees first perform better

Vile act of torture prohibited ‘under all circumstances’, UN chief affirms on International Day to support victims

The power of partnership: joining forces to fight financial crime

Speak up for health care workers’ safety

Intervene, don’t overthink – the new mantra of systems design

8000 young people in the EP in Strasbourg: “a breath of fresh air for EU democracy”

This is what happened to CO2 emissions in the EU last year

From Israel’s ‘start-up nation’, 4 lessons in innovation

3.7 million lives could be saved by 2025 if health services ramp up nutrition actions: WHO

You can live up to 10 years longer by doing these 5 things

Statement by OECD Secretary-General Angel Gurría on the outcome of COP 25

Italian Prime Minister Giuseppe Conte: “Europe must listen to the people”

Integration of migrants: Commission launches a public consultation and call for an expert group on the views of migrants

European Youth Forum welcomes strong stance on human rights in State of the Union

Why rich countries are seeing more poverty

Quality of air in Bucharest-Romania: is it fog or is it smog?

Commission reaches agreement with collaborative economy platforms to publish key data on tourism accommodation

This is how we can feed the planet while saving the ocean

Genocide threat for Myanmar’s Rohingya greater than ever, investigators warn Human Rights Council

Mental health and suicide prevention

World Migratory Bird Day highlights deadly risks of plastic pollution

UN chief expresses solidarity with Indonesian authorities after flash floods kill dozens in Papua

‘Path to peace’ on Korean Peninsula only possible through diplomacy and full denuclearization: US tells Security Council

9 climate tipping points pushing Earth to the point of no return

EU Ombudsman investigates the European Commission

Humanitarian aid: €7 million for disaster preparedness in Southern Africa and Indian Ocean region

MEPs approve €585 million to support refugees from Syria

How can we make entrepreneurship serve the greater good?

Can the world take the risk of a new financial armageddon so that IMF doesn’t lose face towards Tsipras?

We need to build a quantum security coalition. Here’s why

A Sting Exclusive: “The challenge of Society’s digital transformation”, Spanish Minister of Spain for Industry, Energy and Tourism José Manuel Soria live from European Business Summit 2015

China’s lead in the global solar race – at a glance

How COVID-19 can be the Great Reset toward global sustainability

UN food agency begins ‘last resort’ partial withdrawal of aid to opposition-held Yemeni capital

The World Bank’s 2020 country classifications explained

Venezuela: Competing US, Russia resolutions fail to pass in Security Council

On Kristallnacht anniversary, UN chief urges renewed fight against ‘crime’ of anti-Semitism

The EU has to prove it can remain one piece

Politics needs to “Youth UP” in order the ensure the future of our democracies

5 reasons to protect mangrove forests for the future

States with power and influence to end suffering of Yemenis must take action ‘immediately’ – UN rights chief

COVID-19: Both WHO and Europe must learn from the current pandemic, say MEPs

Italy’s revised budget remains roughly unchanged waiting for Europe’s fury

Tropical Cyclone Idai affects 1.5 million across Mozambique and Malawi, as UN ramps up response

Germany rules the banking industry of Eurozone

Google strongly rejects EU antitrust charges and now gets ready for the worst to come

Labels for tyres: deal for greener and safer road transport

Why people with disabilities are your company’s untapped resource

The Fourth Industrial Revolution must not leave farming behind

Agreement on linking the emissions trading systems of the EU and Switzerland

Political solution ‘long overdue’ to protect the children of eastern Ukraine

Europe plans to send satellites into space to monitor CO2 emissions

UN General Assembly President upholds value of multilateralism in speech closing annual debate

‘Air bridge’ vaccination operation begins for Ebola-hit communities in DR Congo

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