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The UK was a European Union Member State from 1973 until 31 January 2020. For reasons of comparability and consistency, the historical data for the 'EU-27' in this infographic covers all current Member States, regardless of whether they were Member States at the time concerned.

Government procurement forms an important part of national economies. The EU has opened up its public procurement markets to third countries to a large degree, while many other economies have had limited appetite to liberalise market access. In 2012, the European Commission tabled a proposal for an international procurement instrument (IPI). The IPI would give the EU leverage in negotiating the reciprocal opening of public procurement markets in third countries. The Commission revised the proposal ...

From 2021 to 2025, the EU is gradually transferring part of its fishing quota shares to the UK, in line with the EU-UK Trade and Cooperation Agreement (TCA). In total, 55 shared stocks are concerned, and 60 % of the overall Brexit quota transfer occurred in 2021. This infographic illustrates the EU quota transfer that year for some of the most affected fish stocks. The quota transfer in 2021 for the selected stocks totals 62 211 tonnes, with an estimated overall value of €103 million.

In this study we analyse the provisions of the EU-Mercosur trade agreement (EUMETA) in its form presented by the European Commission. Our analysis covers the potential macroeconomic effects of the agreement that are based on the analysis of the extent of trade liberalisation through the lens of a computable general simulation model, as well as more detailed analysis of trade structure, tariff structure, non-tariff protection and the trade-related provisions of the agreement including trade in services ...

The growing importance of global supply chains has fundamentally changed the way the global economy and goods manufacturing are organised. While trade conducted through global supply chains has fallen somewhat as a share of total trade since the 2008-2010 global financial and economic crisis, more than two-thirds of international trade still involves transactions made possible by such chains. The EU is profoundly involved in these production chains, more so than most other countries, and significantly ...

Sustainability-related provisions are a key part of international trade negotiations. Since the free trade agreement (FTA) signed with South Korea in 2009, EU trade deals each include dedicated trade and sustainable development (TSD) chapters encompassing issues such as environment, labour rights, climate change and responsible business conduct. In an effort to step up implementation and enforcement of these chapters, in 2018 the Commission published a non-paper setting out a 15-point action plan ...

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 European Commission is currently in the process of simplifying and harmonising the rules of origin for EU trade agreements, with the aim of enhancing the effectiveness of the latter. Indeed, there is a general perception that the complexity of the rules and their lack of harmonisation across EU trade agreements, together with burdensome certification procedures, may be deterring some business managers from making use of the preferential trade tariffs allowed by the agreements. Rules of origin ...

This in-depth analysis summarizes the main effects of the Customs Union (CU) on EU-Turkey trade and the economic situation in Turkey. Whereas the CU offers Turkey several economic benefits, it also implies some downsides, in particular asymmetric tariffs in relation to third countries. Against the background of the dynamic development of EU-Turkey relations, the authors assess the impact of four different options for developing EU-Turkey economic and trade relations: (i) Continuation of the current ...

The 'farm to fork' strategy is a roadmap to build a sustainable European Union (EU) food system, in line with the aims of the European Green Deal. Launched in May 2020, the strategy includes initiatives that are progressing at different speeds. The EU institutions are helping to shape the various elements of the strategy.