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Indonesia: Economic indicators and trade with EU

19-12-2019

Which economy grew faster over the past 15 years – the EU or Indonesia? How many Indonesian women have a job, and what is the unemployment rate? Which country is Indonesia's biggest trading partner? What kind of products does the EU import from Indonesia? How does Indonesia compare with the global average in terms of human development, income inequality and corruption? You can find the answers to these and other questions in our EPRS publication on Indonesia: economic indicators and trade with EU ...

Which economy grew faster over the past 15 years – the EU or Indonesia? How many Indonesian women have a job, and what is the unemployment rate? Which country is Indonesia's biggest trading partner? What kind of products does the EU import from Indonesia? How does Indonesia compare with the global average in terms of human development, income inequality and corruption? You can find the answers to these and other questions in our EPRS publication on Indonesia: economic indicators and trade with EU, one of a series of infographics on the world's main economies produced in collaboration with the European University Institute's GlobalStat.

China: Economic indicators and trade with EU

03-12-2019

China's economy is slowing from past two-digit growth rates to a 'new normal' growth rate of 'only' 6.5% on average under the current five-year plan (2016-2020). To what extent does this slowdown affect China's public finances and other macroeconomic indicators? How has EU trade with China developed during the last decade? How important is the EU for China in terms of trade? And what about China's trade relevance for the EU? Has the huge trade imbalance in goods trade between China and the EU narrowed ...

China's economy is slowing from past two-digit growth rates to a 'new normal' growth rate of 'only' 6.5% on average under the current five-year plan (2016-2020). To what extent does this slowdown affect China's public finances and other macroeconomic indicators? How has EU trade with China developed during the last decade? How important is the EU for China in terms of trade? And what about China's trade relevance for the EU? Has the huge trade imbalance in goods trade between China and the EU narrowed in recent years? How intensive is trade in services between the EU and China? What are the EU's main export items to China? How does China's export basket look like? You can find the answers to these and other questions in our EPRS publication on China produced in collaboration with the European University Institute's GlobalStat on the world's main economies. This is an updated edition of an ‘At a Glance’ note published in October 2018.

Commitments made at the hearing of Josep BORRELL FONTELLES, High Representative of the Union for Foreign Affairs and Security Policy / Vice-President-designate of the European Commission

22-11-2019

The High Representative of the Union for Foreign Affairs and Security Policy / Vice-President designate of the European Commission, Josep Borrell, appeared before the European Parliament on 7 October 2019 to answer MEPs’ questions. During the hearing, he made a number of commitments which are highlighted in this document.

The High Representative of the Union for Foreign Affairs and Security Policy / Vice-President designate of the European Commission, Josep Borrell, appeared before the European Parliament on 7 October 2019 to answer MEPs’ questions. During the hearing, he made a number of commitments which are highlighted in this document.

Kazakhstan: Transition, but not much change

18-10-2019

Nursultan Nazarbayev, president of Kazakhstan for nearly 30 years, announced his intention to step down in March 2019. With Nazarbayev's backing, former senate speaker Kassym-Jomart Tokayev was elected to replace him in June. Although Nazarbayev is no longer president, he retains considerable power, and in the short term at least his successor is not expected to undertake major reforms.

Nursultan Nazarbayev, president of Kazakhstan for nearly 30 years, announced his intention to step down in March 2019. With Nazarbayev's backing, former senate speaker Kassym-Jomart Tokayev was elected to replace him in June. Although Nazarbayev is no longer president, he retains considerable power, and in the short term at least his successor is not expected to undertake major reforms.

India: Economic indicators and trade with EU

30-09-2019

At the beginning of the century, the EU and India were growing exactly at the same path: how about today? Who is the main trade partner of India: China or the EU? And would you ever think that the EU exports to India pearls and precious stones more than electronic equipment? And how much is it easy to do business in New Delhi? Find the answers to these and many more questions in our EPRS publication on ‘India: Economic indicators and trade with EU’, part of a series of infographics produced in collaboration ...

At the beginning of the century, the EU and India were growing exactly at the same path: how about today? Who is the main trade partner of India: China or the EU? And would you ever think that the EU exports to India pearls and precious stones more than electronic equipment? And how much is it easy to do business in New Delhi? Find the answers to these and many more questions in our EPRS publication on ‘India: Economic indicators and trade with EU’, part of a series of infographics produced in collaboration with the European University Institute's GlobalStat on the world's main economies. This is an updated edition of an ‘At a Glance’ note published in July 2016.

Connectivity in Central Asia: Reconnecting the Silk Road

02-04-2019

Despite being strategically located at the crossroads of Europe and Asia, Central Asia has long been poorly connected: remote, landlocked, cut off from the main population centres of Europe and Asia by empty steppes and rugged mountains. As well as physical barriers, regulatory obstacles and political repression often inhibit the free flow of people, goods, services and ideas. However, in 2013 China announced its Belt and Road Initiative (BRI), one of whose aims is to revive the historic Silk Road ...

Despite being strategically located at the crossroads of Europe and Asia, Central Asia has long been poorly connected: remote, landlocked, cut off from the main population centres of Europe and Asia by empty steppes and rugged mountains. As well as physical barriers, regulatory obstacles and political repression often inhibit the free flow of people, goods, services and ideas. However, in 2013 China announced its Belt and Road Initiative (BRI), one of whose aims is to revive the historic Silk Road trade route connecting Europe to the Far East via Central Asia. Uzbekistan's more open foreign policy since 2016 also favours improved connectivity. The Belt and Road Initiative has provided impetus for a major transport infrastructure upgrade. Central Asian countries are also dismantling barriers to trade and travel. Many problems still remain – the poor state of physical infrastructure, limited digital connectivity, and regulatory obstacles. Progress has been uneven. In Uzbekistan and Kazakhstan, improved connectivity is driving increased trade and investment, while Kyrgyzstan, Tajikistan and Turkmenistan are lagging behind. Given the importance of connectivity for Central Asia, it is key to the EU's relations with the region. The EU is making a difference, for example, by supporting educational exchanges and helping to dismantle trade barriers, but its role has not attracted the same attention as China's BRI. The EU's 2018 Connecting Europe and Asia strategy aims to redress the balance by setting out the values that underpin its own vision of sustainable, rules-based connectivity. For the strategy, connectivity is about more than infrastructure, and includes tackling non-physical (e.g. regulatory) barriers to movement. The EU has also expressed concerns about some aspects of the BRI, seen as prioritising China's interests over those of partner countries. However, given Beijing's growing influence, the EU needs to co-exist not only with China but also Russia, which is also a major connectivity player in the region through its Eurasian Economic Union.

The EU's new Central Asia strategy

30-01-2019

Central Asia is an often overlooked region, but one that is gradually becoming more important for the European Union. Although the Central Asian countries are less of a priority than those of the Eastern Neighbourhood, the EU has steadily intensified diplomatic relations with the region, at the same time as ramping up development aid. European trade and investment, above all in Kazakhstan, have made the EU the main economic player in Central Asia, ahead of Russia and China. However, former overlord ...

Central Asia is an often overlooked region, but one that is gradually becoming more important for the European Union. Although the Central Asian countries are less of a priority than those of the Eastern Neighbourhood, the EU has steadily intensified diplomatic relations with the region, at the same time as ramping up development aid. European trade and investment, above all in Kazakhstan, have made the EU the main economic player in Central Asia, ahead of Russia and China. However, former overlord Russia does not seem to resent European influence in Central Asia as much as in eastern Europe, and the region has avoided becoming a zone of geopolitical confrontation. The EU's 2007 Central Asia strategy defines the priorities for EU development aid and diplomatic activity in the region. These include responding to security threats, protecting human rights, promoting economic development, developing transport and energy links, and ensuring environmental protection. Since then, progress in these areas has been uneven. Nevertheless, the issues identified in 2007 are still highly relevant today, and will probably remain at the heart of future EU policy in Central Asia. However, there have also been several major developments since the strategy was adopted: China's Belt and Road Initiative is reviving overland trade routes connecting Europe and Asia via the region; in Uzbekistan, a more conciliatory foreign policy under the country's new president has eased regional tensions and opened the door to cooperation between formerly hostile neighbours. At the same time, Central Asian countries are becoming more interested in engaging with Afghanistan. A new strategy, expected for mid-2019, will therefore need to spell out how the EU responds to these new dynamics.

The Scope and Mandate of EU Special Representatives (EUSRs)

24-01-2019

The present study aims to assess the scope and mandate of EU Special Representatives (EUSRs) in an attempt to explore and provide an analysis on the role of this diplomatic instrument of the European Union, especially in light of the changes to the conduct of EU external action brought about by the Treaty of Lisbon, reflected in the creation of the European External Action Service and European Union Delegations. By doing so this study not only provides an update on the role of EU Special Representatives ...

The present study aims to assess the scope and mandate of EU Special Representatives (EUSRs) in an attempt to explore and provide an analysis on the role of this diplomatic instrument of the European Union, especially in light of the changes to the conduct of EU external action brought about by the Treaty of Lisbon, reflected in the creation of the European External Action Service and European Union Delegations. By doing so this study not only provides an update on the role of EU Special Representatives in the EU’s external action, but also looks forward by assessing their added value and the potential of their further institutional integration.

Údar seachtarach

Francisca COSTA REIS, Researcher, Leuven Centre for Global Governance Studies, Belgium; Sharon LECOCQ, Researcher, Leuven Centre for Global Governance Studies, Belgium; Dr. Guillaume VAN DER LOO, Senior Researcher, Leuven Centre for Global Governance Studies, Belgium; Prof. Dr. Kolja RAUBE, Senior Researcher, Leuven Centre for Global Governance Studies, Belgium; Prof. Dr. Jan WOUTERS, Director, Leuven Centre for Global Governance Studies, Belgium.

International Agreements in Progress: EU-Vietnam Free Trade Agreement

04-10-2018

The free trade agreement (FTA) negotiated in 2015 with Vietnam has been described as the most ambitious deal of its type ever between the EU and a developing country. Not only will it eliminate over 99 % of customs duties on goods, it will also open up Vietnamese services markets to EU companies and strengthen protection of EU investments in the country. According to European Commission figures, the FTA could boost Vietnam's booming economy by as much as 15 % of GDP, with Vietnamese exports to Europe ...

The free trade agreement (FTA) negotiated in 2015 with Vietnam has been described as the most ambitious deal of its type ever between the EU and a developing country. Not only will it eliminate over 99 % of customs duties on goods, it will also open up Vietnamese services markets to EU companies and strengthen protection of EU investments in the country. According to European Commission figures, the FTA could boost Vietnam's booming economy by as much as 15 % of GDP, with Vietnamese exports to Europe growing by over one third. For the EU, the agreement is an important stepping stone to a wider trade deal with south-east Asia. However, Vietnamese manufacturing sectors may suffer from competition with the EU. NGOs and the European Parliament have also criticised the Commission for pursuing closer ties with a politically repressive regime, although the deal includes some safeguards against negative outcomes. Conclusion of the FTA was delayed by a 2017 opinion of the European Court of Justice. The Court ruled that the EU does not have the power to conclude agreements on certain investment-related issues on its own; therefore, the text as it then stood would also have to be ratified by the 28 Member States. To enable at least some parts of the FTA to be ratified more speedily at EU level, in August 2018 the EU and Vietnam agreed to take provisions on investment, for which Member State ratification is required, out of the main agreement and put them in a separate Investment Protection Agreement (IPA). Both the FTA and IPA are currently in translation and are expected to be formally submitted to the Council in late 2018, possibly enabling the FTA to come into force in the second half of 2019. Third edition. The ‘International Agreements in Progress’ briefings are updated at key stages throughout the process, from initial discussions through to ratification. To view earlier editions of this briefing, please see: PE 614.702, February 2018.

China [What Think Tanks are thinking]

28-09-2018

China is a major strategic partner for the European Union, despite divergences on human rights issues, as well as on some economic and foreign policies. At their 20th EU-China summit in July, the two sides agreed to further develop their partnership and to seek to avoid global trade wars, which many analysts fear could be triggered by US President Donald Trump’s protectionist policies. They agreed, in principle, to support reform of the World Trade Organization, which has been snubbed by President ...

China is a major strategic partner for the European Union, despite divergences on human rights issues, as well as on some economic and foreign policies. At their 20th EU-China summit in July, the two sides agreed to further develop their partnership and to seek to avoid global trade wars, which many analysts fear could be triggered by US President Donald Trump’s protectionist policies. They agreed, in principle, to support reform of the World Trade Organization, which has been snubbed by President Trump. However, China’s increasingly close military ties with Russia cause concern in the EU. Trade, security and connectivity will be important topics of the 12th ASEM (EU-Asia) summit in October, which will gather heads of state or government of 51 European and Asian countries. This note offers links to recent commentaries, studies and reports from major international think tanks on China, its ties with the EU and related issues. More studies on the topics can be found in a previous edition of 'What Think Tanks are thinking', published in March 2018. One of the forthcoming publications in this series will be devoted to wider EU-Asia relations.

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