Search Results for: trade

EU-Singapore trade agreement enters into force

This article is brought to you in association with the European Commission. Upon the entry into force today of the EU-Singapore trade agreement, Commissioner for Trade Cecilia Malmström said: “The EU-Singapore trade agreement – effective as of today – will boost trade, benefitting companies, farmers, workers and consumers on both sides. It will also become a […]

Economic Outlook: Weak trade and investment threaten long-term growth

This article is brought to you in association with OECD. Trade conflict, weak business investment and persistent political uncertainty are weighing on the world economy and raising the risk of long-term stagnation, according to the OECD’s latest Economic Outlook. World GDP growth is expected to be 2.9% this year – its lowest annual rate since the […]

Eurobarometer survey: Majority of EU citizens positive about international trade

This article is brought to you in association with the European Commission. The results of a special Eurobarometer survey published today by the European Commission show that 60% of Europeans feel that they personally benefit from international trade, 16 percentage points more than 10 years ago at the time of the previous poll. The survey also […]

European Union launches WTO trade dispute against Colombia’s unfair duties on frozen fries

This article is brought to you in association with the European Commission. The EU has today brought a dispute to the World Trade Organization (WTO) against unlawful anti-dumping measures imposed by Colombia on frozen fries from Belgium, Germany and the Netherlands. Commissioner for Trade Cecilia Malmström said: “Despite numerous interventions with Colombia to lift the unjustified measures, we have […]

Trade: EU-Singapore agreement to enter into force on 21 November 2019

This article is brought to you in association with the European Commission. EU Member States today endorsed the trade agreement between the EU and Singapore. This means the agreement will enter into force as soon as 21 November. President of the European Commission Jean-Claude Juncker said: “This is the European Union’s first bilateral trade agreement with […]

US-China trade war is a ‘lose-lose’ situation for them and the world, warn UN economists

This article is brought to you in association with the United Nations. The trade tariff spat between China and the United States has been a “lose-lose” situation for both countries and the wider world and it is likely to deteriorate unless a deal is reached, UN economists said on Tuesday. According to data from the first […]

Why trade wars have no winners

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Anahita Thoms, Partner, International Trade Practice, Baker McKenzie, Germany Public support for free trade is shrinking and the long-standing political consensus that trade liberalization is beneficial is under attack. The US in particular has recently shifted towards protectionism by […]

EU trade agreements: delivering new opportunities in time of global economic uncertainties

This article is brought to you in association with the European Commission. Despite the difficult global economic climate, European companies have continued to make good use of the opportunities created by the European Union’s trade network – the largest in the world. In 2018 this network covered 31% of Europe’s trade exchanges, a figure that is […]

This is why retail is such a sore point in India-US trade relations

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Katharine Rooney, Senior Writer, Formative Content The relationship between India and the United States has been described as one of the most important of the 21st century. India is predicted to be the world’s second-largest economy by 2030, with […]

This is why retail is such a sore point in India-US trade relations

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Katharine Rooney, Senior Writer, Formative Content The relationship between India and the United States has been described as one of the most important of the 21st century. India is predicted to be the world’s second-largest economy by 2030, with […]

EU-US trade war: Will Trump take advantage of WTO’s decision leading to ominous economic growth?

The World Trade Organisation (WTO) is going to back up the US to impose tariffs on EU products over the Airbus case where the aerospace firm received illegal subsidies by EU governments. Thus, the US President Donald Trump will have the upper hand and either impose billions of tariffs or bargain a better trade deal […]

Services are the hidden side of the US-China trade war

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Tatiana Lacerda Prazeres, Senior Fellow , University of International Business and Economics in Beijing Discussions about the trade war between the United States and China have largely focused on goods. This is not surprising, given that tariffs have been […]

OECD sees rising trade tensions and policy uncertainty further weakening global growth

This article is brought to you in association with OECD. The global economy has become increasingly fragile and uncertain, with growth slowing and downside risks continuing to mount, according to the OECD’s latest Interim Economic Outlook. Economic prospects are weakening for both advanced and emerging economies, and global growth could get stuck at persistently low levels […]

Climate crisis could see ‘collapse’ of some economies without diversification, warns UN trade chief

This article is brought to you in association with the United Nations. Climate change poses an “existential threat to commodity-dependent developing countries”, the United Nation’s trade chief said on Wednesday, pointing to a newly released report highlighting the need to diversify economies and exports. The UN Conference on Trade and Development (UNCTAD)’s Commodities and Development Report 2019, maintains […]

Africa is launching the world’s largest free trade area – but these are the stumbling blocks

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kim Cloete, Official Writer, World Economic Forum on Africa The African Union has launched the operational phase of the Africa Continental Free Trade Area (AfCFTA), which will be the world’s largest free trade area by number of countries once […]

EU leading in global agri-food trade

This article is brought to you in association with the European Commission. In a report published today, the EU confirms for yet another year its position as largest global exporter of agri-food products, with EU exports reaching €138 billion in 2018. Agriculture products represent a solid share of 7% of the value of EU total goods […]

Algorithms could give the world its first ‘born digital’ free trade agreement in Africa

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Craig Atkinson, Research Fellow, World Trade Institute The African Continental Free Trade Area (AfCFTA) agreement, presently signed by 52 African Union (AU) member states, is remarkable in its geographic coverage and ambition to create a single market for […]

Here’s how we reboot digital trade for the 21st century

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Vinay Mendonca, Managing Director; Global Head, Product and Structuring, Trade and Receivables Finance (GTRF), HSBC When it comes to the headlines on global trade, the talk is all about geopolitics and tariff, but away from all that noise, […]

The India–U.S. trade dispute and India’s evolving geopolitical role

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Samir Saran, President, Observer Research Foundation (ORF) While the strategic partnership between the United States and India remains robust, some analysts see the relationship as becoming significantly strained if current trade disagreements are not managed properly. To examine […]

EU-U.S. trade talks – one year on, Commission presents progress report

This article is brought to you in association with the European Commission. Today marks the first anniversary of the Joint Statement by President Juncker and President Trump, which launched the new phase in the relationship between the United States and the European Union. As a first step, the Presidents set up an Executive Working Group, co-chaired […]

Illicit trade endangers the environment, the law and the SDGs. We need a global response

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Pamela Coke-Hamilton, Director, Division on International Trade and Commodities, United Nations Conference on Trade and Development (UNCTAD) & Jeffrey HardyDirector-General, Transnational Alliance to Combat Illicit Trade A dark side to globalization has been the alarming emergence of illicit trade, […]

EU-U.S. trade talks: milestone reached in mutual recognition on pharmaceuticals

This article is brought to you in association with the European Commission. Today, the European Union and the United States delivered on a significant element of the Joint Statement agreed by Presidents Juncker and Trump in July 2018. The positive transatlantic trade agenda established in the Joint Statement includes a commitment from both sides to reduce […]

5 ways to boost sustainable trade in the world’s poorest countries

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Violeta Gonzalez, Head, Partnerships, Outreach and Resource Mobilization, Enhanced Integrated Framework Executive Secretariat, World Trade Organization & Fabrice Lehmann, Guest Editor, Trade for Development News , Enhanced Integrated Framework The World Trade Organization’s (WTO) Aid for Trade initiative is […]

Fairness should be at the heart of the agricultural goods trade

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Margarita Louis-Dreyfus, Chairperson of the Supervisory Board, Louis Dreyfus CompanyCamilla Colombo, Space researcher, Politecnico di Milano It is a paradox that the world’s biggest agricultural commodities companies rely on some of the sector’s smallest farmers, growing everything from […]

Aid used for trade is helping developing countries diversify

This article is brought to you in association with OECD. Using development aid to build trade capacity in poor countries is helping to improve economic diversification and to economically empower marginalised groups, yet progress remains geographically uneven, according to the latest OECD-WTO report on Aid for Trade. Aid for Trade at a Glance 2019: Economic Diversification […]

How to make trade single windows more efficient with blockchain

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Alejandra Radl, Integration and Trade Specialist, Inter-American Development Bank, Fellow, Digital Trade, World Economic Forum & Jesse Lin, Project Specialist, Digital Trade, World Economic Forum International trade is of critical importance for economic and social development worldwide. A major […]

EU and Mercosur reach agreement on trade

This article is brought to you in association with the European Commission. The European Union and Mercosur reached today a political agreement for an ambitious, balanced and comprehensive trade agreement. The new trade framework – part of a wider Association Agreement between the two regions – will consolidate a strategic political and economic partnership and create […]

This is how much the US-China trade war could cost the world, according to new research

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Charlotte Edmond, Formative Content The US-China trade war does not appear to be edging closer to a resolution. Both sides have failed to find a compromise so far, while rising tariffs have been jolting financial markets. And as the […]

3 unexpected consequences of the US-China trade war

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Emma Charlton, Senior Writer, Formative Content Almost 10,000 kilometres separate the winemakers in California’s Napa Valley and consumers in Beijing. Even so, they’re both affected by the trade war between the two largest economies in the world. The stand-off […]

EU-Vietnam: Council adopts decisions to sign trade and investment agreements

This article is brought to you in association with the European Commission. On 25 June, the Council adopted decisions on the signature of two agreements between the EU and Vietnam: a free trade agreement (FTA) and an investment protection agreement (IPA). Text of the EU-Vietnam Free Trade Agreement Text of EU- Vietnam Investment Protection Agreement Both […]

Security Council urges ‘maximum restraint’ around Gulf region as Iran and United States trade diplomatic blows in New York

This article is brought to you in association with the United Nations. There is a need for “genuine regional dialogue” to address rising tensions in the Gulf, Iran’s Ambassador to the United Nations said on Monday, calling on Secretary-General António Guterres “to play a role” in bringing countries to the table. Ambassador Majid Takht Ravanchi, was […]

Barriers to trade: as protectionism rises, EU continues opening up export markets for European firms

This article is brought to you in association with the European Commission. The European Commission’s report released today confirms the continuous rise in barriers encountered by European companies in foreign markets. Thanks to the EU’s firm response, 123 such barriers have been eliminated since the beginning of the current Commission mandate, allowing for more than €6 […]

Who is to pay for Trump’s trade war against China?

The US President Donald Trump and the big American tech companies have raised the stakes this week in the ongoing Pacific war. Japanese and South Korean tech giants have also joined the Americans in black listing Huawei and other Chinese companies in an all out war against China. As expected, Japan supports the US policy […]