The EU-Canada Comprehensive Economic and Trade Agreement (CETA), which aims to boost goods and services trade and investment flows, was approved by the International Trade Committee on Tuesday. The full House is to vote on the deal in February. “By approving CETA today we take a significant step forward. In the face of rising protectionism…
Category: ECONOMY
President Trump withdraws from TPP
Today President Donald Trump will start to unravel the behemoth trade deal he inherited from his predecessor, as he signed an executive action to withdraw from the negotiating process of the Trans-Pacific Partnership. That executive action sends signals to Democrats and leaders in foreign capitals around the world that Trump’s rhetoric on trade during the…
May to deliver Brexit speech
On Tuesday 17/01/2017 Prime Minister Theresa May will deliver a speech setting out her 12 priorities for upcoming Brexit talks with the EU. Those 12 priorities will include leaving the European Union’s Single Market. May will be also describing future of the Customs Union, but she alredy confired that UK will be no longer a…
'Leave' activists push for hard #Brexit
The ‘Leave Means Leave’ group co-chairs Richard Tice and John Longworth launched an appeal for ‘hard Brexit’ in a letter sent to chambers of commerce in the EU member-states, urging businesses of Europe to encourage their national governments for a ‘sensible agreement’, ensuring smooth, uninterrupted transition in mutually beneficial trade. “Many EU member states export…
EU-Turkey: to upgrade Customs Union?
The request of the European Commission to modernise the existing EU-Turkey Customs Union is motivated by the necessity to adapt the contemporary EU-Turkey trade relations, raising substantially the beneficial for both parties. With the evolution of the economic environment and the significant growth of EU-Turkey trade, the Customs Union that entered into force in 1996 is…
EU: restrictive measrues against Russia
On December 2016, the Council prolonged the economic sanctions targeting specific sectors of Russian economy until 31 July 2017 – sectoral restrictive measures, initially imposed on 31 July 2014 as a response on Russian position in Ukrainian conflict. They are targeting financial, energy and defense industries sectors plus dual-use goods. Later, on March 2015 the European…
EU-Ukraine future at stake in Dutch Parliament
The awaited decision on the fate of the EU-Ukraine Association Agreement is now at the hands of the Dutch Parliament. The European Council stated that they ‘noted carefully’ the referendum outcome in The Netherlands, however following the existing legal procedures the Agreement has to be endorsed/adopted by all 28 member states according to national…
#Draghi: Asset purchases go on
Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. We will now report on the outcome of today’s meeting of the Governing Council, which was also attended by the Commission Vice-President, Mr Dombrovskis. Based on our regular economic and monetary analyses, we today conducted a comprehensive assessment of…
ECB: changes coming
At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council continues to expect the key ECB interest rates to remain at…
EUROPE DIPLOMATIC 