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Our infographic provides an insight into the economic performance of Australia and New Zealand compared to the EU, and looks at the trade dynamics between the two blocs. Australia and New Zealand are among the most developed countries in the world. Although the COVID-19 pandemic interrupted economic growth in 2020, GDP per capita quickly recovered and reached all-time highs the following year. While low unemployment rates and stable currencies contribute to economic strength, rising public debt and ...

Croatia's National Recovery and Resilience Plan (NRRP) is an ambitious outline of reforms and investment designed to mitigate the pandemic's socio-economic fallout. Compared with the size of its economy, Croatia is the largest recipient of Recovery and Resilience Facility (RRF) funds, with a total financial allocation of €6 295 million, or 11.6 % of the country's gross domestic product (GDP). The allocation corresponds to 0.9 % of the total RRF volume, and is entirely grant-based. In June 2022, the ...

The crypto-asset sector, while still relatively new, has already changed the world of payments and investment forever. The fast-changing, mobile nature of the sector and its growing market prominence poses challenges, however, for tax authorities, which are not always able to track the capital gains made from trading crypto-assets. On 8 December 2022, the European Commission proposed to set up a reporting framework which would require crypto-asset service providers to report transactions made by ...

To align regulations and policies with the legally binding goals – delivering, by 2030, a 55 % net greenhouse gas emissions reduction compared to 1990, and reaching climate neutrality in Europe by 2050 – on 14 July the European Commission presented its first proposals under the 'fit for 55' package. One of these proposals involves amending Regulation (EU) 2018/841 on emissions and removals from land use, land-use change and forestry (the LULUCF Regulation). Among the main changes envisaged are to ...

Changing defence posture in Japan

Pārskats 26-01-2023

In December 2022, Japan announced important changes to its defence policy, including a strong rise in its defence expenditure in the period up to 2027. Although Japan had already introduced some changes to its foreign policy-making process under late Prime Minister Abe, the new security and defence strategies, together with the planned strong rise in defence spending – if implemented – would constitute the most drastic changes to Japan's post-war order since at least 1960 (US-Japan Security Treaty ...

Spain's National Recovery and Resilience Plan (NRRP) is one of the biggest financed by the Next Generation EU (NGEU) recovery instrument. It contains the largest amount, in terms of grants, under the unprecedented EU response to the crisis caused by the coronavirus pandemic. Spain's national allocation for grants under the Recovery and Resilience Facility (RRF) amounts to €69.5 billion and represents 9.6 % of the entire RRF, or 5.6 % of the country's gross domestic product (GDP) in 2019 (the RRF ...

On 30 November 2022, 12 years after the adoption of the first strategy on the EU's role in global health in 2010, the European Commission unveiled the EU global health strategy with the overarching goal of improving global health security and ensuring better health for all. The document takes stock of lessons learnt from the pandemic and guides EU action in an evolving landscape of threats and opportunities, including towards reasserting responsibility for attainment of the United Nations Sustainable ...

On 18 October 2022, the European Parliament's rapporteur put forward a draft report on the Commission's proposal for a regulation on geographical indications for wine, spirit drinks and agricultural products, while the discussions continue in the Council on the working party level. The proposal, which the Commission adopted on 31 March 2022, would bring under a single legal document the provisions on the procedures for registering geographical indications (GIs) for wine, spirit drinks and agricultural ...

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

The highlights of the January I 2023 plenary session were debates on the conclusions of the European Council meeting of 15 December 2022 and the presentation of activities planned under the Swedish Presidency of the Council of the European Union. The session opened with a ceremony marking the 30th anniversary of the single market, followed by a debate with the Council and Commission on the matter. Debates were held on the surge of respiratory infections and the shortage of medication in Europe; on ...