A committee of the European Parliament voted on March 21 for a proposal that “The EU Commission should propose rules obliging all players in the textile and clothing industry supply chain to respect the labour and human rights of their workers”.
Though the EU-US TTIP agreement is widely thought to be “in the freezer”, evidence given to confirmation hearings by Robert Lighthizer, Donald Trump’s nominee for US Trade Representative, seems to indicate the US Administration is still open-minded about its future.
The UK is facing a €1.98 bn bill from the EU for “repeatedly ignoring warnings” of tax frauds on imported Chinese shoes and apparel. The case highlights grave systemic complications in Britain’s handling of trade which threaten to complicate further its preparations for leaving the EU.
Results of the March 15 election for the Dutch House of Representatives seem to kill worries the EU is about to collapse. But, though those worries have never had any real justification, the Dutch election still emphasises the declining support in mature democracies for some traditional policies.
The foreign ministers of Argentina, Uruguay, Paraguay and Brazil met on March 9 in Buenos Aires to discuss a common position ahead of negotiations with the European Union on a potential trade deal.
In a March 10 background briefing with reporters, US officials surprisingly revealed the Trump administration has “not formulated a final position” on whether or not it will continue to pursue a proposed Transatlantic Trade & Investment Partnership (TTIP) agreement with the EU.
The UK government was reported on March 1 to have instructed its departments to have plans ready for governing if Britain fails to secure an adequate free trade deal with the EU after leaving in spring 2017.
The UK will continue to allow substantial EU immigration “for years and years” after Brexit – generally expected in spring 2019 – the country’s Brexit minster admitted on February 21.
It’s almost impossible to summarise the dispute between China and most other major trading nations at the WTO.
There are five key issues surrounding the EU’s role in the world economy.
On February 15, the EU’s Parliament approved the Comprehensive Economic and Trade Agreement with Canada, abolishing tariffs on 98% of EU-Canada trade.
They claim Customs procedures will be bureaucracy-free and “risk-based.” But even their claims accept 10% of arrivals might be unnecessarily delayed. Who really believes government assurances on future IT projects? And no hint of how urgently Britain’s partners might respond to the challenges.