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Resulta(a)t(en) : 119

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Balanced and fairer world trade defence: EU, US and WTO perspectives EN

29-05-2019 PE 603.480 INTA
Samenvatting : This workshop of the Committee on International Trade discussed recent developments in trade defence legislation and practice from the perspectives of the EU, the USA and the WTO. A set of trade defence rules have been agreed in the framework of the World Trade Organisation (WTO), in particular on anti-dumping, anti-subsidies and safeguards. The WTO also provides a dispute settlement system for cases brought forward by its members. The EU has recently adopted two sets of new legislation on Trade Defence Instruments (TDI), known as ‘TDI methodology’ and ‘TDI modernisation’. These new rules aim at enhancing the EU’s trade defence, without deviating from its commitment to an open economic environment set in an international rules based order. The US has its own rules and practice for trade defence and continues to distinguish between countries having a market economy and those who don’t - a difference abandoned by the EU in its latest reform. Moreover, the Trump Administration has imposed many new tariffs on foreign imports, often based on the national security exception provided by the WTO - a justification contested by most of the countries targeted. Furthermore, the US expressed concerns about the system of dispute settlement in the WTO, blocking nominations to its Appellate Body. Experts gave their views on whether all these recent developments are contributing to an international trade defence regime that is ‘fair’ and ‘balanced’, taking into account the different perspectives.
Indieners : Erdal YALCIN, Hannes WELGE, André SAPIR, Petros C. MAVROIDIS

Trade negotiations with Australia and New Zealand EN

03-05-2019 PE 603.479 INTA
Samenvatting : This study explores the context and potential of the FTA negotiations between the EU and Australia and New Zealand. Through an analysis of the status quo, as well as several academic and policy analyses, it highlights the main opportunities for the EU from the negotiations, as well as potential threats and obstacles to agreement. The study explores in detail the likely impacts of market opening on trade in goods and services, as well as the potential in other key areas, including public procurement and investment. It also highlights the current architecture of FTAs which Australia and New Zealand have established, especially the very recent Comprehensive and Progressive Trans Pacific Partnership (CPTPP), to which both are party. It explores how these agreements impact on the EU’s competitiveness in the Australian and New Zealand markets and how FTAs could be leveraged to improve EU integration with these partners and their broader region. The study also considers how trade and sustainable development (TSD) can be effectively integrated into the agreements, in line with the objectives of the EU’s ‘Trade for All’ strategy. Finally, several potential wider, more political impacts of the FTAs are underlined.
Indieners : Louise CURRAN

EU investment protection after the ECJ Opinion on Singapore: Questions of competence and coherence EN

25-03-2019 PE 603.476 INTA
Samenvatting : Investment protection continues to be a controversial issue, as shown in particular during the negotiations on the EU-US Transatlantic Trade and Investment Partnership (TTIP) and the EU-Canada Comprehensive Economic and Trade Agreement (CETA). To address stakeholder concerns, the EU has moved from traditional investor-state dispute settlement arrangements towards introducing bilateral investment court systems in new agreements and pursuing the goal of establishing a permanent multilateral investment court. At the same time, the European Court of Justice defined the limits of the Union’s exclusive competence in its opinion of 16 May 2017 with regard to the EU-Singapore Free Trade Agreement (FTA), which has led to the splitting of new FTAs into two parts, treating investment protection separately. Adding to the complex picture, a plethora of EU Member States’ bilateral investment treaties also remain in place. The workshop held by the Committee on International Trade took stock of existing EU investment protection provisions and analysed the options for a coherent and predictable dispute settlement system in line with the EU Treaties.
Indieners : Prof. Dr. Steffen HINDELANG, LL.M., Department of Law, University of Southern Denmark, and Dr. Jurgita BAUR, Germany; and Prof. Dr. Stephan SCHILL, LL.M., Amsterdam Center for International Law, University of Amsterdam, the Netherlands

Parliamentary scrutiny of trade policies across the western world EN

25-03-2019 PE 603.477 AFCO AFET INTA
Samenvatting : The Lisbon Treaty increased the European Parliament’s powers over EU trade policy. Ten years after its entry into force it is timely to take stock of how the EP has made use of this leverage in shaping the EU’s trade negotiations. Such an exercise benefits from a comparison with other well-established parliamentary democracies, particularly the key partners with whom the EU has recently negotiated or has started to negotiate a comprehensive trade agreement. This study compares parliamentary scrutiny of trade policy in the EU with the United States, Canada and Australia. It concludes that the European Parliament has become powerful and active in trade policy, on a comparable level to the US Congress. Its powers exceed those of other Western democracies, such as Australia and Canada. From the latter the European Parliament may conclude that it is important to codify some of its informal oversight practices, before they may get lost over time again. This may also help to encourage its trading partners to increase their parliamentary involvement during negotiations with the EU. As regards the implementation of trade agreements however, the EU has very few competences in comparison to all other three countries analysed.
Indieners : Bart KERREMANS, Johan ADRIAENSEN, Francesca COLLI, Evelyn COREMANS

Policy Departments' Monthly Highlights - January 2019 EN

14-01-2019 PE 629.830 CONT ECON TRAN PETI INTA
Kort overzicht
Samenvatting : 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.

Policy Departments' Monthly Highlights - November 2018 EN

12-11-2018 PE 618.980 BUDG CULT EMPL JURI INTA
Kort overzicht
Samenvatting : 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.

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

17-10-2018 PE 603.881 INTA
Samenvatting : 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.
Indieners : Christopher HARTWELL, Veronika MOVCHAN

Consequences of US trade policy on EU-US trade relations and the global trading system EN

17-10-2018 PE 603.882 AFET IMCO INTA
Samenvatting : The Trump Administration’s trade policy is driven by the belief that previous Administrations have let other countries take advantage of the United States for foreign policy reasons, as demonstrated by America’s more open trade regime and its trade deficits. It is determined to end this perceived imbalance by demanding reciprocity instead, and is willing to use tough tactics to achieve this through strict enforcement of its procurement and trade defense law; expansive tax provisions; bringing the WTO dispute settlement to a halt; withdrawing from and forcing others to renegotiate existing bilateral and multilateral agreements; adopting a novel “national security” argument to justify breaking WTO tariff commitments for steel, aluminum and possibly autos; and enacting punitive tariffs on billions of dollars of imports from China, possibly threatening a trade war. The scenarios for U.S.-EU trade relations as well as the global trading system are anything but rosy. The EU can stand up to the Administration’s “bullying,” or it can take advantage of America’s need for a “re-balancing” to build its own stature by taking simple steps to improve EU-U.S. trade, forging a way forward in the WTO, and providing necessary leadership to address the dangers China’s economic system poses to the global trading order.
Indieners : Peter CHASE, Peter SPARDING, Yuki MUKAI

The EU - Japan Economic Partnership Agreement EN

28-09-2018 PE 603.880 INTA
Samenvatting : This report independently assesses the EU-Japan Economic Partnership Agreement. We find that the EPA establishes an ambitious framework to further liberalise and better organise trade, covering goods, services, intellectual property and investment, tariff- and non-tariff measures, and regulatory cooperation. Given its depth and breadth, and that it is unprecedented in including provisions on corporate governance, SMEs, and climate change, the EPA is set to become a benchmark for future trade agreements. Joining two open economies with high income levels and regulatory standards, the agreement is expected to generate benefits by boosting trade within sectors, minimising sectoral relocation and negative employment effects. Agri-food, textiles and leather products are where the EU can expect to make the greatest gains. Furthermore, the EPA will boost the EU’s economic presence and political relevance in the Asia-Pacific area. Going beyond its economic benefits, the agreement also has significant non-economic implications. Reinforced cooperation will enhance the ability of both parties to shape the course of global developments in a manner that better reflects their shared interests and values, such as their commitment to a rule-based global trade system and the fight against global warming.
Indieners : Sonali CHOWDHRY, Marie Curie Visiting Fellow; André SAPIR, Senior Fellow; Alessio TERZI, Affiliate Fellow

Policy Departments' Monthly Highlights - September 2018 EN

Kort overzicht
Samenvatting : 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.