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As part of its plan for recovery from the coronavirus pandemic, South Korea has launched its own Green New Deal. Announced in July 2020, this initiative will invest €54.3 billion mostly for enabling a shift to green infrastructure, low-carbon and decentralised energy, for spurring innovation in green industry and for creating 659 000 jobs. The plan will also support the commercial development of technology for large-scale carbon capture utilisation and storage (CCUS). In October 2020, South Korea's ...

The 47th G7 summit is scheduled for 11-13 June 2021, and will be chaired and hosted by the United Kingdom. After a year-long break caused by the pandemic and the former US administration's inability to organise the 2020 summit at a later date than initially scheduled, this year's event is expected to mark a return to strong global cooperation among the world's major democracies. The leaders of four guest states – Australia, India, South Africa and South Korea – will join the leaders of the G7 nations ...

North Korea and South Korea have been on different paths since World War II. The North has remained isolated and poor, its regime inspired by Soviet structures, with a centrally planned economy. The South, meanwhile, after alternating periods of autocratic and democratic rule, made a clear choice at the end of the 1980s in favour of democracy and a market economy, a choice that has led the country to success in several sectors. North and South Korea are still technically at war, as the military conflict ...

Globally, anti-trade sentiment is on the rise, meaning it is incumbent upon policymakers to explore and explain the benefits of free and open trade. This study examines the costs and benefits of various free trade agreements (FTAs) that the EU has completed, will complete, or is contemplating. With regard to completed FTAs, the EU has seen benefits in terms of consumer choice but has a much larger and positive impact on its partners (although not as much as ex-ante modelling would suggest). For forthcoming ...

US President Donald Trump met North Korean leader Kim Jong-un for a historic summit in Singapore on 12 June 2018. They reached a short agreement that emphasised the North's commitment to 'work toward complete denuclearisation of the Korean Peninsula', but provided no details on when Pyongyang would give up nuclear weapons or how that might be verified. Following the summit, the United States announced it had agreed with South Korea to suspend all planning on joint military exercises. This note offers ...

Following fears in 2017 of an escalation of the North Korean crisis, an unexpected detente has come in early 2018. North Korean athletes took part in the Winter Olympics in South Korea, and Pyongyang undertook a charm offensive followed by a successful historic inter-Korean summit in late April, which may prompt long-awaited peace talks. A summit between US President Trump and North Korean Leader Kim Jong un had been scheduled for 12 June in Singapore, but Trump called it off on 24 May. The main ...

The aim of this study is to provide an assessment of the application of the reciprocity principle in EU agri-food trade at global level. The report provides substantial evidence for progresses occurring at worldwide level in regulatory rapprochement. Scientific cooperation, collaboration between risk assessment bodies, harmonization of control procedures and early warning systems for emerging hazards can facilitate progress in this direction, reducing transaction costs and information asymmetries ...

This study analyses provisions of the EU-Singapore Free Trade Agreement concluded in May 2015 ('EUSFTA'). It compares EUSFTA with other 'new-generation' free trade agreements, such as the EU-Republic of Korea and the EU-Canada Comprehensive Economic and Trade Agreement. Overall, EUSFTA adopts a WTO+ approach and as a result significantly liberalises trade between the EU and Singapore compared to the current trade relationship. The study finds that a number of tariff and non-tariff barriers to trade ...

Trade is the EU's most important link to the world beyond its borders. In force since the 1957 Treaty of Rome, the transition to a common EU trade policy was completed in 1968. It is the EU's oldest instrument influencing the bloc's foreign relations. Today, Article 207 of the Treaty on the Functioning of the European Union (TFEU) establishes the common trade policy as an exclusive EU competence. Following the procedure under that legal basis the EU negotiates, concludes and implements trade agreements ...

North Korea has stepped up its nuclear plans with the underground detonation of a hydrogen bomb and tests of its first suspected Intercontinental Ballistic Missiles (ICBMs), moves perceived as a major threat to global security. Speaking at the United Nations General Assembly on 19 September, US President Donald Trump threatened to 'totally destroy' North Korea if the United States is forced to defend itself or its allies against that country. The isolated communist regime of Kim Jong-un has continued ...