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The European Globalisation Adjustment Fund (EGF) was created in 2006 to finance active labour market policies targeting workers who have lost their jobs because of trade adjustment. The fund was subsequently modified in 2009 to cover major structural changes triggered by the economic and financial crisis. The rules of the EGF are laid down in EU Regulation (EU) No 1309/2013, which stipulates that the fund will continue to be financed until 31 December 2020. In May 2018, the European Commission submitted ...

Following the European Council's additional guidelines of March 2018, the European Union (EU) and the United Kingdom (UK) have started discussions on their future relationship after Brexit. The aim is to agree on a political framework for their future partnership by autumn 2018, to be adopted alongside the withdrawal agreement. Conclusion of a treaty or treaties establishing future EU-UK relations will only take place after the UK leaves the Union and becomes a third country. Both parties have expressed ...

The CJEU’s Schrems judgment of October 2015, besides declaring the European Commission’s Decision on the EU-US ‘Safe Harbour’ data transfer regime invalid, has also settled a number of crucial requirements corresponding to the foundations of EU data protection. In less than one year from the CJEU ruling, the Commission had adopted a new adequacy decision in which the new framework for EU-US data transfer, the Privacy Shield (2016), is deemed to adequately protect EU citizens. The main improvements ...

Long-term economic trends have transformed the world trading scene and, as underlined by European Commission President Jean-Claude Juncker in his 2017 State of the Union address, new challenges make it essential to strengthen the European trade agenda. In line with the 'trade for all' strategy, EU trade policy follows four main objectives: concluding balanced trade agreements, implementing the agreements in force effectively, tackling unfair trade practices and promoting a sustainable approach to ...

The EU-US agreement on insurance and reinsurance was signed in September 2017. It aims at eliminating some key trade barriers in the sector, in particular collateral and local presence requirements. The agreement also tackles the issue of supervisory authority and exchange of information. The European Parliament is due to vote on giving its consent to the Council for the conclusion of the agreement during its February II plenary session.

Trade liberalisation is generally expected to bring net welfare gains to the domestic economy by reallocating resources to more productive firms or to industries with a comparative advantage. However, these gains are not always distributed evenly and can involve transitional costs for certain firms and workers. Trade adjustment measures are designed to compensate for these costs. The literature proposes mainly active labour policies (including training and other measures for re-employment) for dealing ...

The EU neighbourhood is undergoing deep transformations and this raises debate on how best to establish trade relations with neighbouring partners, like Turkey and the Eastern Partnership countries (such as Ukraine, Moldova and Georgia). Moreover, Brexit will entail the reorganisation of EU-UK relations, which will shake up cross-border trade flows. The EU can negotiate two basic types of trade agreement granting preferential market access to partners’ goods: free trade agreements (FTAs) and customs ...

This study analyses the interactions between EU and regional trade patterns and the trends in EU manufacturing on the one hand, and the influence of industrial and regional competitiveness factors on trade and industrial developments, on the other. The study specifically reviews theories on the factors behind trade specialisation and the role of trade in growth and inequalities, and links these to regional trade patterns in 13 EU Member States.

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 ...

After a public consultation on proposed reforms to investment protection and the investor-dispute settlement framework of the Transatlantic Trade and Investment Partnership (TTIP) with the United States of America, the European Parliament requested the replacement of the traditional arbitration framework with a new court system. The European Commission and Canada subsequently renegotiated the relevant provisions of the Comprehensive Economic and Trade Agreement (CETA) to establish a new investment ...