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Australia: Economic indicators and trade with EU

24-02-2020

Australia was the world's 13th largest economy in 2018, with growth in gross domestic product (GDP) at 2.9 %. It has a strong and dynamic relationship with the EU. Negotiations for a free trade agreement between Australia and the EU were formally launched in June 2018. In 2018, Australia was the EU's 19th largest trading partner, with a 1.2% share of the EU's total trade. Further information on EU-Australia trade relations, such as the composition of trade between the two partners, can be found in ...

Australia was the world's 13th largest economy in 2018, with growth in gross domestic product (GDP) at 2.9 %. It has a strong and dynamic relationship with the EU. Negotiations for a free trade agreement between Australia and the EU were formally launched in June 2018. In 2018, Australia was the EU's 19th largest trading partner, with a 1.2% share of the EU's total trade. Further information on EU-Australia trade relations, such as the composition of trade between the two partners, can be found in this infographic, which also provides an economic snapshot of Australia.

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.

Review of dual-use export controls

26-11-2019

Certain goods and technologies have legitimate civilian applications but can also be used for military purposes; so-called 'dual-use' goods are subject to the European Union's export control regime. The regime is now being revised, mainly to take account of significant technological developments and to create a more level playing field among EU Member States. The proposed regulation would recast the regulation in force since 2009. Among other elements, the proposal seeks to introduce an 'autonomous ...

Certain goods and technologies have legitimate civilian applications but can also be used for military purposes; so-called 'dual-use' goods are subject to the European Union's export control regime. The regime is now being revised, mainly to take account of significant technological developments and to create a more level playing field among EU Member States. The proposed regulation would recast the regulation in force since 2009. Among other elements, the proposal seeks to introduce an 'autonomous' EU list for cyber-surveillance technology featuring items that are not (yet) subject to multilateral export control. Moreover, the proposal seeks to introduce human rights violations as an explicit justification for export control. Stakeholders are divided over the incorporation of human rights considerations, with the technology industry particularly concerned that it might lose out to non-European competitors. On 17 January 2018, based on the INTA committee's report on the legislative proposal, the European Parliament adopted its position for trilogue negotiations. For its part, the Council adopted its negotiating mandate on 5 June 2019, and on the basis of this mandate, the Council Presidency began negotiations with the European Parliament's delegation on 21 October 2019. Fifth edition. The ‘EU Legislation in Progress’ briefings are updated at key stages throughout the legislative procedure. Please note this document has been designed for on-line viewing.

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.

Understanding trade balances

08-02-2019

Trade policy discourse on both sides of the Atlantic has recently focused on trade deficits and surpluses. In the United States (US), President Donald Trump has routinely referred to the US trade deficit as a central indicator of the country's economic woes and made its reduction a key objective of US trade policy. In Europe, the world's largest trade surplus, run by Germany, has come under scrutiny. However, focusing on trade balances of exports and imports can be misleading in the trade policy ...

Trade policy discourse on both sides of the Atlantic has recently focused on trade deficits and surpluses. In the United States (US), President Donald Trump has routinely referred to the US trade deficit as a central indicator of the country's economic woes and made its reduction a key objective of US trade policy. In Europe, the world's largest trade surplus, run by Germany, has come under scrutiny. However, focusing on trade balances of exports and imports can be misleading in the trade policy context. Trade balances need to be considered as an integral part of a larger whole, the balance of payments of an economy. The imposition of specific trade policy measures, such as unilateral tariffs, cannot be expected to improve a trade balance significantly.

Union Customs Code

26-09-2018

The study examines whether the Union Customs Code is being properly implemented for the benefit of the European consumers, businesses and EU budget. It covers the complex legislative and administrative framework of the UCC and its governance structure. It assesses the impact of the transitional measures attached to the UCC. It moreover addresses the specific challenges raised in the area of E-Commerce.

The study examines whether the Union Customs Code is being properly implemented for the benefit of the European consumers, businesses and EU budget. It covers the complex legislative and administrative framework of the UCC and its governance structure. It assesses the impact of the transitional measures attached to the UCC. It moreover addresses the specific challenges raised in the area of E-Commerce.

US tariffs: EU response and fears of a trade war

21-06-2018

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 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 exemption, the EU responded to the new tariffs by lodging a complaint at the WTO and instituting rebalancing measures on specific US exports. A safeguard investigation on steel imports into the EU is also on-going. Other US trading partners have responded in similar ways, raising fears that this could be the start of a full-blown trade war that would harm economic growth.

Mexico: Economic indicators and trade with EU

22-05-2018

Mexico's economy is the 15th largest in the world (in terms of GDP) and the second largest in Latin America, after Brazil. It is currently classified as an upper middle-income economy by the World Bank, and is a member of the WTO, the OECD and the G20. The EU is Mexico's third-largest trading partner after the US and China, and its second biggest export market after the US. Our infographic, produced in close cooperation with GlobalStat, provides a quick and useful overview of Mexico's main economic ...

Mexico's economy is the 15th largest in the world (in terms of GDP) and the second largest in Latin America, after Brazil. It is currently classified as an upper middle-income economy by the World Bank, and is a member of the WTO, the OECD and the G20. The EU is Mexico's third-largest trading partner after the US and China, and its second biggest export market after the US. Our infographic, produced in close cooperation with GlobalStat, provides a quick and useful overview of Mexico's main economic and trade data, as well as of the EU grants and loans to this country. This is an updated edition of an ‘at a glance’ note published in March 2017.

Trump, trade and tariffs [What Think Tanks are thinking]

16-03-2018

US President, Donald Trump, has imposed tariffs on steel and aluminium imports, raising fears of a trade war with other countries. He has argued that the levies, of 25 % on steel and 10 % on aluminium, are needed to protect US national security. But many analysts and politicians believe that they are actually meant to protect domestic producers and meet Trump's pre-election promise to return manufacturing jobs to the US. The European Union is seeking an exemption from the tariffs, which has already ...

US President, Donald Trump, has imposed tariffs on steel and aluminium imports, raising fears of a trade war with other countries. He has argued that the levies, of 25 % on steel and 10 % on aluminium, are needed to protect US national security. But many analysts and politicians believe that they are actually meant to protect domestic producers and meet Trump's pre-election promise to return manufacturing jobs to the US. The European Union is seeking an exemption from the tariffs, which has already been granted, in principle, to Canada and Mexico. If this does not happen, the EU could respond in several ways, including by imposing its own tariffs on US products. This note offers links to a series of recent commentaries and reports from major international think tanks and research institutes in reaction to Trump's decision. More reports on international trade can be found in a previous edition of 'What Think Tanks are thinking' published in June 2017.

New US tariffs: Potential impact on the WTO

13-03-2018

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 ...

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 that they could lead to a wider trade dispute. The Trump administration's justification of the tariffs on national security grounds is also viewed as a threat to the multilateral trading system.

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03-03-2020
Demographic Outlook for the EU in 2020: Understanding population trends in the EU
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Has the EU become a regulatory superpower? How it's rules are shaping global markets
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