EU-Republic of Korea trade grows twice as fast under trade agreement

This article is brought to you in association with the European Commission. The ten-year anniversary of the EU-Republic of Korea Trade Agreement comes with an impressive growth in bilateral trade of more than 50%, reaching over €110 billion. Trade in goods grew by 46% from 2010 to 2020, almost twice as fast as EU trade with […]

VAT: New e-commerce rules in the EU will simplify life for traders and introduce more transparency for consumers

This article is brought to you in association with the European Commission. New Value-Added Tax (VAT) rules for online shopping enter into force later this week as part of efforts to ensure a more level playing field for all businesses, to simplify cross-border e-commerce and to introduce greater transparency for EU shoppers when it comes to […]

EU proposes a strong multilateral trade response to the COVID-19 pandemic

This article is brought to you in association with the European Commission. Today, the EU has submitted its proposal seeking the commitment of World Trade Organization (WTO) members for a multilateral trade action plan to expand the production of COVID-19 vaccines and treatments, and ensure universal and fair access. With this proposal to the WTO, divided […]

Global trade after COVID-19: From fixed capital to human capital

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Alexis Crow, Global Head, Geopolitical Investing, PwC & Samir Saran, President, Observer Research Foundation (ORF) The current trade environment is in a state of flux – but globalization is proving to endure, despite the rising protectionism of the […]

How global trade can save lives and livelihoods – and help protect the planet

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kate Whiting, Senior Writer, Formative Content New Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, joined the World Economic Forum Agenda Dialogues to discuss global trade. Dr Okonjo-Iweala said vaccine policy was crucial to helping the economic recovery […]

WTO deal is within reach to remove harmful fishing subsidies and halt global fish meltdown

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Gemma Parkes, Communications Lead, Ocean Action Agenda, World Economic Forum Every year, governments around the world pump $22 billion of public money into efforts that encourage overfishing. SDG 14 has explicit target to eliminate such harmful fisheries subsidies […]

4 ways to improve trade rules and support climate action

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Jeroen Ouwehand, Global Senior Partner, Clifford Chance& Matthew Layton, Global Managing Partner, Clifford Chance Climate change goals require urgent global action – drawing on the brightest minds and the latest clean technology. To support this, governments must introduce […]

Strong EU trade enforcement rules enter into force

This article is brought to you in association with the European Commission. Robust new trade enforcement rules have entered into force that will further strengthen the EU’s toolbox in defending its interests. With the update of the EU’s Trade Enforcement Regulation, the EU is able to act in a broader range of circumstances. The new rules […]

Panel of experts confirms Korea is in breach of labour commitments under our trade agreement

This article is brought to you in association with the European Commission. The panel report published today confirms the EU’s concerns that Korea has not acted consistently with its trade and sustainable development obligations under the EU-Korea trade agreement. The independent panel concluded that Korea needs to adjust its labour laws and practices and to continue […]

12 trade tasks to prioritize in 2021

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Sean Doherty, Head, International Trade and Investment, World Economic Forum & Kimberley Botwright, Community Lead, Global Trade and Investment SI, World Economic Forum The new director-general at the WTO will have a raft of challenges on their desk […]

Should trade continue to be global after the pandemic?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Simon Cooper, Chief Executive, Corporate, Commercial and Institutional Banking, Standard Chartered Bank The advantages China offers will not become available closer to home and the costs of reshoring are high and often prohibitive. Opportunities for global trade will […]

5 ways the WTO can make investment easier and boost sustainable development

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Matthew Stephenson, Policy and Community Lead, International Trade and Investment, World Economic Forum The WTO is negotiating an international framework to facilitate investment for development. This effort was announced at the World Economic Forum in Davos in January. […]

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 […]

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 […]

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, […]

Negotiations on Investment Facilitation at the WTO gain support at Davos

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Ministers at Davos announced negotiations between 99 economies on a new international framework on investment facilitation for development at the World Trade Organization (WTO), with the strong support of business and other key stakeholders. The framework is aimed at […]

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 […]

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 […]

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 launches WTO challenge against Indonesian restrictions on raw materials

This article is brought to you in association with the European Commission. Today, the EU has brought a dispute in the World Trade Organization (WTO) against Indonesian export restrictions for raw materials used in production of stainless steel. These restrictions unfairly limit access of EU producers to raw materials for steel production, notably nickel as well […]

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 […]

These are the United States’ most exported products

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Douglas Broom, Senior Writer, Formative Content Silicon Valley may be the tech capital of the world but physical goods still account for around two-thirds of US exports, new figures show. Machinery and electrical equipment brought in $363 billion – […]

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 […]

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, […]

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 […]

Trump after marginalizing G20 attacks Europe and China where it hurts, brandishes currency war

Last week’s G20 meeting in Osaka confirmed that the forum’s commonly shared concern about our future on the planet is definitively a thing of the past. Last week, the cacophony at the table of the 20 heads of the largest countries of the world – which first appeared last December in Buenos Aires – became […]

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 […]