Germany’s Scholz proposes ‘climate club’ to avoid trade friction
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Scholz confirmed as Social Democrat candidate
Sunday marked the party congress of Germany’s embattled Social Democrats (SPD), with the party showing a united front and serving to affirm the position of Finance Minister Olaf Scholz as the SPD’s candidate for the chancellorship. Scholz was confirmed as…
Highlights – WTO negotiations, Trade and Sustainable Development: committee debates – Committee on International Trade
The Committee on International Trade will discuss the preparations for the upcoming WTO negotiations, including with respect to the proposed waiver for COVID-19 vaccines intellectual property rights under the TRIPS agreement and the fisheries subsidies negotiations. The Committee will also discuss the review of the 15-point action plan on the effective implementation and enforcement of the Trade and Sustainable Development Chapters (TSD) in trade agreements. The meeting will be held on 13 July.
Source : © European Union, 2021 – EP
In-Depth Analysis – The EU-Turkey Customs Union and trade relations: what options for the future? – 07-07-2021
This in-depth analysis summarizes the main effects of the Customs Union (CU) on EU-Turkey trade and the economic situation in Turkey. Whereas the CU offers Turkey several economic benefits, it also implies some downsides, in particular asymmetric tariffs in relation to third countries. Against the background of the dynamic development of EU-Turkey relations, the authors assess the impact of four different options for developing EU-Turkey economic and trade relations:
(i) Continuation of the current Customs Union framework as it stands,
(ii) Modernization and upgrading of the Customs Union,
(iii) A transformation of the bilateral trade relations into a deep and comprehensive free trade agreement (DCFTA),
(iv) Suspension of the Customs Union (in which case WTO rules would apply).
The in-depth-analysis describes the options, the challenges the EU-Turkey Customs Union faces and seeks solutions for these issues.
(i) Continuation of the current Customs Union framework as it stands,
(ii) Modernization and upgrading of the Customs Union,
(iii) A transformation of the bilateral trade relations into a deep and comprehensive free trade agreement (DCFTA),
(iv) Suspension of the Customs Union (in which case WTO rules would apply).
The in-depth-analysis describes the options, the challenges the EU-Turkey Customs Union faces and seeks solutions for these issues.
Source : © European Union, 2021 – EP
At a Glance – Bilateral trade: EU-US Explainer – 28-07-2021
The EU and the US are each other’s biggest economic partners, but have not yet been able to conclude a free trade agreement. Politically sensitive bilateral trade issues include US access to EU agricultural markets, EU access to US public procurement markets, data privacy regulations, climate policies, and taxation and regulation of major − chiefly American − digital service providers in the EU market.
Source : © European Union, 2021 – EP
Germany pledges to become carbon-neutral by 2045
Germany pledges to become carbon-neutral by 2045. Germany has announced plans to become carbon neutral by 2045, in a landmark shift in climate policy driven by a recent constitutional court ruling demanding better defined emissions targets after 2030. German Finance…
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