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Using trade policy to tackle climate change

08-10-2019

The recent forest fires in the Amazon highlight the need for greater measures worldwide to attenuate tensions between resource needs, for example mining or grazing, that cause deforestation. European leaders have called for urgent action, including through trade policy. Policy-makers argue, for instance, for leveraging the negotiated European Union (EU)-Mercosur Trade Agreement to achieve compliance with the Paris Agreement. Since the Paris Agreement is binding only in part and aspirational concerning ...

The recent forest fires in the Amazon highlight the need for greater measures worldwide to attenuate tensions between resource needs, for example mining or grazing, that cause deforestation. European leaders have called for urgent action, including through trade policy. Policy-makers argue, for instance, for leveraging the negotiated European Union (EU)-Mercosur Trade Agreement to achieve compliance with the Paris Agreement. Since the Paris Agreement is binding only in part and aspirational concerning national emissions targets, there are calls to resort to trade policy instead.

India: Economic indicators and trade with EU

30-09-2019

At the beginning of the century, the EU and India were growing exactly at the same path: how about today? Who is the main trade partner of India: China or the EU? And would you ever think that the EU exports to India pearls and precious stones more than electronic equipment? And how much is it easy to do business in New Delhi? Find the answers to these and many more questions in our EPRS publication on ‘India: Economic indicators and trade with EU’, part of a series of infographics produced in collaboration ...

At the beginning of the century, the EU and India were growing exactly at the same path: how about today? Who is the main trade partner of India: China or the EU? And would you ever think that the EU exports to India pearls and precious stones more than electronic equipment? And how much is it easy to do business in New Delhi? Find the answers to these and many more questions in our EPRS publication on ‘India: Economic indicators and trade with EU’, part of a series of infographics produced in collaboration with the European University Institute's GlobalStat on the world's main economies. This is an updated edition of an ‘At a Glance’ note published in July 2016.

Free trade or geo-economics? Trends in world trade

27-09-2019

The European Union (EU) is the biggest integrated economic zone and a guarantor of an open and predictable regulatory system able to determine its own economic destiny. But the behaviour of other global powers is increasingly calling this ability into question. China and the United States, especially, do not separate economic interests from geopolitical interests in the same way the EU does and are increasingly trying to gain geopolitical advantage using their economic might. The EU is known as ...

The European Union (EU) is the biggest integrated economic zone and a guarantor of an open and predictable regulatory system able to determine its own economic destiny. But the behaviour of other global powers is increasingly calling this ability into question. China and the United States, especially, do not separate economic interests from geopolitical interests in the same way the EU does and are increasingly trying to gain geopolitical advantage using their economic might. The EU is known as a fierce defender of a multilateral rules - based trade system with free but fair trade as its strategic policy objective. The EU will therefore do its utmost to save a ‘meaningful multilateralism’ by helping to reform the WTO, improve multilateral investment protection and conclude multilateral trade agreements. At the same time, the EU will defend its own interests by negotiating bilateral trade deals and applying trade defence and investment screening where needed. The EU has a strong interest in keeping the use of geo-economic measures manageable and avoid escalation into a trade war.

Hearings of the Commissioners-designate: Phil Hogan – Trade

26-09-2019

This briefing is one in a set looking at the Commissioners-designate and their portfolios as put forward by Commission President-elect Ursula von der Leyen. Each candidate faces a three-hour public hearing, organised by one or more parliamentary committees. After that process, those committees will judge the candidates' suitability for the role based on 'their general competence, European commitment and personal independence', as well as their 'knowledge of their prospective portfolio and their communication ...

This briefing is one in a set looking at the Commissioners-designate and their portfolios as put forward by Commission President-elect Ursula von der Leyen. Each candidate faces a three-hour public hearing, organised by one or more parliamentary committees. After that process, those committees will judge the candidates' suitability for the role based on 'their general competence, European commitment and personal independence', as well as their 'knowledge of their prospective portfolio and their communication skills'. At the end of the hearings process, Parliament votes on the proposed Commission as a bloc, and under the Treaties may only reject the entire College of Commissioners, rather than individual candidates. The Briefing provides an overview of key issues in the portfolio areas, as well as Parliament's activity in the last term in that field. It also includes a brief introduction to the candidate.

Policy Departments' Monthly Highlights - September 2019

16-09-2019

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.

What if Libra disrupted the financial system?

13-09-2019

Facebook’s envisaged cryptocurrency project Libra may enable a way of more connected, digital banking. However, it also triggered a debate around the added value of cryptocurrencies. What would change for banks, businesses and consumers with the new digital currency?

Facebook’s envisaged cryptocurrency project Libra may enable a way of more connected, digital banking. However, it also triggered a debate around the added value of cryptocurrencies. What would change for banks, businesses and consumers with the new digital currency?

International trade [What Think Tanks are thinking]

13-09-2019

The escalating trade conflict between the United States (US) and China has dampened economic growth in the European Union and other regions of the world, analysts say, and poses a further question mark over the continuity of the post-Cold War rules-based order. The EU is seeking to position itself as a defender of the multilateral rules-based system in the context of growing economic nationalism. The EU will need to coordinate closely its trade and climate policies, and think clearly about how best ...

The escalating trade conflict between the United States (US) and China has dampened economic growth in the European Union and other regions of the world, analysts say, and poses a further question mark over the continuity of the post-Cold War rules-based order. The EU is seeking to position itself as a defender of the multilateral rules-based system in the context of growing economic nationalism. The EU will need to coordinate closely its trade and climate policies, and think clearly about how best to defend its economic interests in the challenging new geopolitical environment facing the incoming European Commission. This note offers links to a series of recent commentaries and reports from major international think tanks and research institutes on international trade policy. More reports on trade can be found in a previous edition of 'What Think Tanks are thinking' published in June 2018.

International Agreements in Progress: The trade pillar of the EU-Mercosur Association Agreement

30-08-2019

On 28 June 2019, the European Union (EU) and the four founding members of Mercosur (the 'Southern Common Market') – Argentina, Brazil, Paraguay and Uruguay – reached an 'agreement in principle' on a free trade agreement (FTA) as part of a wider association agreement (AA). However, spurred by massive destruction of the Brazilian Amazon through large-scale forest fires, EU policy-makers and international environmental groups alike have since become increasingly vocal in expressing concerns about the ...

On 28 June 2019, the European Union (EU) and the four founding members of Mercosur (the 'Southern Common Market') – Argentina, Brazil, Paraguay and Uruguay – reached an 'agreement in principle' on a free trade agreement (FTA) as part of a wider association agreement (AA). However, spurred by massive destruction of the Brazilian Amazon through large-scale forest fires, EU policy-makers and international environmental groups alike have since become increasingly vocal in expressing concerns about the deal's potential environmental and climate change implications. EU farmers' associations with defensive interests have fiercely criticised what they have referred to as a 'cars for cows' deal. On the other hand, the deal has been warmly welcomed by EU industry associations and several sub-sectors of EU agriculture with offensive interests. If tariff and non-tariff barriers are eliminated or substantially lowered, the potential for growth in bi-regional trade in goods, services and investment is significant. In addition, the FTA would be a strong signal in favour of the rules-based multilateral trading system and against power politics in trade. After the agreement's legal review and translation, it will be presented to the Council for signature. It will then be submitted to the European Parliament for consent. Once the Council has adopted the decision concluding the agreement, it will be presented to EU Member State parliaments for ratification. First edition. The 'International Agreements in Progress' briefings are updated at key stages throughout the process, from initial discussions through to ratification.

Human rights in EU trade agreements: The human rights clause and its application

08-07-2019

The practice of linking human rights with trade liberalisation has gained ground among many trade partners. Not only the EU, but also other important trade powers, such as the US and Canada, embed human and labour-rights provisions in their new trade agreements. For the EU, this ensues inevitably from the normative vision underlying all of its external policies, as enshrined in the Treaties. Accordingly, the EU has committed to respecting and promoting human rights and democracy through its external ...

The practice of linking human rights with trade liberalisation has gained ground among many trade partners. Not only the EU, but also other important trade powers, such as the US and Canada, embed human and labour-rights provisions in their new trade agreements. For the EU, this ensues inevitably from the normative vision underlying all of its external policies, as enshrined in the Treaties. Accordingly, the EU has committed to respecting and promoting human rights and democracy through its external action. The main mechanism for incorporating human rights into the EU's bilateral agreements consists of an 'essential elements' human rights clause that enables one party to take appropriate measures in case of serious breaches by the other party. The clause, which also covers democratic principles and often the rule of law, is more than just a legal mechanism enabling the unilateral suspension of trade commitments in times of crisis. It enshrines the parties' commitments to human rights and thus puts EU relations with third countries on a solid regulatory base, opening the path to dialogue and cooperation on human rights issues. So far, the EU has clearly preferred a constructive engagement to more restrictive measures, and has not activated the clause to suspend trade preferences under any of its trade agreements. Civil society and the European Parliament have, on the other hand, encouraged the European Commission to use the clause in a more robust way in order to respond to serious breaches of human rights and democratic principles. This briefing focuses exclusively on the EU's bilateral and regional free trade agreements. EU unilateral human and labour rights provisions in trade arrangements are addressed in a separate briefing. A forthcoming EPRS paper will provide more information about labour rights (many of which also form part of the human rights enshrined in international conventions) in EU bilateral agreements.

EU policies – Delivering for citizens: International trade and globalisation

28-06-2019

The European Community was founded on the belief that economic integration leads to peace and economic prosperity. Trade is therefore a fundamental part of the identity of the European Union (EU) today. Given the success of the internal market in fostering the longest period of European peace in modern history, the EU considers itself an example of the benefits of trade, globalisation and economic openness. International trade policy is an exclusive competence of the EU, and with the combined economic ...

The European Community was founded on the belief that economic integration leads to peace and economic prosperity. Trade is therefore a fundamental part of the identity of the European Union (EU) today. Given the success of the internal market in fostering the longest period of European peace in modern history, the EU considers itself an example of the benefits of trade, globalisation and economic openness. International trade policy is an exclusive competence of the EU, and with the combined economic weight of its Member States behind it, the EU is one of the key players in global trade. Yet trade policy is about more than stability and growth for the EU, as it is also used to encourage poor countries to develop, foster international alliances and support fundamental values in the world. A strong partner in the World Trade Organization (WTO), the EU backs an international trading system based on rules rather than might. The benefits of globalisation and international trade have nevertheless been questioned in recent years, including within the EU. This has led it to reinvigorate its trade policy, in particular by presenting a new trade strategy and a reflection paper on harnessing globalisation. The EU's new 'trade for all' strategy addresses criticisms and focuses on making its trade policy more effective, transparent and value-based. In line with this strategy, the EU has pursued ongoing trade negotiations with renewed vigour and launched new trade and investment talks, resulting in state-of-the-art agreements with countries such as Canada and Japan. The EU faces uncertain times due to major shifts in international trade, coming from both the West and the East. In response, it seeks to promote economic openness, standing up for its values and protecting its interests. For example, the EU has retaliated against United States (US) steel tariffs and continues to defend the rules-based international trading order. Contentious trading practices on the part of third countries, including China, have led the EU to modernise its trade defence instruments, prepare a new foreign investment screening mechanism and seek a reform of the WTO. The EU is likely to continue this approach in the coming term, pursuing international cooperation and new agreements, possibly also at a continental level with Africa, and striving to protect its citizens and businesses from economic harm. This is an update of an earlier briefing issued in advance of the 2019 European elections.

Buduća događanja

16-10-2019
State of the Union: The view from regions and cities
Drugo događanje -
EPRS
17-10-2019
What Europe is Thinking: The latest Pew survey of opinion in 14 EU Member States
Drugo događanje -
EPRS

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