Canada needs to increase foreign aid flows in line with its renewed engagement

This article is brought to you in association with OECD. Canada has shown a renewed engagement in global development in the last few years. This now needs to translate into concrete action to increase aid flows and ensure that development co-operation is effective and coherent, according to a new OECD Review. The latest DAC Peer Review […]

Trump rejects Europe’s offer for zero car tariffs; he had personally tabled that idea in July

The US-Mexico trade agreement, with or without Canada on board, targets Europe aggressively. For one thing, it will make life difficult for the German car companies which produce in Mexican assembly lines and sell in the US. Last Thursday, the European Sting reported the hidden sides of the US-Mexico trade deal in an article entitled, […]

The US-Mexico trade deal a threat for others, Trump to single out China, Europe

The North American Free Trade Agreement (NAFTA) between US, Mexico and Canada is reborn. It was discarded and denounced by the American President Donald Trump since the first days of his campaign to conquer the White House, and now it returns almost undamaged, just under another name. Last Monday, after more than one year of […]

The EU sides with China against the US; but has Germany capitulated to America?

If billions of EU penalties on American icon companies and U.S. super tariffs on European cars are strong and aggressive trade weapons, then yes the EU and the U.S. are at all out economic war. As in all wars, the difficult or even impossible thing is to predict its end. Unavoidably, there will be victims […]

Germany takes cover from Trump in Eurozone and decides to pay for it

Nobody in Germany doubts it any more that Donald Trump’s America is not a friendly country and market any more, or a guarantor of European security, as was the case for the last 70 years after WWII. To ward off any confusion about that, the German ambassador to the US made a clear statement. Peter […]

G7 summit: Trump Vs. G6 leaders on trade and climate change

US President Donald Trump continued yesterday his fierceful critic to Canadian Prime Minister Justin Trudeau in the aftermath of last weekend’s G7 summit which took place in La Malbaie, Quebec, Canada with the seven largest advanced economies in the world to discuss about gender equality, women’s empowerment, clean energy, and economic growth that works for […]

Britain aligns with EU rivaling US on trade and Iran, abandons bilateral ‘Midsummer Night’s Dream’

Last Sunday 29 April, Britain determinedly joined the other two major European Union powers, Germany and France in cautioning the US not to activate its super levies of 25% and 10% on imports of steel and aluminum respectively. Donald Trump, the president of ‘America first’, on 23 March had announced the imposition of the above […]

Business uncertainty rises as US grants only temporary exception to EU for steel and aluminium tariffs

Trump’s America first decided last Monday to prolong negotiations on steel and aluminium tariffs with Canada, the EU and Mexico till June 1. This announcement was made just a few hours before the temporary exception expires preventing retaliation and massive impact on the relationship between the U.S., EU, Canada and Mexico. However, the EU officials expressed […]

Is Britain to sail alone in the high seas of trade wars?

If Britain is counting on the US for a favorable bilateral trade agreement after Brexit, Donald Trump the President of ‘America first,’ rushed last Thursday to destroy that Brit dream; he announced 25% extra tariffs on steel and 10% on aluminum imports, prompting anger and retaliatory measures from America’s closest political allies, Canada and the […]

Permanent structured cooperation (PESCO) on the table of NATO Defense Ministers amid US concerns

NATO Defense Ministers are gathered today in Brussels to discuss the modernization of the NATO Command Structure, NATO-EU cooperation, NATO’s defense posture and its role in providing stability and fighting terrorism. NATO Secretary General Jens Stoltenberg held a press conference yesterday as a forerunner of the meeting mentioning the issues to be adressed. However, NATO-EU […]

Brexit: The Conservative Party drives the UK and Europe to a perilous road

The Tories, the governing party of Britain is falling apart, being deeply divided about the kind of Brexit their country should pursue. It’s not the disastrous political circumstances of Prime Minister Theresa May that blocks the negotiations with the European Union, but the chaos dividing the hard Brexiteers from their colleagues preferring a smooth partition […]

State of the Union 2017: Juncker’s optimism about EU growth and Brexit’s impact

It was last Wednesday when the president of the European Commission made his annual State speech address to the European Parliament pointing out the top priorities for the next year. Jean-Claude Juncker expressed his optimism for the boosting of the EU economy, trade, investment, cybersecurity, industry and democracy. The president of the EC respected the […]

Brexit: Britain and the Continent fighting the battle of Waterloo again

The British Prime Minister Theresa May is amidst an agonizing effort to put together a decent package of trade deals or at least initial and relevant MOUs for the after Brexit era. The obvious reason for that is to convince the Brits and the Parliament that her country will survive after March 2019, in case […]

Trump badly cornered at home by agribusiness and steel consumer lobbies: Trade

Donald Trump, the real estate mogul and TV reality show star, as President, discovered the hard way that international trade is a much more complicated issue than he could have ever imagined. His poor cognitive abilities and his rampant nature didn’t allow him to realize that international trade is a much more complex issue, than […]

Trump ‘used’ G20 to side with Putin and split climate and trade packs

While protesters were dynamically trying to reach the part of Hamburg where the G20 leaders of the largest economies of the world were gathered, the most powerful politicians of the globe were reduced to the status of viewers, in the Donald Trump and Vladimir Putin spectacle of rapprochement. Trump also ‘used’ the G20 to tell […]

Europe to turn the Hamburg G20 Summit into a battlefield

This week’s G20 Summit in Hamburg, Germany is expected to become a battlefield from the very first gathering. Chancellor Angela Merkel is to attack the US President Donald Trump, about his rejection of the Paris Climate Agreement. The American will reply with a demand for ‘free and fair trade’ as he ventures it, especially for […]

Trump enrages the Europeans and isolates the US in G7

Last Thursday, Donald Trump, at a superb hall in the new glass and steel NATO building in Brussels, delivered an unruly speech, after having pushed aside Prime Minister Dusko Markovic of Montenegro (the related video has become viral) while walking towards the rostrum. He came out with a blatant and derogatory account aimed at 23 […]

Will CETA be implemented after eight long years or it will be vetoed by the EU citizen?

It was last Sunday when the EU and Canada signed the free trade agreement CETA (Comprehensive Economic and Trade Agreement), despite the protest taking place just outside the European Council’s building. This deal is meant to create more jobs and growth through stronger economic relations. However, the approval of the national parliaments in Europe and […]

Who can compel Wallonia to unlock CETA, the EU-Canada free trade pack?

No, it wasn’t just the tiny Wallonia region of Belgium and its 3.6 million French speaking inhabitants who blocked CETA (Comprehensive Economic and Trade Agreement). This is an EU-Canada free trade and investment pact that took eight years to the Brussels Commission and the Canadian authorities to draft. It was also the Brexit and the […]

Are the G20 leaders ready to curb corporate tax-avoidance?

Last Monday, the G20 meeting in Hangzhou – the capital of China’s eastern Zhejiang province – the first gathering of the 20 world leaders to be held in the vast country, was not marked by the determination to face up to economic misery and the pitiless wars in Syria, Libya, South Soudan, Yemen, Mali and […]

EU free-trade agreements with Canada and US: imagine the fallout if put to national referendums

When it comes to ‘selling’ its proposals to EU member states’ government and peoples, the European Commission turns the calendar some centuries back and starts painting saintly icons. The more inportant the proposal it is, the more boldly the Commission hides the real ‘catch 22s’ from citizens, under the bright colors of imaginary gains for […]

Refugee crisis update: EU seeks now close cooperation with Africa while Schulz is shocked to witness live one single wreck full of immigrants

Last Monday’s Extraordinary Justice and Home Affairs Council was meant to give just an update on the ongoing refugee crisis, a few days before the summit between EU and African leaders which in Valletta, Malta today and tomorrow. The Interior Ministers convened thus to discuss about the progress shown so far since the Western Balkans’ route summit […]

Can one FTA and 110 lobby meetings make the dirty oil clean in Europe?

So it happens again. The EU is compromising its own policies to endorse trade and business. What’s wrong with that? Just an equivalent environmental damage of 6 million cars in the European roads by 2020. It was only yesterday morning that the European Commission issued a controversial proposal that undermines its own 2020 targets to […]

Foreign direct investments the success secrete of Eurozone

Foreign Direct Investments (FDI) are long-term placements in real economy business, not right away tradable, realized by investors residing outside the country. They should be sharply distinguished from the highly volatile financial investments on stocks and bonds, which can depart from the country at any moment. The crisis years in the period 2009-2012 don’t seem […]

EU signs with Canada historic trade agreement, others to follow

The announcement of the conclusion of the EU-Canada free trade agreement yesterday not only opens a new chapter in the history of EU-Canada relations, but the solutions agreed in sensitive chapters, like agriculture and animal products and public procurement will serve as a base for the under negotiation similar pact with the US. The Prime […]

Does the EU want GMOs and meat with hormones from the US?

The prospective drafting of a bilateral Free Trade Agreement (FTA) between the European Union and the United States is developing into a major issue and as things evolved last week, it seems that this may lead the EU into a new division, between France on the one side and the free trade lovers Britain and […]