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The level playing-field (LPF) provisions of the Trade and Cooperation Agreement (TCA) between the European Union (EU) and the United Kingdom (UK) constitute a key part of the agreement, and are the product of some of the more challenging issues in the negotiations. The LPF provisions seek to safeguard fair competition between the parties. A notable component are the rules on social provisions, labour, environment and climate change, often referred to as the 'trade and sustainable development' (TSD ...

The Covid-19 pandemic contributed to the continuous slowdown of China's economy, from two-digit growth rates witnessed in the past to a 'new normal' growth rate of 'only' 5.7% on average under the current five-year plan (2016-2020). To what extent does this slowdown affect China's public finances and other macroeconomic indicators? How has EU trade with China developed during the last decade? How important is the EU for China in terms of trade? And what about China's trade relevance for the EU? Has ...

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 optical instruments? 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 ...

Asia matters to Europe: home to the world's largest population and fastest-growing economies, Asia is a major trade partner of the EU. Recognising this, the EU has promoted the Asia-Europe Meeting (ASEM), established five strategic partnerships – including with the Association of South-East Asian Nations (ASEAN) – and negotiated or concluded free trade agreements with several Asian countries. In September 2018, the EU adopted a joint communication on 'Connecting Europe and Asia – Building blocks ...

On 12 December 2019, the European Commission adopted a proposal to amend Regulation (EU) No 654/2014 concerning the exercise of the EU's rights for the application and enforcement of international trade rules ('the Enforcement Regulation') of 15 May 2014. The Enforcement Regulation enables the EU to suspend or withdraw concessions or other obligations under international trade agreements in order to respond to breaches by third countries of international trade rules that affect the EU's commercial ...

Supply chains are increasingly international, but many of EU's trade partners fail to meet both the labour standards of the International Labour Organization (ILO) and international human rights norms. EU trade policy is designed to ensure that economic development complies with World Trade Organization (WTO) rules, while upholding human rights and high labour standards. WTO rules require members to comply with a set of basic free trading principles, in particular national treatment and most-favoured ...

Enforcement Regulation review

Em síntese 13-01-2021

The blockage, since December 2019, of the Appellate Body of the Dispute Settlement Body of the World Trade Organization (WTO) creates legal gaps for the enforcement of international trade rules. To bridge these gaps, the European Commission proposed to broaden the scope of Regulation (EU) No 654/2014 concerning the exercise of the EU's rights for the application and enforcement of international trade rules ('the Enforcement Regulation'). The European Parliament is scheduled to vote at first reading ...

The United Kingdom (UK) withdrew from the European Union (EU) on 1 February 2020. The Withdrawal Agreement, which entered into force on 1 February 2020, provides for a transition period during which the UK will remain in the EU's single market and customs union until 1 January 2021. The Withdrawal Agreement also includes a Protocol on Ireland/Northern Ireland, which states that Northern Ireland will be part of the UK's customs territory and internal market after the transition, but that goods originating ...

EU trade policy review

Em síntese 22-12-2020

In June 2020, the European Commission launched an EU trade policy review that will lead to a revised strategy to be adopted early in 2021. The aim is to set a new course for trade policy in a changing global context, aligned with EU priorities and supporting recovery from the coronavirus crisis. Parliament has contributed to the process with a resolution on 26 November 2020, and will continue monitoring implementation of the new policy in 2021.

Negotiations on an EU free trade agreement (FTA) with New Zealand, one of the fastest-growing developed economies in the world, were launched in June 2018. Eight negotiating rounds took place between July 2018 and June 2020, resulting in the closure of the Transparency Chapter of the future FTA. The next round will be scheduled with the New Zealand government following the general elections held on 17 October 2020.