The EU-Singapore Free Trade Agreement went into effect on November 21st, 2019. This is the European Union's first bilateral trade agreement with a Southeast Asian country. This agreement removes tariffs in trade between the EU and Singapore.
On December 6th, 2019 the United States Trade Representative (USTR) proposed the imposition of up to 100 percent ad valorem additional duties on a preliminary list of products from France. These include cheese, cosmetics, handbags, sparkling wines, porcelain, and enamelled households articles, the list can be found here.
Topics: Europe
Parliament in the United Kingdom is currently debating approval of the Withdrawal Agreement Bill (WAB) that outlines a potential future relationship between the United Kingdom and European Union after Brexit.
The UK has requested that the European Union extend the Brexit deadline to January 31, 2020, in order to properly scrutinize this bill. Additionally, the Prime Minister has called for a general election to occur in December, if an extension is granted.
Topics: Europe
Following a 15 years dispute between the United States and the European Union regarding aviation industry-related subsidies, the World Trade Organization recently issued a report that justifies up to USD $7.5 billion annually in countermeasures made by the US against EU countries as a result.
Topics: Europe, Export Consulting, Import Consulting, North America
The EU and Mercosur (Brazil, Argentina, Paraguay, and Uruguay) agreed recently on a draft-free trade agreement that, if implemented, will create the largest free trade area in the world, connecting over 770 million people. The free trade agreement has been agreed in principle and will now move to legal revision. This will lead to a final text of the agreement being sent to the member states of both blocs for approval.
Topics: Europe, Free Trade Agreements
