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This article is brought to you in association with the European Commission. The EU welcomes the successful results in key areas of the 12th Ministerial Conference of the WTO concluded today, against a backdrop of heightened global trade tensions and a food security crisis caused by Russian’s unprovoked invasion of Ukraine. Trade Ministers of the 164-member […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Michael C. Bodson, President and Chief Executive Officer, Depository Trust & Clearing (DTCC) Digitalization offers post-trade market infrastructures an opportunity to help define a new market structure. Accelerating trade settlement to trade day plus one is one current […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Jacques Vandermeiren, CEO, Port of Antwerp To create fundamental societal change to mitigate the climate crisis, we need cross-sector collaboration and collective commitment. But lack of trust in modern society is increasingly hindering this type of approach. The […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Philippe Isler, Director, Global Alliance for Trade Facilitation; ExCom Member, World Economic Forum The pandemic has exposed vulnerabilities in the global supply chain. Developing economies have been hardest hit by this disruption. Public-private efforts can help deliver trade […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Mari Elka Pangestu, Managing Director, Development Policy and Partnerships, World Bank Group Cross-border trade and better integrated economies will play a key role in the global fight against climate change. Developing economies need access to supply networks for […]
This article is brought to you in association with the European Commission. The European Commission is today presenting key findings related to defending EU interests when it comes to export controls and foreign investments in the EU. The Commission screened 400 foreign investments since the new Foreign Direct Investment (FDI) screening legislation entered into force. While […]
This article is brought to you in association with the European Commission. Today, the Commission has adopted the legislative proposal for the new EU’s Generalised Scheme of Preferences (GSP) for the period 2024-2034. The Commission is proposing to improve some of the key features of the scheme to better respond to the evolving needs and challenges […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ryan Petersen, Founder, CEO, Flexport Outdated logistics systems are unable to keep up with increased demand for goods in the pandemic recovery. Both trade’s physical infrastructure and software systems are lagging behind. Digital technology can increase freight efficiency […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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