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Our infographic provides an insight into the economic performance of Australia and New Zealand compared to the EU, and looks at the trade dynamics between the two blocs. Australia and New Zealand are among the most developed countries in the world. Although the COVID-19 pandemic interrupted economic growth in 2020, GDP per capita quickly recovered and reached all-time highs the following year. While low unemployment rates and stable currencies contribute to economic strength, rising public debt and ...

The European Union’s international trade has suffered from the COVID-19 pandemic, broken supply chains, the growth of protectionism in many regions and, most recently, from Russia’s war on Ukraine. The United States' trade policy towards China, which is aimed at curbing the authoritarian country’s growing power, has exacerbated the fragmentation of trade. The United States has adopted the Inflation Reduction Act, a massive green subsidy programme which analysts and politicians say may lower the competitiveness ...

On 9 December 2022, 20 years after the signature of EU-Chile Association Agreement in 2002, the EU and Chile reached an agreement in principle on a new EU-Chile Advanced Framework Agreement, which comprises modernised trade and political and cooperation pillars. Negotiations were launched to modernise the 2002 Association Agreement, including its trade pillar in November 2017, based on a Council negotiating mandate, which was the first-ever to have been published to enhance transparency and inclusiveness ...

The war in Ukraine has put Europe's dependence on energy imports under the spotlight. The United States (US) has stepped in and pledged to increase its exports of liquefied natural gas (LNG) to Europe. While this helps address the shortfall in energy imports from Russia in the short term, it raises the question as to how far the EU wants to build an energy partnership with the US. Closely intertwined with the energy challenge is the fight against climate change. With the European Union (EU) committing ...

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 global investment gap between high-income and low- and middle-income countries has been widening in recent years, even more so in the aftermath of the double crisis caused by the pandemic and Russia's invasion of Ukraine. This divergence and underfunding are also negatively affecting global connectivity, which requires substantial financial resources for both its expansion and its maintenance. This is important for recovery from the current crisis, as the modern world is based on multifaceted ...

The last regular European Council meeting of 2022 is scheduled to take place on 15 December, and to deal with the main topics of this year: Russia's war of aggression against Ukraine, security and defence, energy and the economy. On Russia's war on Ukraine, EU leaders are likely to reiterate their commitment to political and military support to Ukraine. Energy and the economy are purposely due to be dealt with together, to contain the discussion and to avoid a debate on setting up additional EU funding ...

Our infographic provides an insight to the uneven economic development of Mercosur countries and to the dynamics of EU-Mercosur trade relations in the past 15 years. Smaller economies like Paraguay and Uruguay seemed to be more resilient to economic hardships than their bigger neighbours, both in terms of GDP growth and unemployment. Although trade of goods between the EU and Mercosur countries have quickly recovered by 2021 after the Covid-19 pandemic, it has still not reached peak levels that had ...

The EU's relations with China are changing rapidly. What priorities, choices, challenges and opportunities might emerge for the EU in its dealings with China over the next decade? This study presents the results of an expert survey on the future of EU-China relations. 171 China observers took part, drawn from among European think tanks, EU institutions and a China-focused European youth network. A synthesis of the responses reflects the considerations, insights and advice of Europe's China knowledge ...

Trade-related policy options of a ban on forced labour products

Задълбочен анализ 25-11-2022

This in-depth analysis explores how EU trade policy tools can effectively tackle the import and circulation of forced labour products in the European single market in order to help implement the Commission’s decent work worldwide initiative. The report compares the option of an EU import ban on forced labour goods to the option of prohibiting the marketing of such products, in light of the Commission’s proposal for a Regulation on prohibiting products made with forced labour on the Union market published ...