Connect with us

Economy

Trade defence: EU publishes a report on market distortions in Russia

EU Reporter Correspondent

Published

on

The Commission has published a report on significant government-induced distortions in the economy of Russia. The factual report prepared for the purpose of the EU's trade defence proceedings focuses on Russia's macro-economy, the main production factors, such as labour and energy, as well as certain specific sectors of the economy, including steel, aluminium and chemicals.

Executive Vice President and Trade Commissioner Valdis Dombrovskis (pictured) said: “This report is the result of thorough research and provides fact-based evidence regarding aspects of the Russian economy that may be relevant in our anti-dumping investigations. Protecting our industries from unfair trade is crucial in the current international environment. Our anti-dumping legislation equips us with trade defence instruments fit for current challenges, while fully respecting our commitments under the World Trade Organization. This report is an additional instrument in our toolbox to combat unfair trade.”

This is the second such report produced by the Commission following the introduction in 2017 of a new anti-dumping methodology. Country reports provide evidence that can be used by industry to request application of the new methodology to their particular case. The 2017 methodology establishes a new way of calculating anti-dumping duties for imports from countries where the economy is distorted by state interference. For more information, see the full announcement here.

European Parliament

European Parliament gives partial go-ahead to UK trade deal vote

EU Reporter Correspondent

Published

on

The European Parliament gave the go-ahead on Tuesday (13 April) for two key committees to vote this week on the EU-UK trade deal, but deferred a decision on whether the full parliament will give its assent later this month, writes Philip Blenkinsop.

The vote by parliament would be a final step in clearing the trade agreement struck between Britain and the European Union in December. Members of the parliament suspended the voting process in March in protest against British changes to arrangements on Northern Ireland.

Continue Reading

Agriculture

Agriculture: Short-term outlook report favourable for EU agricultural sectors

EU Reporter Correspondent

Published

on

The Commission has published the latest short-term outlook report for EU agricultural markets. This regular publication presents a general and sector-by-sector overview of the latest tendencies and further prospects for agri-food markets. The first 2021 edition concludes that the EU agricultural sector has shown resilience throughout the COVID-19 crisis. The sector performed relatively well thanks to increased retail sales and home consumption.

In addition, prospects are favourable with a dynamic global demand and the reopening of food services (restaurants, bars, cafés) expected once the vaccination campaign is sufficiently advanced. Recent trade developments will reduce uncertainties around the EU's trade relations, benefitting agricultural sectors. Among those developments, the US and the EU have agreed to temporarily suspend tariffs related to the civil aircraft disputes early March 2021. In addition, the EU-UK Trade and Cooperation Agreement was concluded late 2020. Still, both sides will need time to adapt and provide necessary conditions for optimal trade exchanges. For full details concerning specific markets, see the news item and the report available online.

Continue Reading

EU

European Year of Rail: Hop on the Connecting Europe Express

EU Reporter Correspondent

Published

on

The Connecting Europe Express, one of the European Year of Rail 2021's most emblematic initiatives, is being presented today during the official European Year of Rail kick-off conference, organised in cooperation with the Portuguese Presidency of the Council of the EU. The event takes place on the eve of an informal meeting of EU Transport Ministers focusing on different ways to accelerate a modal shift to rail. As of September, the Connecting Europe Express will travel across the EU and stop in most European capitals to promote the many benefits of rail - for passengers, freight and the environment.  The project will also raise awareness of the importance of financing sustainable infrastructure such as rail, and EU support for such investment, including through the recently agreed new Connecting Europe Facility (CEF), worth €33.7 billion, as part of the next long-term EU budget 2021-2027. The train's journey is possible thanks to good cooperation between European rail operators and infrastructure managers. Transport Commissioner Adina Vălean said: “The Connecting Europe Express will be a real, tangible example of the power of rail to connect. At each of the almost 40 stops, events will bring together the rail sector at large, as well as civil society organisations, local and regional authorities, and the wider public, to discuss the benefits of rail, as well as what still has to be done so that rail can become the number one option for passengers and business.”

Continue Reading

Twitter

Facebook

Trending