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Following the entry into force of the EU-UK Trade Cooperation Agreement (TCA) in 2021, and the withdrawal of the United Kingdom from the EU customs union, the trading of goods between the parties has become more burdensome. This has been manifested in trade figures, with UK imports to and exports from the EU both shrinking after Brexit. This year marks another phase in the introduction of administrative burdens on trade – in the form of additional customs rules and checks when exporting goods, particularly ...

EU-Chile agreements

Накратко 21-02-2024

On 13 December 2023, the EU and Chile signed an advanced framework agreement (AFA) with a view to modernising and replacing the 2002 association agreement which currently governs their relations. During its February II plenary session, the European Parliament will decide on whether to consent to the EU's conclusion of the AFA, which has two parts: i) political dialogue and cooperation; and ii) trade and investment. As the AFA falls under shared competence, ratification by each EU Member State is ...

EPRS invites leading experts and commentators to share their thinking and insights on important topics of relevance to debate in the European institutions. In this paper, Bruce Stokes, visiting senior fellow at the German Marshall Fund of the United States, and associate fellow at Chatham House, offers an overview of US-EU relations since the passage of the US Inflation Reduction Act in 2022. This paper is based on the author's interviews with leading European and US experts and published analysis ...

On 9 December 2022, 20 years after the signature of the 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 ...

On 18 December 2023, the EU and Kenya signed an economic partnership agreement (EPA). The European Parliament has to give its consent for it to enter fully into force. The EU Kenya EPA will immediately provide duty-free, quota-free EU market access to all exports from Kenya, combined with a partial and gradual opening of the Kenyan market to imports from the EU. The text of the agreement includes binding provisions on trade and sustainable development, and a transparent dispute resolution mechanism ...

The EU and the UK are key automotive trading partners. After the UK left the EU, the two parties concluded a Trade and Cooperation Agreement, committing them among other things to a progressive increase in the EU and UK content in the electric vehicles (EVs) and EV batteries they trade, to avoid tariffs. As the European EV batteries sector is not sufficiently developed, the parties have agreed to extend the current rules until 2027.

The World Trade Organization (WTO) will hold its 13th Ministerial Conference (MC13) in Abu Dhabi from 26 to 29 February 2024. Priority items on the MC13 agenda are likely to include the reform of the WTO's dispute settlement function; new disciplines to eliminate fisheries subsidies that encourage overfishing and overcapacity, to complement the multilateral Agreement on Fisheries Subsidies adopted at MC12 in June 2022 and currently under ratification; the integration of the plurilateral Investment ...

This infographic examines some economic differences and similarities among countries of the Gulf region and the EU, like GDP growth, GDP per capita and female labour force participation rate. In terms of trade, the Gulf region stands already as an important source of oil and gas for the EU, these products contributing almost two-third of total imports of the latter from the Gulf region.

The EU's digital trade policy

Briefing 25-01-2024

Digital trade has become a key element in the EU's trade policy. Every modern trade agreement that the EU has concluded contains a dedicated digital trade chapter. The digital trade provisions in EU trade agreements have evolved over time, which reflects the increasing role digital trade plays today in the world economy. While there is no clear measurement of digital trade yet, the OECD estimates nevertheless that digital trade represents around 25 % (in 2020) of total trade. The EU, as the world's ...

Европейският съюз и неговите търговски партньори

Информационни фишове за ЕC 18-01-2024

С течение на годините ЕС намалява производството на трудоемки продукти с ниска себестойност, за да се специализира в маркови стоки с по-висока себестойност. Поради отворената икономика на ЕС търговията е от съществено значение за него. За да преодолее пречките пред търговията и да създаде равнопоставени условия за своите предприятия, Съюзът договаря редица споразумения за свободна търговия (ССТ). ЕС също така е основател на Световната търговска организация (СТО) и ключов участник в нея.