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International Agreements in Progress: Modernisation of the trade pillar of the EU-Chile Association Agreement

15-11-2018

In November 2017, the EU and Chile launched negotiations on a modernised trade pillar of the 2002 EU-Chile Association Agreement, based on a Council negotiating mandate which is the first-ever to have been published prior to the start of negotiations with a view to enhancing transparency and inclusiveness. After having operated smoothly for 15 years and led to a significant expansion of bilateral trade in goods and services and investment, the trade pillar needs to be broadened and deepened in order ...

In November 2017, the EU and Chile launched negotiations on a modernised trade pillar of the 2002 EU-Chile Association Agreement, based on a Council negotiating mandate which is the first-ever to have been published prior to the start of negotiations with a view to enhancing transparency and inclusiveness. After having operated smoothly for 15 years and led to a significant expansion of bilateral trade in goods and services and investment, the trade pillar needs to be broadened and deepened in order to unlock untapped potential, break new ground and keep pace with new trade and investment patterns in a global competitive environment that has fundamentally changed with the growing global footprint of countries like China. Against the backdrop of rising protectionist trends, the EU and Chile – two like-minded partners – seek to reassert their commitment to keeping their economies open to trade and investment. Both intend to shape, pioneer and promote state-of-the-art trade(-related) and investment rules of the 21st century, including on trade and sustainable development (TSD), trade and gender equality, and the fight against corruption. Given the large convergence of the EU's and Chile's interests and level of ambition, the negotiations are expected to make rapid progress.

Special purpose vehicle for trade with Iran

13-11-2018

Following the May 2018 announcement of the United States' withdrawal from the 2015 Iran nuclear deal and of the re-imposition of US sanctions on Iran, the EU is continuing to endorse implementation of the agreement, providing Iran fulfils its nuclear-related obligations. The EU is also committed to ensuring that EU-Iran trade and economic relations continue to benefit from the positive impact of lifting the sanctions. The EU has already introduced measures to alleviate the effects of US sanctions ...

Following the May 2018 announcement of the United States' withdrawal from the 2015 Iran nuclear deal and of the re-imposition of US sanctions on Iran, the EU is continuing to endorse implementation of the agreement, providing Iran fulfils its nuclear-related obligations. The EU is also committed to ensuring that EU-Iran trade and economic relations continue to benefit from the positive impact of lifting the sanctions. The EU has already introduced measures to alleviate the effects of US sanctions on European firms, and has announced the creation of a new mechanism, a special purpose vehicle (SPV), to facilitate financial transactions with Iran.

Policy Departments' Monthly Highlights - November 2018

12-11-2018

The Monthly Highlights publication provides an overview, at a glance, of the on-going work of the policy departments, including a selection of the latest and forthcoming publications, and a list of future events.

The Monthly Highlights publication provides an overview, at a glance, of the on-going work of the policy departments, including a selection of the latest and forthcoming publications, and a list of future events.

Norme dell'UE in materia di controllo delle esportazioni di armi

07-11-2018

La posizione comune dell'UE sulle esportazioni di armi è l'unico accordo regionale in materia di esportazioni di armi convenzionali giuridicamente vincolante. Se da un lato la posizione comune ha aumentato la condivisione e delle informazioni e la trasparenza sulle esportazioni di armi degli Stati membri, dall'altro è ancora possibile rafforzare la convergenza delle politiche nazionali e applicare in modo più rigoroso i criteri definiti nel testo dell'UE. In seguito alla pubblicazione, nel febbraio ...

La posizione comune dell'UE sulle esportazioni di armi è l'unico accordo regionale in materia di esportazioni di armi convenzionali giuridicamente vincolante. Se da un lato la posizione comune ha aumentato la condivisione e delle informazioni e la trasparenza sulle esportazioni di armi degli Stati membri, dall'altro è ancora possibile rafforzare la convergenza delle politiche nazionali e applicare in modo più rigoroso i criteri definiti nel testo dell'UE. In seguito alla pubblicazione, nel febbraio 2018, della 19a relazione annuale dell'UE sulle esportazioni di armi, il Parlamento europeo si accinge a discutere una relazione sull'attuazione della posizione comune nel corso della tornata di novembre I.

The Trade Pillar in the EU-Central America Association Agreement

24-10-2018

The EU-Central America Association Agreement was signed in June 2012 and its trade pillar has been provisionally in force since December 2013. This evaluation assesses specifically the implementation of the trade and sustainable development (TSD) chapter of the trade pillar of this agreement during the five years of its operation. After briefly outlining the trade interests of this agreement, this study situates sustainable development by explaining its legal foundations in the Association Agreement ...

The EU-Central America Association Agreement was signed in June 2012 and its trade pillar has been provisionally in force since December 2013. This evaluation assesses specifically the implementation of the trade and sustainable development (TSD) chapter of the trade pillar of this agreement during the five years of its operation. After briefly outlining the trade interests of this agreement, this study situates sustainable development by explaining its legal foundations in the Association Agreement and reviewing the ex-ante impact assessment conclusions on the issue. It then focuses on the monitoring mechanisms of the Association Agreement, including the European Commission annual reports, Parliament's oversight work, the civil society dialogue, and the results of the meetings of the specialised committee and annual Association Committee and Association Council meetings. Through this review it identifies strengths and shortcomings in the implementation of the TSD chapter and ends by suggesting a number of ways to enhance efforts to support sustainable development in Central America.

Canada: Economic indicators and trade with EU

23-10-2018

Canada is looking to diversify its trade partners in order to reduce its dependence on the US business cycle. The Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada entered into force provisionally in September 2017. What goods and services is the EU exporting to Canada? How do the growth rates of Canada and the EU compare over the last decade? Who has a higher female labour market participation rate? How much have the FDI net inflows dropped since the financial crisis? You ...

Canada is looking to diversify its trade partners in order to reduce its dependence on the US business cycle. The Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada entered into force provisionally in September 2017. What goods and services is the EU exporting to Canada? How do the growth rates of Canada and the EU compare over the last decade? Who has a higher female labour market participation rate? How much have the FDI net inflows dropped since the financial crisis? You can find the answers to these and other questions in our infographic, prepared in close cooperation between EPRS and GlobalStat. This is an updated edition of an ‘At a Glance’ note published in February 2017.

Multilateralism in international trade: Reforming the WTO

22-10-2018

Since its establishment in 1995, the World Trade Organization (WTO) has embodied the multilateral trading system. Despite successes in some areas, including the effective settlement of numerous trade disputes and the conclusion of new multilateral trade agreements, the WTO currently faces serious challenges to its legitimacy and its effective functioning. Of particular concern is the US blockage of new appointments to the WTO’s Appellate Body (AB), which fulfils a key role in the WTO dispute settlement ...

Since its establishment in 1995, the World Trade Organization (WTO) has embodied the multilateral trading system. Despite successes in some areas, including the effective settlement of numerous trade disputes and the conclusion of new multilateral trade agreements, the WTO currently faces serious challenges to its legitimacy and its effective functioning. Of particular concern is the US blockage of new appointments to the WTO’s Appellate Body (AB), which fulfils a key role in the WTO dispute settlement system. This impasse could soon paralyse the practical enforcement of multilateral trade rules, which would undermine the rules-based system. In addition, certain countries’ contentious trade practices cannot be addressed under existing WTO rules, and rules on transparency are not fully complied with. The WTO has also had limited success in adding new issues to its trade agenda, and the 2001 Doha round was inconclusive. This has led many countries to pursue their own trade agreements outside the WTO’s multilateral framework. The EU is a key supporter of the multilateral trading system and seeks to address the challenges that the WTO faces. In September 2018, the Commission published a concept paper on WTO reform, in particular in the areas of rule-making, regular work and transparency, and dispute settlement. Other countries have also been working on WTO reform, sometimes together with the EU. A meeting of 13 WTO members, including the EU, to discuss reform proposals is due to take place in Canada on 24 and 25 October 2018. The European Parliament strongly supports the multilateral trading system and has expressed its support for efforts to reform the WTO. Parliament’s International Trade Committee is currently drafting an own-initiative report on the matter. This is a further update of a briefing published in December 2017.

Regulating imports of cultural goods

18-10-2018

Currently, with the exception of two specific measures for Iraq and Syria, there is no EU legislation covering the import of cultural goods from third countries entering the EU. Moreover, the national legislation introduced by some Member States in this area is divergent. By ensuring that imports of cultural goods are subject to uniform controls along all EU external borders, the legislative proposal tabled by the Commission in July 2017 aims to prevent the import and storage in the EU of cultural ...

Currently, with the exception of two specific measures for Iraq and Syria, there is no EU legislation covering the import of cultural goods from third countries entering the EU. Moreover, the national legislation introduced by some Member States in this area is divergent. By ensuring that imports of cultural goods are subject to uniform controls along all EU external borders, the legislative proposal tabled by the Commission in July 2017 aims to prevent the import and storage in the EU of cultural goods illegally removed from a third country, thereby combatting trafficking in cultural goods, depriving terrorists of an income source, and protecting cultural heritage. In the European Parliament, the Committees on International Trade (INTA) and on Internal Market and Consumer Protection (IMCO) adopted a joint report on the proposed legislation on 27 September 2018. The report, which aims to ensure a balance between curbing the illegal import of cultural goods and avoiding a disproportionate burden for licit art market operators and customs authorities, is scheduled for debate in plenary in October. Second edition. The ‘EU Legislation in Progress’ briefings are updated at key stages throughout the legislative procedure.

Importazione di beni culturali

17-10-2018

Attualmente, ad eccezione di due misure specifiche destinate all'Iraq e alla Siria, non esiste alcuna legislazione dell'UE che comprenda l'importazione di beni culturali da paesi terzi verso l'UE. Nel luglio 2017 la Commissione europea ha adottato una proposta legislativa per garantire che i beni culturali importati siano oggetto di un trattamento efficace e uniforme in tutta la UE. Il voto del Parlamento europeo sulla proposta è previsto nel corso della tornata di ottobre II.

Attualmente, ad eccezione di due misure specifiche destinate all'Iraq e alla Siria, non esiste alcuna legislazione dell'UE che comprenda l'importazione di beni culturali da paesi terzi verso l'UE. Nel luglio 2017 la Commissione europea ha adottato una proposta legislativa per garantire che i beni culturali importati siano oggetto di un trattamento efficace e uniforme in tutta la UE. Il voto del Parlamento europeo sulla proposta è previsto nel corso della tornata di ottobre II.

Finding the right balance across EU FTAs: benefits and risks for EU economic sectors

17-10-2018

Globally, anti-trade sentiment is on the rise, meaning it is incumbent upon policymakers to explore and explain the benefits of free and open trade. This study examines the costs and benefits of various free trade agreements (FTAs) that the EU has completed, will complete, or is contemplating. With regard to completed FTAs, the EU has seen benefits in terms of consumer choice but has a much larger and positive impact on its partners (although not as much as ex-ante modelling would suggest). For forthcoming ...

Globally, anti-trade sentiment is on the rise, meaning it is incumbent upon policymakers to explore and explain the benefits of free and open trade. This study examines the costs and benefits of various free trade agreements (FTAs) that the EU has completed, will complete, or is contemplating. With regard to completed FTAs, the EU has seen benefits in terms of consumer choice but has a much larger and positive impact on its partners (although not as much as ex-ante modelling would suggest). For forthcoming or contemplated FTAs, the issue of non-tariff barriers must be considered for FTAs with developed economies to be a success, while comprehensive liberalisation with emerging markets improves trade and other outcomes for both the EU and its partner. Across all FTAs, trade and economic metrics are improved by an agreement while indirect effects (human rights, environment) are less likely to change. We conclude that the EU must continue its focus on comprehensive liberalisation, incorporating NTBs effectively into new agreements, while tempering expectations of influence on human rights.

Autore esterno

Christopher HARTWELL, Veronika MOVCHAN

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