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Key Macroeconomic Indicators in the Euro Area and the United States

12-11-2019

Latest forcest by EC, IMF and OECD.

Latest forcest by EC, IMF and OECD.

US: Economic indicators and trade with EU

14-10-2019

The USA remains the EU's top trading partner and export market. The EU and US economies account for about half the entire world's GDP, and for nearly a third of world trade flows. The European Commission reported in 2016 that over 10 million European jobs depend on exports to the USA. This Infographic provides you with essential data on trade between the EU and US. This is an updated edition of an ‘at a glance’ note from July 2018.

The USA remains the EU's top trading partner and export market. The EU and US economies account for about half the entire world's GDP, and for nearly a third of world trade flows. The European Commission reported in 2016 that over 10 million European jobs depend on exports to the USA. This Infographic provides you with essential data on trade between the EU and US. This is an updated edition of an ‘at a glance’ note from July 2018.

Euro Area Scrutiny: External expertise on economic governance issues during the 8th Parliamentary term

24-06-2019

This document provides the summaries of all external experts papers published during the 8th parliamentary term (2014-2019) by the Economic Governance Support Unit, aimed at supporting the scrutiny work on the functioning of the Euro Area, especially in view of the bi-annual Economic Dialogues with the President of the Eurogroup.

This document provides the summaries of all external experts papers published during the 8th parliamentary term (2014-2019) by the Economic Governance Support Unit, aimed at supporting the scrutiny work on the functioning of the Euro Area, especially in view of the bi-annual Economic Dialogues with the President of the Eurogroup.

Balanced and fairer world trade defence: EU, US and WTO perspectives

29-05-2019

This workshop of the Committee on International Trade discussed recent developments in trade defence legislation and practice from the perspectives of the EU, the USA and the WTO. A set of trade defence rules have been agreed in the framework of the World Trade Organisation (WTO), in particular on anti-dumping, anti-subsidies and safeguards. The WTO also provides a dispute settlement system for cases brought forward by its members. The EU has recently adopted two sets of new legislation on Trade ...

This workshop of the Committee on International Trade discussed recent developments in trade defence legislation and practice from the perspectives of the EU, the USA and the WTO. A set of trade defence rules have been agreed in the framework of the World Trade Organisation (WTO), in particular on anti-dumping, anti-subsidies and safeguards. The WTO also provides a dispute settlement system for cases brought forward by its members. The EU has recently adopted two sets of new legislation on Trade Defence Instruments (TDI), known as ‘TDI methodology’ and ‘TDI modernisation’. These new rules aim at enhancing the EU’s trade defence, without deviating from its commitment to an open economic environment set in an international rules based order. The US has its own rules and practice for trade defence and continues to distinguish between countries having a market economy and those who don’t - a difference abandoned by the EU in its latest reform. Moreover, the Trump Administration has imposed many new tariffs on foreign imports, often based on the national security exception provided by the WTO - a justification contested by most of the countries targeted. Furthermore, the US expressed concerns about the system of dispute settlement in the WTO, blocking nominations to its Appellate Body. Experts gave their views on whether all these recent developments are contributing to an international trade defence regime that is ‘fair’ and ‘balanced’, taking into account the different perspectives.

Externí autor

Erdal YALCIN, Hannes WELGE, André SAPIR, Petros C. MAVROIDIS

NATO at 70 [What Think Tanks are thinking]

12-04-2019

The North Atlantic Treaty Organization (NATO) celebrates its 70th anniversary in April 2019, proud of its survival, durability and strong role in ensuring peace, notably during the Cold War. However, analysts and politicians stress that the military alliance must work hard to keep pace with a changing environment and the new challenges of the 21st century, both geo-strategic and technological. Another major test is the uncertain commitment to NATO of Donald Trump, the current President of the United ...

The North Atlantic Treaty Organization (NATO) celebrates its 70th anniversary in April 2019, proud of its survival, durability and strong role in ensuring peace, notably during the Cold War. However, analysts and politicians stress that the military alliance must work hard to keep pace with a changing environment and the new challenges of the 21st century, both geo-strategic and technological. Another major test is the uncertain commitment to NATO of Donald Trump, the current President of the United States. This note offers links to commentaries and studies on NATO and European defence by major international think tanks. Earlier papers on European defence, focused on a planned US withdrawal from the Intermediate-Range Nuclear Forces (INF) Treaty, can be found in a previous edition of 'What Think Tanks are Thinking', published in February 2019.

Innovation in Europe [What Think Tanks are thinking]

29-03-2019

Innovation in the economy is a priority for the European Union, vital to its competitiveness globally, and for growth and jobs. The EU is implementing a number of policies and programmes that support innovation, through increased investment in research and development, and to better convert research into improved goods and services. Yet, according to many analysts, despite the roll-out of numerous pro-innovation initiatives, the EU is still lagging behind the United States and China both on innovation ...

Innovation in the economy is a priority for the European Union, vital to its competitiveness globally, and for growth and jobs. The EU is implementing a number of policies and programmes that support innovation, through increased investment in research and development, and to better convert research into improved goods and services. Yet, according to many analysts, despite the roll-out of numerous pro-innovation initiatives, the EU is still lagging behind the United States and China both on innovation and in relation to the related digitalisation process. This note offers links to recent commentaries, studies and reports from major international think tanks on innovation in the EU and related issues. More papers on innovation, notably on the digital economy, can be found in a previous item in this series. published in July 2018.

Taiwan's political survival in a challenging geopolitical context

26-03-2019

Since the landmark victory of Tsai Ing-wen from Taiwan's pro-independence Democratic Progressive Party (DPP) in the 2016 presidential elections, mainland China has intensified the island's international isolation and intimidation through political pressure, economic coercion and military drills. In a January 2019 speech commemorating the 40th anniversary of the 1979 'Message to Compatriots in Taiwan', China's President, Xi Jinping, alluded to the inevitability of unification based on a 'one country ...

Since the landmark victory of Tsai Ing-wen from Taiwan's pro-independence Democratic Progressive Party (DPP) in the 2016 presidential elections, mainland China has intensified the island's international isolation and intimidation through political pressure, economic coercion and military drills. In a January 2019 speech commemorating the 40th anniversary of the 1979 'Message to Compatriots in Taiwan', China's President, Xi Jinping, alluded to the inevitability of unification based on a 'one country, two systems' formula, which is widely rejected in Taiwan. Taiwan's successful transition from an authoritarian anti-communist bulwark led by the Nationalist Party or Kuomintang (KMT), to a liberal multi-party democracy that embraces individual political freedoms, the rule of law and universal human rights, is a challenge for the authoritarian one-party system of the People's Republic of China (PRC), as it belies mainland China's rhetoric that a liberal multi-party democracy is unsuitable for Chinese people. Taiwan's political survival within the fragile status quo of cross-strait relations ultimately depends on the United States' continued national interest in ensuring that Taiwan's defence capabilities and the US's military supremacy over the PRC act as a deterrent against a potential invasion of Taiwan by mainland China's military forces. Against the backdrop of the PRC's increasingly aggressive Taiwan policy and growing US-China strategic competition on multiple fronts, the US has expanded its long-standing commitments in support of Taiwan's defence and democracy, and considers the island as a partner in promoting the goals and values of the US's free and open Indo-Pacific strategy. The EU maintains a 'One China' policy, which recognises the PRC government as the sole legal government of China. However, since the EU and Taiwan are like-minded in many regards and the EU respects Taiwan's governance system, it is interested in closer cooperation with Taiwan on non-political issues, even in the absence of diplomatic recognition.

Parliamentary scrutiny of trade policies across the western world

25-03-2019

The Lisbon Treaty increased the European Parliament’s powers over EU trade policy. Ten years after its entry into force it is timely to take stock of how the EP has made use of this leverage in shaping the EU’s trade negotiations. Such an exercise benefits from a comparison with other well-established parliamentary democracies, particularly the key partners with whom the EU has recently negotiated or has started to negotiate a comprehensive trade agreement. This study compares parliamentary scrutiny ...

The Lisbon Treaty increased the European Parliament’s powers over EU trade policy. Ten years after its entry into force it is timely to take stock of how the EP has made use of this leverage in shaping the EU’s trade negotiations. Such an exercise benefits from a comparison with other well-established parliamentary democracies, particularly the key partners with whom the EU has recently negotiated or has started to negotiate a comprehensive trade agreement. This study compares parliamentary scrutiny of trade policy in the EU with the United States, Canada and Australia. It concludes that the European Parliament has become powerful and active in trade policy, on a comparable level to the US Congress. Its powers exceed those of other Western democracies, such as Australia and Canada. From the latter the European Parliament may conclude that it is important to codify some of its informal oversight practices, before they may get lost over time again. This may also help to encourage its trading partners to increase their parliamentary involvement during negotiations with the EU. As regards the implementation of trade agreements however, the EU has very few competences in comparison to all other three countries analysed.

Externí autor

Bart KERREMANS, Johan ADRIAENSEN, Francesca COLLI, Evelyn COREMANS

US duties on imports of Spanish ripe olives

06-03-2019

In January 2019, the European Union (EU) launched a case before the World Trade Organization (WTO) against the United States (US) challenging duties on imports of Spanish ripe olives, definitively in place since July 2018. US authorities have concluded that certain EU support measures for Spanish olive producers under the common agricultural policy (CAP) are contrary to WTO rules and can be countervailed. Given the importance of such support for EU farmers, the US measures could have far-reaching ...

In January 2019, the European Union (EU) launched a case before the World Trade Organization (WTO) against the United States (US) challenging duties on imports of Spanish ripe olives, definitively in place since July 2018. US authorities have concluded that certain EU support measures for Spanish olive producers under the common agricultural policy (CAP) are contrary to WTO rules and can be countervailed. Given the importance of such support for EU farmers, the US measures could have far-reaching consequences for the EU's agricultural model and set precedents in the WTO.

The INF Treaty and European defence [What Think Tanks are thinking]

22-02-2019

The United States has announced its withdrawal from the Intermediate-Range Nuclear Forces (INF) Treaty, sparking fears of a fresh nuclear arms race between Russia, the United States and China. The collapse of the 1987 agreement, which bans land-based missiles with a range of between 500 kilometres and 5 500 kilometres, has further exacerbated existing concerns about European security caused by the uncertain commitment of US President Donald Trump to the NATO military alliance. President Trump’s approach ...

The United States has announced its withdrawal from the Intermediate-Range Nuclear Forces (INF) Treaty, sparking fears of a fresh nuclear arms race between Russia, the United States and China. The collapse of the 1987 agreement, which bans land-based missiles with a range of between 500 kilometres and 5 500 kilometres, has further exacerbated existing concerns about European security caused by the uncertain commitment of US President Donald Trump to the NATO military alliance. President Trump’s approach to security, coupled with Russia’s assertive behaviour, have prompted the European Union to put forward initiatives to increase its military capabilities. President Trump started a six-month process of withdring from the Treaty in February 2019, blaming the decision on Russian violations. Hopes are not high that an agreement can be negotiated during this period. Furthermore, during the 2019 Munich Security Conference, German Chancellor Angela Merkel called on China to join the INF Treaty, but China has argued that this would place unfair limits on its military, and refused. This note offers links to commentaries and studies on the collapse of the INF Treaty, and on European defence. Earlier papers on defence can be found in a previous edition of ‘What Think Tanks are Thinking’, published in July 2018.

Chystané akce

17-02-2020
The Dilemma of Disinformation: How should democracies respond?
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