Search Results for: trade

Trade marks: Commission decides to refer Romania to the Court of Justice for not transposing the Trade Mark Directive

This article is brought to you in association with the European Commission. Today, the Commission decided to refer Romania to the Court of Justice, with a request for financial sanctions, following the lack of notification of transposition measures of the Trade Mark Directive (Directive (EU) 2015/2436). Romania is the only Member State which has not yet […]

Trade Barriers Report: EU continues to open up markets outside Europe in midst of rising protectionism

This article is brought to you in association with the European Commission. Thanks to the European Union’s successful intervention, European companies generated €8 billion in additional exports in 2019. The high number of new restrictions that hinder EU exports shows however that protectionism has become deeply ingrained in global trade. These are some of the findings […]

European Commission kicks off major EU trade policy review

This article is brought to you in association with the European Commission. Today, the European Commission launched a major review of the European Union’s trade policy, including a public consultation seeking input from the European Parliament, Member States, stakeholders and civil society. The Commission’s objective is to build a consensus around a fresh medium-term direction for […]

Trade in digital services is booming. Here’s how we can unleash its full potential

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Sherry Stephenson, Senior Fellow; Member, Services Network, Pacific Economic Cooperation Council (PECC) & Jimena Sotelo, Project Lead, Digital Trade, World Economic Forum Cross-border trade in digital services such as videoconferencing, entertainment and professional services has grown hugely in […]

4 key steps to support cross-border payments and digital trade growth

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Mike Gallaher, Fellow, Digital Trade, World Economic Forum & Nigel Corey, Associate Director, Trade Policy, Information Technology and Innovation Foundation Addressing challenges to cross border payments is critical to preserving the future growth of the digital economy. Modernized […]

EP negotiators: recovery plan crucial, but do not trade long-term for short-term

This article is brought to you in association with the European Parliament. It is high time to start negotiations on the MFF with the Council without delay, said the EP’s negotiating team for the long-term EU budget and Own Resources reform. The six members of the MFF/OR negotiating team commented on the Commission’s proposals for a […]

How interoperability establishes blockchain’s utility and effectiveness for trade finance

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Rebecca Liao, Co-Founder and Executive Vice-President, SKUChain The coronavirus crisis has shown the need for blockchains to share and access information across networks. Making interoperability a first-class citizen of blockchains going forward will be key to maximizing efficiencies. […]

Trade defence report: restoring the level playing field for European producers

This article is brought to you in association with the European Commission. EU trade defence measures are effective in reducing unfair international trading practices, according to an annual report published today by the European Commission. The anti-dumping or anti-subsidy duties imposed by the Commission lead on average to an 80% decrease in unfair imports, leaving other […]

EU and 15 World Trade Organization members establish contingency appeal arrangement for trade disputes

This article is brought to you in association with the European Commission. The EU and 15 other members of the WTO today decided on an arrangement that will allow them to bring appeals and solve trade disputes among them despite the current paralysis of the WTO Appellate Body. Given its strong and unwavering support for a […]

Coronavirus update: COVID-19 likely to cost economy $1 trillion during 2020, says UN trade agency

This article is brought to you in association with the United Nations. Apart from the tragic human consequences of the COVID-19 coronavirus epidemic, the economic uncertainty it has sparked will likely cost the global economy $1 trillion in 2020, the UN’s trade and development agency, UNCTAD, said on Monday. “We envisage a slowdown in the global […]

UN Convention that promotes mediation to resolve trade disputes moves closer to entry into force

This article is brought to you in association with the United Nations. Singapore and Fiji have become the first countries to ratify a UN treaty that promotes mediation as an alternative and effective method for resolving trade disputes, thus marking an important step towards its entry into force. During a ceremony at UN Headquarters on Tuesday, Singapore Senior Minister of State […]

5 ways the digitisation of the global logistics industry can increase trade – and reduce poverty

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Henrik Hvid Jensen, Senior Blockchain Advisor, Trustworks Expanding global trade is essential to reducing poverty. Responsible, accelerated and affordable digitisation can facilitate global trade and sustainably reduce poverty. Five Logistic Internets can increase efficiencies and reduce costs for […]

Stop illegal trade in cats and dogs, says European Parliament

This article is brought to you in association with the European Parliament. To protect animal welfare, pet owners and public health, MEPs call for an EU Action Plan to end illegal trade in companion animals. With 607 votes for, 3 votes against and 19 abstentions, MEPs on Wednesday adopted a non-binding resolution demanding action against illegal […]

Trade/Human Rights: Commission decides to partially withdraw Cambodia’s preferential access to the EU market

This article is brought to you in association with the European Commission. The European Commission has decided to withdraw part of the tariff preferences granted to Cambodia under the European Union’s Everything But Arms’ (EBA) trade scheme due to the serious and systematic violations of the human rights principles enshrined in the International Covenant on Civil […]

Why exporters need to mind the trade finance gap

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Marc Auboin, Counsellor, Economic Research, World Trade Organization (WTO) & Violeta Gonzalez, Head, Partnerships, Outreach and Resource Mobilization, Enhanced Integrated Framework Executive Secretariat, World Trade Organization Trade finance is one of the top three export obstacles for half […]

Trade preferences boost developing countries’ exports to the European Union

This article is brought to you in association with the European Commission. Exports to the European Union from developing countries using special tariff preferences under the EU’s Generalised Scheme of Preferences (GSP) reached a new high of €69 billion in 2018. According to the European Commission’s report published every two years on the GSP, released today, […]

Trade: First year of the EU-Japan Economic Partnership Agreement shows growth in EU exports

This article is brought to you in association with the European Commission. 1 February 2020 marks the first anniversary of the entry into force of the EU-Japan Economic Partnership Agreement (EPA). In the first ten months following the implementation of the agreement, EU exports to Japan went up by 6.6% compared to the same period the […]

Trade: EU and 16 WTO members agree to work together on an interim appeal arbitration arrangement

This article is brought to you in association with the European Commission. Today, in Davos Switzerland, the EU and Ministers from 16 Members of the World Trade Organization (WTO) have agreed to develop a multi-party interim appeal arrangement that will allow the participating WTO members to preserve a functioning and two-step dispute settlement system at the WTO […]

Stop illegal trade in cats and dogs, say MEPs

This article is brought to you in association with the European Parliament. Better enforcement and tougher sanctions  Mandatory EU system of identification of cats and dogs  Pet trafficking has negative impact on health, animal welfare and consumer protection   To protect animal welfare, consumers and public health, the Environment and Public Health Committee called for EU […]

EU-Vietnam free trade deal gets green light in trade committee

This article is brought to you in association with the European Parliament. The Committee on International Trade backed the free trade and investment protection agreements between the EU and Vietnam on Tuesday. The committee gave its consent to the free trade agreement by 29 votes, six votes against and five abstentions and recommends that EP Plenary […]

We need better alignment between climate and trade. Here’s a roadmap

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Carolyn Deere Birkbeck, Senior Researcher, The Graduate Institute, Geneva; Senior Research Associate, Global Economic Governance Programme, University of Oxford & John W.H. Denton, Secretary-General, International Chamber of Commerce (ICC) Trade and climate policy-makers have worked in separate silos […]

European Citizens’ Initiative: Commission registers ‘Stop Finning – Stop the trade’ initiative

This article is brought to you in association with the European Commission. Today, the European Commission decided to register a European Citizens’ Initiative entitled ‘Stop Finning – Stop the Trade’ related to sharks and rays. The aim of the Initiative is to ‘end the trade of fins in the EU including the import, export and transit […]

EuroLat: serious concern about migration and support to multilateral trade

This article is brought to you in association with the European Commission. The worsening migration situation in Latin America and Europe worries parliamentarians in both regions, who also warn against increasing trade protectionism. In a joint declaration on the occasion of the twelfth plenary session of the Euro-Latin American Parliamentary Assembly (EuroLat), the two co-presidents of […]

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

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 […]

Blockchain is becoming key for global trade – but is that a gift for hackers?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Adrien Ogée, Project Lead, Cyber Resilience, World Economic Forum & Soichi Furuya, Senior Researcher, Hitachi (and World Economic Forum Fellow) Blockchain is a system of recording transactions that could replace ‘trust intermediaries’ including banks Businesses are starting to […]

EuroLat plenary in Panama: control of trade talks and fight against crime

This article is brought to you in association with the European Commission. The scrutiny role of parliaments in trade talks and EU-Latin American cooperation against organised crime will be debated this week in Panama. The 150 members of the Euro-Latin American Parliamentary Assembly (EuroLat), 75 MEPs and 75 representatives of the Latin American and Caribbean parliaments, […]

Trade in counterfeit goods costs UK economy billions of euros

This article is brought to you in association with OECD. The global trade in fake goods, from cosmetics to car parts, is costing the UK economy billions of dollars a year in forgone company sales, overpriced products and tax revenues, and was behind more than 86,000 lost jobs in 2016, according to a new OECD report. […]

International trade statistics: trends in third quarter 2019

This article is brought to you in association with OECD. G20 international merchandise trade (in current US dollars, seasonally adjusted) continued its downward trend in the third quarter of 2019, approaching two-year lows. Compared with the second quarter of 2019, exports contracted by 0.7% and imports by 0.9%, partly reflecting a nearly 20% fall in oil […]

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 […]