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Romania's national recovery and resilience plan (NRRP) represents an ambitious agenda of reforms and investment aimed at mitigating the socio-economic effects of the COVID-19, energy and cost-of-living crises. The amended plan – approved by the Council on 8 December 2023 – amounts to €28.5 billion or 12.8 % of the country's 2019 gross domestic product (GDP). This includes the Recovery and Resilience Facility (RRF) grants of €12.1 billion (cut by 14.9 % following the June 2022 revision of the allocation ...

EU anti-coercion instrument

Briefing 14-03-2024

It is widely held that geopolitical tensions in the world are on the rise. One of the clear indicators of this phenomenon is the increasing use of economic tools for the pursuit of strategic and geopolitical goals. This can take the form of coercion used by one country against another through restrictions on trade or investment in order to interfere with their sovereign choices. In response to the EU and its Member States becoming the target of deliberate economic coercion in recent years, on 8 December ...

The Construction Products Regulation (Regulation (EU) No 305/2011, CPR) has applied fully since 1 July 2013. Its objective is to achieve the proper functioning of the internal market for construction products (such as waterproofing sheets, thermal insulation foams, chimneys and wood-based panels for permanent incorporation in construction works), by means of harmonised rules for their marketing in the EU. The CPR, which provides a common technical language to assess the performance of construction ...

This report analyses the options under international law for the confiscation of Russian state assets to support Ukraine's reconstruction. It focuses on Russian Central Bank assets, US$300 billion of which are frozen in various jurisdictions. The report considers four avenues for overcoming Russia's immunity from enforcement: avoidance of immunity through purely executive or legislative action; justification for the breach of international law on the grounds that it is a countermeasure; evolution ...

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 ...

In 2016, with unprecedented numbers of irregular migrants and asylum-seekers arriving in the EU, the European Commission proposed a package of reforms to the common European asylum system (CEAS). In June 2018, a broad provisional agreement was reached between the European Parliament and the presidency of the Council of the EU on several of the reform proposals. However, the agreement did not get the necessary support from the Member States. The reform stalled owing to persistent disagreements among ...

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 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 ...

Prompted by the pandemic and the resulting crisis, the EU set up a recovery instrument – Next Generation EU (NGEU) – to help Member States address the downturn. NGEU's main funding tool – the Recovery and Resilience Facility (RRF) – has made available €723 billion in grants and loans to EU Member States for reform and investment in six priority areas, addressing common challenges. Focusing on the RRF's social dimension, this briefing looks at how the facility is helping not only to address the direct ...

Sanctions are an essential tool to safeguard EU values and interests, but how can the EU enforce them and protect its budget in the process? With a particular focus on the EU-Russia sanctions, this work-shop looked at the issue from various perspectives, including trade sanctions, criminalising sanctions circumvention, asset freezing and tracing final beneficiaries of EU funds.