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The European Community was founded on the belief that economic integration leads to peace and economic prosperity. Trade is therefore a fundamental part of the identity of the European Union (EU) today. Given the success of the internal market in fostering the longest period of European peace in modern history, the EU considers itself an example of the benefits of trade, globalisation and economic openness. International trade policy is an exclusive competence of the EU, and with the combined economic ...

Since its establishment in 1995, the World Trade Organization (WTO) has embodied the multilateral trading system. Despite successes in some areas, including the effective settlement of numerous trade disputes and the conclusion of new multilateral trade agreements, the WTO currently faces serious challenges to its legitimacy and its effective functioning. Of particular concern is the US blockage of new appointments to the WTO’s Appellate Body (AB), which fulfils a key role in the WTO dispute settlement ...

This publication provides an overview of trade relations between the EU and Latin American and Caribbean countries and groupings. The EU has fully fledged agreements with two Latin American groupings (Cariforum and the Central America group), a multiparty trade agreement with three members of the Andean Community (Colombia, Ecuador, and Peru), and bilateral agreements with Chile and Mexico. Since November 2017, a new agreement governing trade relations with Cuba has also been provisionally applied ...

State of EU-US relations

Em síntese 05-09-2018

Over a year and a half into the presidency of Donald Trump, transatlantic relations continue to adapt to new realities under the 'America First' foreign policy. Its implications have touched several areas, such as climate, defence, sanctions and cooperation within multilateral institutions. EU-US trade relations have deteriorated significantly. However, following a visit by Commission President Jean-Claude Juncker to the US in July, new bilateral trade talks are being prepared. During its September ...

On 1 June 2018, US tariffs entered into force for steel and aluminium imports from the EU, Canada and Mexico, following US President Donald Trump's decision not to extend temporary exemptions. Argentina, Australia, Brazil and South Korea managed to obtain permanent exemptions as a result of deals struck with the Trump Administration. For all other countries, the US tariffs had already taken effect at the end of March 2018. After talks with the Trump Administration failed to result in a permanent ...

On 8 March 2018, US President Donald Trump signed orders imposing tariffs of 25 % on steel imports and 10 % on aluminium imports. These tariffs will apply to all countries, except Canada and Mexico (and possibly also Australia). President Trump has expressed a willingness to discuss the measures with individual countries and make additional exceptions if US (security) concerns are addressed. The European Commission and other US trading partners have expressed their concern at the measures, fearing ...

Over the years, the EU has opened up its public procurement markets to third countries to a large degree, yet many of these countries have not granted the EU a similar privilege. This situation has been difficult to address through multilateral or bilateral trade negotiations alone. With this in mind, the European Commission proposed the creation of an international procurement instrument in 2012. The aim of this instrument is twofold: to improve the conditions under which EU businesses can compete ...

This study analyses the interactions between EU and regional trade patterns and the trends in EU manufacturing on the one hand, and the influence of industrial and regional competitiveness factors on trade and industrial developments, on the other. The study specifically reviews theories on the factors behind trade specialisation and the role of trade in growth and inequalities, and links these to regional trade patterns in 13 EU Member States.

This publication provides an overview of trade relations between the EU and Latin American and Caribbean countries and groupings. The EU has concluded fully fledged agreements with two Latin American groupings (Cariforum and the Central America group), a multiparty trade agreement with three members of the Andean Community (Colombia, Ecuador, and Peru), and bilateral agreements with Chile and Mexico. It is currently also modernising its agreement with Mexico and intends soon to start negotiations ...

Since June 2017, several significant developments have occurred in relation to the ratification process of the Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada. This updates an earlier 'at a glance' note, published in June 2017.