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In nominal terms, Poland is the fourth biggest beneficiary of the Recovery and Resilience Facility (RRF), after Italy, Spain and France . EU support for implementing Poland's National Recovery and Resilience Plan (NRRP) – Krajowy Plan Odbudowy – amounts to €35.36 billion, and includes €23.85 billion in grants and €11.51 billion in loans (a third of the maximum amount of loans available) . The total allocation (grants and loans) has to be paid out to Poland by the end of 2026; this amount represents ...

The EU-US Trade and Technology Council (TTC) was formally launched during the EU-US Summit in June 2021 to intensify transatlantic cooperation, expand bilateral trade and investment, and reinforce the parties' technological and industrial leadership. Another aim is to ensure that trade and technology serve society and economy while preserving shared values. The TTC has held two high-level political meetings, in September 2021 in Pittsburgh and in May 2022 in Paris-Saclay. These meetings steer cooperation ...

The 48th G7 Summit took place at Schloss Elmau, Germany, on 26-28 June 2022. Russia's war on Ukraine has heavily affected the G7's deliberations this year and created pressing new global challenges that were discussed both in the preparatory meetings and at the summit itself. The resulting communiqué focuses on supporting Ukraine, on reducing the impact of the war on the global economy, security of supply and prices of energy and food, climate challenges and the new G7 partnership for infrastructure ...

Public financing of enterprises, which has been on the rise globally, can have a distortive effect on competitive markets. In response to this trend, in May 2021 the European Commission published a proposal for a regulation to tackle foreign subsidies with a distortive effect on the EU single market. It would enable the Commission to investigate subsidies granted by non-EU public authorities to companies operating on the single market, and to apply countervailing measures, should these subsidies ...

Proposed anti-coercion instrument

Briefing 16-06-2022

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 aims. 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 international procurement instrument (IPI), first proposed in 2012 (proposal revised in 2016), is designed to facilitate reciprocal opening of procurement markets in non-EU (third) countries. It is intended to be deployed when a third country closes its public procurement markets to EU bidders. Tenderers from such countries could subsequently be subject to measures lowering their chances of successfully bidding in the EU, and could even be excluded from public procurement procedures altogether ...

The United States imposed a battery of sanctions and multilateral measures on Russia following its invasion of Ukraine, while also providing Ukraine and its EU neighbours with military, economic and humanitarian aid.

Russia is a major global commodity producer and exporter. The country's invasion of Ukraine has already pushed commodity prices to historically high levels, and could also lead to commodity shortages. This situation may cause considerable economic damage, with far-reaching consequences for EU industry.

Government procurement forms an important part of national economies. The EU has opened up its public procurement markets to third countries to a large degree, while many other economies have had limited appetite to liberalise market access. In 2012, the European Commission tabled a proposal for an international procurement instrument (IPI). The IPI would give the EU leverage in negotiating the reciprocal opening of public procurement markets in third countries. The Commission revised the proposal ...

The growing importance of global supply chains has fundamentally changed the way the global economy and goods manufacturing are organised. While trade conducted through global supply chains has fallen somewhat as a share of total trade since the 2008-2010 global financial and economic crisis, more than two-thirds of international trade still involves transactions made possible by such chains. The EU is profoundly involved in these production chains, more so than most other countries, and significantly ...