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Australia: Economic indicators and trade with EU

24-02-2020

Australia was the world's 13th largest economy in 2018, with growth in gross domestic product (GDP) at 2.9 %. It has a strong and dynamic relationship with the EU. Negotiations for a free trade agreement between Australia and the EU were formally launched in June 2018. In 2018, Australia was the EU's 19th largest trading partner, with a 1.2% share of the EU's total trade. Further information on EU-Australia trade relations, such as the composition of trade between the two partners, can be found in ...

Australia was the world's 13th largest economy in 2018, with growth in gross domestic product (GDP) at 2.9 %. It has a strong and dynamic relationship with the EU. Negotiations for a free trade agreement between Australia and the EU were formally launched in June 2018. In 2018, Australia was the EU's 19th largest trading partner, with a 1.2% share of the EU's total trade. Further information on EU-Australia trade relations, such as the composition of trade between the two partners, can be found in this infographic, which also provides an economic snapshot of Australia.

Strengthening market surveillance of harmonised industrial products

29-07-2019

Harmonised products represent 69 % of the overall value of industrial products in the internal market. However, a significant part of these products does not comply with harmonised EU rules. This has negative effects on the health and safety of consumers, and on fair competition between businesses. To remedy the situation, in 2017 the Commission proposed to strengthen market surveillance rules for non-food products harmonised by EU legislation. Parliament and Council reached a provisional agreement ...

Harmonised products represent 69 % of the overall value of industrial products in the internal market. However, a significant part of these products does not comply with harmonised EU rules. This has negative effects on the health and safety of consumers, and on fair competition between businesses. To remedy the situation, in 2017 the Commission proposed to strengthen market surveillance rules for non-food products harmonised by EU legislation. Parliament and Council reached a provisional agreement on the proposal in February 2019. The new regulation was signed on 20 June and published in the Official Journal on 25 June 2019, applying in full from July 2021. It aims to increase EU-level coordination of market surveillance and clarify the procedures for the mutual assistance mechanism. Non-EU manufacturers of products that could cause an elevated level of risk to public interest will have to designate an importer, an authorised representative or a fulfilment service provider established in the EU. Fifth edition. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.

Regulating imports of cultural goods

28-06-2019

Until now, with the exception of two specific measures for Iraq and Syria, there has been no EU legislation covering the import of cultural goods from non-EU countries entering the EU. By ensuring that these imports are subject to uniform controls along all EU external borders, the new regulation aims to prevent the introduction, import and storage in the EU of cultural goods illegally removed from a third country, thereby protecting cultural heritage and combatting illegal trade, in particular where ...

Until now, with the exception of two specific measures for Iraq and Syria, there has been no EU legislation covering the import of cultural goods from non-EU countries entering the EU. By ensuring that these imports are subject to uniform controls along all EU external borders, the new regulation aims to prevent the introduction, import and storage in the EU of cultural goods illegally removed from a third country, thereby protecting cultural heritage and combatting illegal trade, in particular where it may serve as an income source for terrorist groups. Both Parliament and Council agreed positions on the Commission’ proposal in autumn 2018, and reached an agreement in trilogue negotiations in December that year. Adopted by both institutions in spring 2019, the new regulation lays down the conditions for the introduction, as well as the conditions and procedures for the import, of cultural goods from third countries. The regulation does not apply to cultural goods that have been created or discovered in the EU. To focus the measures established by the regulation on the goods considered most at risk of pillage in conflict areas and to avoid a disproportionate burden for licit trade, the new legislative act introduces age and value thresholds for certain goods categories. The regulation will apply at the latest six years after it comes into force, i.e. from June 2025. Third edition. The ‘EU Legislation in Progress’ briefings are updated at key stages throughout the legislative procedure.

Common rules for gas pipelines entering the EU internal market

27-05-2019

In November 2017, the European Commission adopted a legislative proposal to fully apply key provisions of the 2009 Gas Directive to gas pipelines between the European Union (EU) and third countries. Member States would need to cooperate with third countries to ensure full compliance with EU rules. The revised directive was seen by many observers as a part of the broader EU response to the Gazprom-led Nord Stream 2 project, which the European Commission publicly opposes. The Parliament adopted its ...

In November 2017, the European Commission adopted a legislative proposal to fully apply key provisions of the 2009 Gas Directive to gas pipelines between the European Union (EU) and third countries. Member States would need to cooperate with third countries to ensure full compliance with EU rules. The revised directive was seen by many observers as a part of the broader EU response to the Gazprom-led Nord Stream 2 project, which the European Commission publicly opposes. The Parliament adopted its position on the gas directive in plenary on April 2018, whereas the Council adopted its general approach on 8 February 2019. This was swiftly followed by a single trilogue meeting on 12 February 2019 at which the EU institutions reached a provisional agreement. The agreed text was later formally adopted by Parliament and Council, and entered into force on 23 May 2019. Fourth edition. The ‘EU Legislation in Progress’ briefings are updated at key stages throughout the legislative procedure.

Understanding trade balances

08-02-2019

Trade policy discourse on both sides of the Atlantic has recently focused on trade deficits and surpluses. In the United States (US), President Donald Trump has routinely referred to the US trade deficit as a central indicator of the country's economic woes and made its reduction a key objective of US trade policy. In Europe, the world's largest trade surplus, run by Germany, has come under scrutiny. However, focusing on trade balances of exports and imports can be misleading in the trade policy ...

Trade policy discourse on both sides of the Atlantic has recently focused on trade deficits and surpluses. In the United States (US), President Donald Trump has routinely referred to the US trade deficit as a central indicator of the country's economic woes and made its reduction a key objective of US trade policy. In Europe, the world's largest trade surplus, run by Germany, has come under scrutiny. However, focusing on trade balances of exports and imports can be misleading in the trade policy context. Trade balances need to be considered as an integral part of a larger whole, the balance of payments of an economy. The imposition of specific trade policy measures, such as unilateral tariffs, cannot be expected to improve a trade balance significantly.

Plenary round-up – Strasbourg, October II 2018

26-10-2018

The highlights of the October II plenary session were the debate on the conclusions of the European Council meeting on 17 and 18 October 2018 and the presentation of the European Commission’s 2019 work programme, the last of the current legislature. Parliament also held debates on the use of Facebook users' data by Cambridge Analytica and its impact on data protection, and the Cum-Ex trading scandal. The series of debates on the Future of Europe continued, this time with Klaus Iohannis, President ...

The highlights of the October II plenary session were the debate on the conclusions of the European Council meeting on 17 and 18 October 2018 and the presentation of the European Commission’s 2019 work programme, the last of the current legislature. Parliament also held debates on the use of Facebook users' data by Cambridge Analytica and its impact on data protection, and the Cum-Ex trading scandal. The series of debates on the Future of Europe continued, this time with Klaus Iohannis, President of Romania, urging European unity. Parliament voted on legislative proposals, inter alia, on drinking water; marine litter; the Schengen Information System; import of cultural goods; veterinary medicinal products; charging of heavy goods vehicles; and energy-efficient road transport vehicles. Members also adopted Parliament's position on the EU general budget for 2019 and declined to grant discharge for the 2016 budget to the European Council and Council.

Import of cultural goods

17-10-2018

Currently, with the exception of two specific measures for Iraq and Syria, there is no EU legislation covering the import of cultural goods from third countries entering the EU. In July 2017, the European Commission adopted a legislative proposal to ensure that imported cultural goods are subject to effective and uniform treatment throughout the EU. The European Parliament is expected to vote on the proposal during its October II plenary session.

Currently, with the exception of two specific measures for Iraq and Syria, there is no EU legislation covering the import of cultural goods from third countries entering the EU. In July 2017, the European Commission adopted a legislative proposal to ensure that imported cultural goods are subject to effective and uniform treatment throughout the EU. The European Parliament is expected to vote on the proposal during its October II plenary session.

Union Customs Code

26-09-2018

The study examines whether the Union Customs Code is being properly implemented for the benefit of the European consumers, businesses and EU budget. It covers the complex legislative and administrative framework of the UCC and its governance structure. It assesses the impact of the transitional measures attached to the UCC. It moreover addresses the specific challenges raised in the area of E-Commerce.

The study examines whether the Union Customs Code is being properly implemented for the benefit of the European consumers, businesses and EU budget. It covers the complex legislative and administrative framework of the UCC and its governance structure. It assesses the impact of the transitional measures attached to the UCC. It moreover addresses the specific challenges raised in the area of E-Commerce.

Modernising trade defence instruments

03-07-2018

Trade defence instruments (TDIs) play a vital role in countering unfair trade practices from third countries and in levelling the playing field for EU companies, notably in times of mounting global overcapacity in a number of sectors. In April 2013, the Commission adopted a proposal to modernise the EU's basic Anti dumping and Anti-subsidy (AD/AS) Regulations. The reform was intended to enhance the transparency and predictability of investigations and increase the effectiveness and enforcement of ...

Trade defence instruments (TDIs) play a vital role in countering unfair trade practices from third countries and in levelling the playing field for EU companies, notably in times of mounting global overcapacity in a number of sectors. In April 2013, the Commission adopted a proposal to modernise the EU's basic Anti dumping and Anti-subsidy (AD/AS) Regulations. The reform was intended to enhance the transparency and predictability of investigations and increase the effectiveness and enforcement of AD/AS measures. Parliament adopted its position on the proposal in 2014, but the procedure was deadlocked in the Council until November 2016. Following interinstitutional negotiations, a political agreement was achieved in December 2017. After the Council’s adoption of its first-reading position in April 2018, the text was formally adopted by Parliament in May 2018. In 2016, the legislative procedure on the reform of the methodology for calculating AD duties was launched as a second pillar of the TDI reform. See also our 'EU Legislation in progress' briefing on that proposal: Protection from dumped and subsidised imports. Second edition. The ‘EU Legislation in Progress’ briefings are updated at key stages throughout the legislative procedure.

Modernising trade defence instruments

23-05-2018

Dumping and subsidising of exports by third countries are unfair trade practices that may cause injury to the importing country. World trade Organization (WTO) law allows to counter such injury by imposing specific duties known as trade defence instruments (TDIs). To ensure EU TDIs are appropriate to tackle new challenges to international trade, such as raw-material distortions in exporting countries, the Commission proposed to modernise the EU's basic Anti-Dumping (AD) and Anti-Subsidy (AS) Regulations ...

Dumping and subsidising of exports by third countries are unfair trade practices that may cause injury to the importing country. World trade Organization (WTO) law allows to counter such injury by imposing specific duties known as trade defence instruments (TDIs). To ensure EU TDIs are appropriate to tackle new challenges to international trade, such as raw-material distortions in exporting countries, the Commission proposed to modernise the EU's basic Anti-Dumping (AD) and Anti-Subsidy (AS) Regulations. Parliament is due to vote during its May II plenary session on the early second-reading agreement reached in trilogue negotiations.

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