15

result(s)

Word(s)
Publication type
Policy area
Author
Keyword
Date

EU free trade agreement with Australia and New Zealand

15-02-2018

This note seeks to provide an initial analysis of the strengths and weaknesses of the European Commission's impact assessment (IA) accompanying the above proposals, submitted on 13 September 2017 and referred to Parliament's Committee on International Trade (INTA). For the Commission, the proposals are a step towards fulfilment of the key criteria for the EU's trade relations with third countries, namely the criteria of effectiveness, transparency, and the safeguarding of the European social and ...

This note seeks to provide an initial analysis of the strengths and weaknesses of the European Commission's impact assessment (IA) accompanying the above proposals, submitted on 13 September 2017 and referred to Parliament's Committee on International Trade (INTA). For the Commission, the proposals are a step towards fulfilment of the key criteria for the EU's trade relations with third countries, namely the criteria of effectiveness, transparency, and the safeguarding of the European social and regulatory model as underlined in the European Commission's 'Trade for all' communication. One of the objectives of the Commission's 2017 work programme was to open negotiations with Australia and New Zealand. Both countries are important trade partners for the EU and vice versa. In 2015, total trade in commercial services amounted to €4.3 billion between the EU and New Zealand, and €21.9 billion between the EU and Australia. In recent years, the EU has concluded bilateral agreements containing trade-related arrangements. Since 2015, the Commission has been preparing the ground for a free trade agreement (FTA) with both countries. On 26 October 2017 the European Parliament adopted two resolutions in which it called on the Council to authorise the Commission to start negotiations for trade and investment agreements with Australia and with New Zealand. The Parliament called on the Commission to outline the general future architecture of these trade agreements as rapidly as possible. The Parliament also stressed that the future FTAs 'must lead to improved market access and trade facilitation on the ground, create decent jobs, ensure gender equality for the benefit of the citizens on both sides, encourage sustainable development, uphold EU standards, safeguard services of general interest, and respect democratic procedures while boosting EU export opportunities'. The Commission conducted one impact assessment for the two proposals for free trade agreements with Australia and New Zealand and its conclusions are considered as valid for the EU's subsequent negotiations with both countries.

What next after the US withdrawal from the TPP? What are the options for trade relations in the Pacific and what will be the impact on the EU?

27-11-2017

The Trans-Pacific Partnership was a landmark trade agreement signed by 12 Pacific Rim countries including the US on 4 February 2016. TPP had commercial as well as geopolitical significance for the Obama administration and was a key component of the former president´s so-called “pivot” to Asia. On his first full day in office, on 24 January 2017, President Trump pulled the US out of TPP leaving the other 11 signatories to grapple with the consequences. They have since vowed to move forward even without ...

The Trans-Pacific Partnership was a landmark trade agreement signed by 12 Pacific Rim countries including the US on 4 February 2016. TPP had commercial as well as geopolitical significance for the Obama administration and was a key component of the former president´s so-called “pivot” to Asia. On his first full day in office, on 24 January 2017, President Trump pulled the US out of TPP leaving the other 11 signatories to grapple with the consequences. They have since vowed to move forward even without US participation, reviewing the existing clauses and rebranding the regional agreement under the name of Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP). Negotiations on the CPTPP will continue in 2018. The European Parliament has requested three experts from the EU, US and Asia to consider the implications of the US withdrawal from the TPP and draw conclusions on how the EU should position itself in this high-growth and geopolitically-strategic area. The findings were presented during a Workshop organised by the Policy Department for the International Trade Committee on 8 November 2017 in Brussels.

External author

Peter CHASE, Pasha L. HSIEH, Bart KERREMANS

Plenary round-up – Strasbourg, November I 2017

17-11-2017

The key focal points of the November I plenary session included debates on the rule of law in Malta and Poland and on the 'Paradise papers' revelations. Members adopted, inter alia, their positions ahead of the 11th WTO Ministerial Conference and the Eastern Partnership Summit. They also adopted resolutions on the new EU-Africa strategy and on the Ombudsman's activities in 2016. Parliament heard a formal address from Andrej Kiska, President of Slovakia, and finally, the 2017 LUX Prize was awarded ...

The key focal points of the November I plenary session included debates on the rule of law in Malta and Poland and on the 'Paradise papers' revelations. Members adopted, inter alia, their positions ahead of the 11th WTO Ministerial Conference and the Eastern Partnership Summit. They also adopted resolutions on the new EU-Africa strategy and on the Ombudsman's activities in 2016. Parliament heard a formal address from Andrej Kiska, President of Slovakia, and finally, the 2017 LUX Prize was awarded at a ceremony held on Wednesday.

FTA talks with Australia and New Zealand

23-10-2017

On 13 September 2017, the Commission presented recommendations to the Council to authorise the launch of free trade agreement (FTA) negotiations with Australia and New Zealand. In October, the Parliament is due to debate reports by the Parliament's Committee on International Trade (INTA) on the proposed negotiating mandate for trade negotiations with Australia and New Zealand.

On 13 September 2017, the Commission presented recommendations to the Council to authorise the launch of free trade agreement (FTA) negotiations with Australia and New Zealand. In October, the Parliament is due to debate reports by the Parliament's Committee on International Trade (INTA) on the proposed negotiating mandate for trade negotiations with Australia and New Zealand.

International Agreements in Progress: EU-New Zealand free trade agreement - All set for the launch of negotiations

11-10-2017

New Zealand already enjoys a number of bilateral trade cooperation agreements with the EU. These agreements pave the way for negotiations on a free trade agreement (FTA) between the EU and New Zealand. However, both sides are expected to raise several sensitive issues during negotiations, not least because New Zealand is a major and competitive producer and exporter of agricultural goods. The EU is committed to taking European agricultural sensitivities fully into consideration in its negotiating ...

New Zealand already enjoys a number of bilateral trade cooperation agreements with the EU. These agreements pave the way for negotiations on a free trade agreement (FTA) between the EU and New Zealand. However, both sides are expected to raise several sensitive issues during negotiations, not least because New Zealand is a major and competitive producer and exporter of agricultural goods. The EU is committed to taking European agricultural sensitivities fully into consideration in its negotiating strategy, seeking to protect vulnerable sectors through specific provisions. In addition to facilitating trade and investment flows between the parties, the FTA would create a level playing field for the EU with other trading partners that have already concluded FTAs with New Zealand. The FTA would also strengthen the EU's position in Asia-Pacific value chains, and help to advance the trade policy interests of the EU in the region. On 13 September 2017, the European Commission presented draft negotiating directives for an FTA with New Zealand. This draft mandate, in line with the EU Court of Justice's recent opinion on the EU-Singapore FTA, covers only areas falling under the EU's exclusive competence. Therefore, the prospective agreement could be concluded by the EU on its own and could be ratified at EU level only. The Commission aims to finalise negotiations before the end of its mandate in late 2019.

Trans-Pacific Partnership: Geopolitical Implications for EU-US Relations

24-06-2016

The Trans-Pacific Partnership (TPP) and the prospective Transatlantic Trade and Investment Partnership (TTIP), if enacted, will reshape trade and investment flows between the United States, Asia, and Europe. Together, these agreements encompass more than 60 % of the global economy, including the leading industrial economies of North America, the European Union and Japan. TPP is the economic anchor of the US ‘pivot’ to Asia. TPP is as much a geopolitical project to reinforce US leadership in Asia ...

The Trans-Pacific Partnership (TPP) and the prospective Transatlantic Trade and Investment Partnership (TTIP), if enacted, will reshape trade and investment flows between the United States, Asia, and Europe. Together, these agreements encompass more than 60 % of the global economy, including the leading industrial economies of North America, the European Union and Japan. TPP is the economic anchor of the US ‘pivot’ to Asia. TPP is as much a geopolitical project to reinforce US leadership in Asia as it is a deal driven by an economic logic of spurring new sources of trade and investment. The EU has concluded or is negotiating a series of bilateral trade and investment agreements, including with Singapore, Vietnam, Australia, Japan, Malaysia, and New Zealand. But Europe as a whole needs to take a more strategic and coherent approach to Asia, beyond commerce and investment ties, and particularly to unify its approach to China. This is a compelling requirement given both China’s enormous economic power and the risks its ascendancy poses to the liberal international order. Beyond the politics around both trade deals, however, lies a conviction among trade liberalisers in both the Atlantic and Pacific theatres that the agreements could provide a positive shock to a global economy badly in need of new engines of growth.

External author

Daniel TWINING? Hans KUNDNANI and Peter SPARDING

The Trans-Pacific Partnership (TPP): Potential regional and global impacts

12-05-2016

On 4 February 2016, the Trans-Pacific Partnership (TPP) agreement was signed by 12 countries: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam. It encompasses about 800 million people, and the participating countries account for roughly a quarter of global trade and approximately 40% of the world's GDP. The TPP – described by US President Barack Obama as 'a regional agreement that will have broad-based membership and the high standards ...

On 4 February 2016, the Trans-Pacific Partnership (TPP) agreement was signed by 12 countries: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam. It encompasses about 800 million people, and the participating countries account for roughly a quarter of global trade and approximately 40% of the world's GDP. The TPP – described by US President Barack Obama as 'a regional agreement that will have broad-based membership and the high standards worthy of a 21st century trade agreement' – provides deeper liberalisation for trade in goods and services and introduces a set of common rules in a number of fields, going beyond current WTO plus commitments in existing free trade agreements. It is highly probable that the TPP, although yet to be ratified, will influence the way that regional free trade agreements, including the Transatlantic Trade and Investment Partnership (TTIP) and the Regional Comprehensive Economic Partnership (RCEP), develop. Alongside China's growing stature and the increase in intraregional economic relations in the Asia-Pacific region, the TPP could adversely affect the interests of the EU. It remains to be seen how quickly the forthcoming ratification and implementation process can be completed, what the ultimate economic significance of the TPP will be, and whether other countries will be able to join the partnership.

Proceedings of the Workshop on "Trade and Economic Relations with Asia"

07-03-2016

This publication consists of the proceedings and of three studies which were presented during the workshop on trade and economic relations with Asia: - Asia as a new global engine: foreign trade and regional cooperation ; - EU external trade strategy vis-à-vis Asia ; - Implementation of the EU-Republic of Korea FTA.

This publication consists of the proceedings and of three studies which were presented during the workshop on trade and economic relations with Asia: - Asia as a new global engine: foreign trade and regional cooperation ; - EU external trade strategy vis-à-vis Asia ; - Implementation of the EU-Republic of Korea FTA.

External author

Alessia AMIGHINI, Elisa BORGHI, Rodolfo HELG and Lucia TAJOLI

High-quality free trade agreements with Australia and New Zealand

15-01-2016

The EU's future free trade agreements (FTAs) with Australia and New Zealand will be based on the strong and longstanding economic relationship between these countries and the Union. Through enhanced market access, trade diversification and full exploitation of export possibilities, these FTAs could help to offset the potential negative impact of trade agreements on the EU, both those being pursued and those which have already been concluded in the Asia-Pacific region.

The EU's future free trade agreements (FTAs) with Australia and New Zealand will be based on the strong and longstanding economic relationship between these countries and the Union. Through enhanced market access, trade diversification and full exploitation of export possibilities, these FTAs could help to offset the potential negative impact of trade agreements on the EU, both those being pursued and those which have already been concluded in the Asia-Pacific region.

International Agreements - Review and Monitoring Clauses: A Rolling Check-List

11-12-2015

This study provides an implementation monitoring tool which allows for a systematic overview of review and monitoring clauses, sunset clauses as well as management and implementation clauses that are included in international agreements concluded between the EU and third countries. As an implementation monitoring tool, this study intends to provide a systematic overview of review and monitoring clauses, sunset clauses as well as management and implementation clauses present in international agreements ...

This study provides an implementation monitoring tool which allows for a systematic overview of review and monitoring clauses, sunset clauses as well as management and implementation clauses that are included in international agreements concluded between the EU and third countries. As an implementation monitoring tool, this study intends to provide a systematic overview of review and monitoring clauses, sunset clauses as well as management and implementation clauses present in international agreements which are concluded between the EU and third countries. While the review and monitoring clauses refer to the process of assessing the implementation of international agreements, the sunset clauses refer to the duration of international agreements. The management and implementation clauses describe the composition of the body in charge of supervising the management of the agreement and eventually define special procedures for the management or implementation of the agreements.

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