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Indonesia: Economic indicators and trade with EU

19-12-2019

Which economy grew faster over the past 15 years – the EU or Indonesia? How many Indonesian women have a job, and what is the unemployment rate? Which country is Indonesia's biggest trading partner? What kind of products does the EU import from Indonesia? How does Indonesia compare with the global average in terms of human development, income inequality and corruption? You can find the answers to these and other questions in our EPRS publication on Indonesia: economic indicators and trade with EU ...

Which economy grew faster over the past 15 years – the EU or Indonesia? How many Indonesian women have a job, and what is the unemployment rate? Which country is Indonesia's biggest trading partner? What kind of products does the EU import from Indonesia? How does Indonesia compare with the global average in terms of human development, income inequality and corruption? You can find the answers to these and other questions in our EPRS publication on Indonesia: economic indicators and trade with EU, one of a series of infographics on the world's main economies produced in collaboration with the European University Institute's GlobalStat.

A new era in EU-China relations: more wide-ranging strategic cooperation?

19-07-2018

China is an important strategic partner for the EU, despite fundamental divergences in some areas, mostly related to state intervention and fundamental human rights. The partnership offers mutually beneficial cooperation and dialogue in areas ranging from investment and transport to human rights and cybersecurity. China is navigating in new directions, guided by Xi Jinping's 'Thought on Socialism with Chinese Characteristics for a New Era’. Despite President Xi’s repeated avowals that 'the market ...

China is an important strategic partner for the EU, despite fundamental divergences in some areas, mostly related to state intervention and fundamental human rights. The partnership offers mutually beneficial cooperation and dialogue in areas ranging from investment and transport to human rights and cybersecurity. China is navigating in new directions, guided by Xi Jinping's 'Thought on Socialism with Chinese Characteristics for a New Era’. Despite President Xi’s repeated avowals that 'the market will have a decisive role', public ownership remains the mainstay of the Chinese economy, whereas profound reforms would be needed to tackle the root causes of overcapacity in various industrial sectors. Xi's ‘Belt and Road Initiative’, now also included in the Constitution, is the flagship international connectivity and infrastructure programme dominated by Chinese state-owned companies. Overall, China’s crucial, but complex transition towards more sustainable growth would eventually benefit both, China and the world as a whole. Global economic interdependence, however, makes certain spill-over effects of China’s rebalancing unavoidable. China plays a pivotal role in global governance and the rules-based international order, and this comes with responsibilities. Beijing has begun to shift away from the narrow pursuit of national aims towards a more assertive foreign and security policy, and increased financial, economic and security cooperation with a global outreach. China is also facing domestic concerns, such as lifting millions of people out of poverty and reducing ever-growing income inequalities, deterioration in the situation of human rights and freedoms as well as endemic corruption.

Mexico: Economic indicators and trade with EU

22-05-2018

Mexico's economy is the 15th largest in the world (in terms of GDP) and the second largest in Latin America, after Brazil. It is currently classified as an upper middle-income economy by the World Bank, and is a member of the WTO, the OECD and the G20. The EU is Mexico's third-largest trading partner after the US and China, and its second biggest export market after the US. Our infographic, produced in close cooperation with GlobalStat, provides a quick and useful overview of Mexico's main economic ...

Mexico's economy is the 15th largest in the world (in terms of GDP) and the second largest in Latin America, after Brazil. It is currently classified as an upper middle-income economy by the World Bank, and is a member of the WTO, the OECD and the G20. The EU is Mexico's third-largest trading partner after the US and China, and its second biggest export market after the US. Our infographic, produced in close cooperation with GlobalStat, provides a quick and useful overview of Mexico's main economic and trade data, as well as of the EU grants and loans to this country. This is an updated edition of an ‘at a glance’ note published in March 2017.

Sanctions over Ukraine: Impact on Russia

17-01-2018

In early 2014, Russia violated international law by annexing Crimea and allegedly fomenting separatist uprisings in the eastern Ukrainian region of Donbas. The European Union, the United States and several other Western countries responded with diplomatic measures in March 2014, followed by asset freezes and visa bans targeted at individuals and entities. In July 2014, sanctions targeting the Russian energy, defence and financial sectors were adopted. These sanctions have not swayed Russian public ...

In early 2014, Russia violated international law by annexing Crimea and allegedly fomenting separatist uprisings in the eastern Ukrainian region of Donbas. The European Union, the United States and several other Western countries responded with diplomatic measures in March 2014, followed by asset freezes and visa bans targeted at individuals and entities. In July 2014, sanctions targeting the Russian energy, defence and financial sectors were adopted. These sanctions have not swayed Russian public opinion, which continues to staunchly back the Kremlin's actions in Ukraine. Despite Western efforts to isolate Russia, the country is playing an increasingly prominent role on the global stage. On the other hand, sectoral sanctions have proved painful, aggravating an economic downturn triggered by falling oil prices, from which the country has only just begun to recover. Sanctions have affected the Russian economy in various ways. The main short-term impact comes from restrictions on Western lending and investment in Russia. Oil and gas production remains unaffected for the time being, but in the long term energy exports are likely to suffer. Meanwhile, Russian counter-sanctions are benefiting the country's agricultural sector, but consumers are losing out in terms of choice and price. Quantitative estimates of the impact are difficult, but most observers agree that sanctions are costing Russia billions of euros a year and holding back a return to higher rates of economic growth. This is an updated edition of a briefing from March 2016, PE 579.084.

Outlook for the meetings of EU leaders on 14-15 December 2017

12-12-2017

On 14 and 15 December 2017, EU leaders will convene in four different settings with varying compositions and levels of formality: a regular summit of the European Council, a Leaders’ meeting on migration, a European Council (Article 50) meeting, and an enlarged Euro Summit. The agenda of the formal European Council concentrates on defence, social policy, and education and culture, whilst the informal Leaders’ meeting will focus exclusively on migration, and notably on the reform of the Common European ...

On 14 and 15 December 2017, EU leaders will convene in four different settings with varying compositions and levels of formality: a regular summit of the European Council, a Leaders’ meeting on migration, a European Council (Article 50) meeting, and an enlarged Euro Summit. The agenda of the formal European Council concentrates on defence, social policy, and education and culture, whilst the informal Leaders’ meeting will focus exclusively on migration, and notably on the reform of the Common European Asylum System. At the European Council (Article 50) meeting, EU leaders will consider the Commission's recommendation that ‘sufficient progress’ has been made in the negotiations with the United Kingdom, and decide whether to move to the next phase. The enlarged Euro Summit will discuss further developments in the euro area, the banking union and the gradual completion of Economic and Monetary Union (EMU).

Saudi Arabia: Economic indicators and trade with EU

22-11-2017

The EU is Saudi Arabia's first trading partner in goods, with 16.3 % of Saudi Arabia’s global trade, followed by China with 14.1 % and the US with 11.8 %. Saudi Arabia is the EU's 15th trading partner in goods, with an EU market share of 1.5 %. The trade balance is positive for the EU, as this infographic illustrates. Trade between the EU and Saudi Arabia takes place within the framework of the Gulf Cooperation Council (GCC), which includes Bahrain, Kuwait, Oman, Qatar, and Saudi Arabia and the United ...

The EU is Saudi Arabia's first trading partner in goods, with 16.3 % of Saudi Arabia’s global trade, followed by China with 14.1 % and the US with 11.8 %. Saudi Arabia is the EU's 15th trading partner in goods, with an EU market share of 1.5 %. The trade balance is positive for the EU, as this infographic illustrates. Trade between the EU and Saudi Arabia takes place within the framework of the Gulf Cooperation Council (GCC), which includes Bahrain, Kuwait, Oman, Qatar, and Saudi Arabia and the United Arab Emirates (UAE). The GCC countries formed their own customs union on 1 January 2015. The EU exports a wide range of goods and services to the region; however, around 50 % of the EU's exported goods to the GCC are machinery, including power generation plants, railway locomotives, aircrafts, electrical machinery and mechanical appliances. Meanwhile, approximately 70 % of all EU imports from the GCC consist of fuels and their derivatives. Following a reliance on oil revenues for about 90% of its budget in recent years, Saudi Arabia has embarked on an ambitious plan to restructure its oil-dependent economy, known as Vision 2030, involving diversification, privatisation, tax increases and subsidy cuts. Saudi Arabia has significant defence relationships with a rising number of EU Member States, primarily driven by the trade in arms (and often also related contracts for training and maintenance).

EU-Russia trade continuing despite sanctions

14-11-2017

Since 2014, trade between the EU and Russia has slumped due to the difficult context (an economic downturn in Russia, EU sanctions over Ukraine and Russian counter-sanctions, and long-standing trade barriers), but remains substantial. Trade started to recover in early 2017. This publication updates an 'At a glance' note of January 2016, PE 573.931.

Since 2014, trade between the EU and Russia has slumped due to the difficult context (an economic downturn in Russia, EU sanctions over Ukraine and Russian counter-sanctions, and long-standing trade barriers), but remains substantial. Trade started to recover in early 2017. This publication updates an 'At a glance' note of January 2016, PE 573.931.

The added value of international trade and impact of trade barriers - Cost of Non-Europe Report

25-10-2017

This Cost of Non-Europe Report, prepared for the European Parliament’s Committee on International Trade, analyses the economic added value of international trade. Aimed at feeding into on-going debates about the roles of globalisation and the rules-based multilateral trade system, it presents an overview of key trade theories, global trade patterns and the arguments for opening and restricting international trade. It analyses distributional consequences of such trade, the role of global value chains ...

This Cost of Non-Europe Report, prepared for the European Parliament’s Committee on International Trade, analyses the economic added value of international trade. Aimed at feeding into on-going debates about the roles of globalisation and the rules-based multilateral trade system, it presents an overview of key trade theories, global trade patterns and the arguments for opening and restricting international trade. It analyses distributional consequences of such trade, the role of global value chains and the consequences of protectionism.

Agenda-setting in the European Council, December 2014 - June 2017

26-09-2017

The European Council plays an important role in European Union agenda-setting. Its task is to provide impetus and political direction to the European integration process. The Treaty of Lisbon has made the European Council an EU institution in legal terms, although its tasks remained virtually unchanged. It also introduced a permanent President. This study can be read as a follow-up to the ‘Analysis of Agenda Setting in the European Council, 2009-2014’, which examined the agenda of the institution ...

The European Council plays an important role in European Union agenda-setting. Its task is to provide impetus and political direction to the European integration process. The Treaty of Lisbon has made the European Council an EU institution in legal terms, although its tasks remained virtually unchanged. It also introduced a permanent President. This study can be read as a follow-up to the ‘Analysis of Agenda Setting in the European Council, 2009-2014’, which examined the agenda of the institution during the Presidency of Herman Van Rompuy. The focus here is on the first mandate of the second President of the European Council, Donald Tusk, from December 2014 to June 2017.

Awtur estern

This study has been written by Dr Petya Alexandrova Petrova of the University of Oxford at the request of the European Council Oversight Unit of the Directorate for Impact Assessment and European Added Value, within the Directorate General for Parliamentary Research Services (DG EPRS) of the General Secretariat of the European Parliament.

Illicit trade in cultural goods

25-07-2017

Illicit trade (or trafficking) in cultural goods is defined by the European Commission as the 'illicit import, export and transfer of ownership of cultural property, i.e. items being of importance for archaeology, prehistory, history, literature, art or science' and is characterised as ranging 'from theft from cultural heritage institutions or private collections, through looting of archaeological sites to the displacement of artefacts due to war'. The European Commission points out that trafficking ...

Illicit trade (or trafficking) in cultural goods is defined by the European Commission as the 'illicit import, export and transfer of ownership of cultural property, i.e. items being of importance for archaeology, prehistory, history, literature, art or science' and is characterised as ranging 'from theft from cultural heritage institutions or private collections, through looting of archaeological sites to the displacement of artefacts due to war'. The European Commission points out that trafficking in cultural goods 'fosters terrorism, money laundering, tax evasion, and organised crime' and that 'Europe, where art and culture are highly prized and where many wealthy buyers can be found, is a favourite outlet for trafficking'. Cultural goods have a significant economic value in the market and the trafficking of cultural goods and antiquities is estimated to be worth between US$50 million and US$150 million a year. The European Union does not have common rules on the import of cultural goods. Two EU acts govern only selected areas: Regulation (EU) 116/2009 lays down rules on the export of cultural goods, and Directive 2014/60/EU governs the return of cultural objects taken unlawfully from another EU country. Furthermore, most Member States impose restrictions on imports of culture goods (e.g. requiring declarations or controls) in line with Articles 34 and 35 of Treaty on the Functioning of the European Union (TFEU). On 13 July 2017 the European Commission tabled a proposal for a regulation on the import of cultural goods, which will set out conditions and procedure for the entry of cultural goods into the customs territory of the EU. The Commission is also preparing a study on illicit trade in cultural goods in the EU and the new technologies available to combat it.

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