The United States is still Europe's most important trade partner. Europe should regulate trade with the transatlantic relationship in mind despite US disengagement, writes Heidi Obermeyer.
A total of 60 civil society organisations from Indonesia and Europe have signed a joint statement laying out serious concerns with the EU-Indonesia trade agreement. These behind-closed-doors trade negotiations - like CETA and TTIP - jeopardise an equitable and just future.
The government’s trade bill has its second reading on Tuesday, something which has gone unnoticed by many campaigners and commentators, let alone the wider population. And that’s a problem. Anyone who cares about democracy, our nation’s prosperity and the future of post-Brexit Britain, should care deeply. It is nowhere near as innocuous as it sounds. It’s a Trojan horse.
Trade deals TTIP and CETA are particularly controversial in Germany, where they have been met with fierce resistance. As negotiators continue to try and form a new government, the Socialists may come out on the losing side on trade policy. EURACTIV Germany reports.
If Donald Trump has his way then a “very big and exciting” trade deal between the US and UK is imminent. However, it often takes years to negotiate tariff
The City’s top financial watchdog has said there is no reason why financial services should be excluded from a post-Brexit free trade agreement between the UK and the EU.
The French minister for foreign affairs has stated that if the US administration follows through with the country’s withdrawal from the Paris Agreement the negotiations about the Transatlantic Trade and Investment Partnership (TTip) will not be successful.
The EU recently proposed a single trade agreement with the United States, so there is no reason it cannot have one with the UK post-Brexit, according to the chief executive of the UK’s Financial Conduct Authority (FCA)
The European Union will no longer make trade deals with the United States if President Trump follows through on withdrawing from the Paris climate agreement, according to a French official whose comments were endorsed by the European Commission. The United States would be excluded.
It has become clear, if it wasn’t before, that there is a fundamental choice between pursuing progressive policies and a hard Brexit. Rather than enabling Corbyn’s Britain – the regulations, state aid and nationalisation desired by many on the Left – a hard Brexit could derail these visions. Leaving the EU isn’t just going to consume government and parliament now, it is likely to dominate the next decade, politically and financially constraining any government in the future.
EU and Japan finalise world’s biggest bilateral trade deal -EU lockert Vorschriften für Lebensmittelimporte aus Fukushima für Freihandelsabkommen mit Japan
What lessons have been drawn by the EU from the CETA and TTIP trade negotiations? Johan Adriaensen argues that the trade package contained in Jean-Claude Juncker’s State of the Union speech presented a coherent vision for how EU trade negotiations could move forward, with avenues for discontent at future agreements to be channelled through representative institutions. However, implementing these ideas will be far from straightforward, and it is unclear whether the EU will be able to prevent the kind of opposition to future trade agreements that it experienced in both the CETA and TTIP cases.