Between 2017 and 2022, the trade of electric and hybrid cars in the EU registered a staggering increase. In 2022, 42% of the total number of cars imported were electric or hybrid, indicating an increase of 35 percentage points (pp) compared with 2017. The change in exports was also clear with a 24 pp increase in 2022 (26% of the total number of […]
Anti-coercion instrument: the EU’s new weapon to protect trade
The anti-coercion instrument will be the EU’s new tool to fight economic threats and unfair trade restrictions by non-EU countries. Why does the EU need a new tool to tackle trade conflicts? Global trade can help to boost wealth and create jobs. However, sometimes countries resort to blackmail or trade restrictions to give their companies […]
La UE y los EE. UU. acuerdan reforzar su cooperación en tecnologías emergentes, comercio sostenible y seguridad económica
The European Union and the United States have held the fourth ministerial meeting of the EU-US Trade and Technology Council (TTC) in Luleå, Sweden. It was co-chaired by European Commission Executive Vice-President Margrethe Vestager, European Commission Executive Vice-President Valdis Dombrovskis, United States Secretary of State Antony Blinken, United States Secretary of Commerce Gina Raimondo, and United States Trade […]
EU trade in high-tech products up in 2022
In 2022, the EU imported €482 billion worth of high-tech products from extra-EU countries (+22% compared with 2021). Exports to these countries reached €446 billion (+16% compared with 2021). More than half of imports from China and the United States In 2022, over half of the EU’s high-tech imports from non-EU countries came from China (38%; €183 billion) and the United States (19%; €91 […]
European Commission proposes to renew trade benefits for Ukraine for a year
The Commission has proposed to renew the suspension of import duties, quotas and trade defence measures on Ukrainian exports to the European Union – known as the Autonomous Trade Measures (ATMs) – for another year. This is a continuation of the EU’s unwavering support for Ukraine’s economy and helps alleviate the difficult situation faced by […]
EU Trade Ministers’ Climate Coalition
The European Commission, EU Member States, and 26 partners countries have launched “The Coalition of Trade Ministers on Climate”, the first Ministerial-level global forum dedicated to trade and climate and sustainable development issues. The Coalition will foster global action to promote trade policies that can help address climate change through local and global initiatives. The […]
EU and Chile strengthen a comprehensive political and trade partnership
The European Union and Chile have concluded negotiations on the EU-Chile Advanced Framework Agreement at a meeting between the Executive Vice-President and Commissioner for Trade Valdis Dombrovskis and the High Representative/Vice-President Josep Borrell, with the Chilean Minister of Foreign Affairs, Antonia Urrejola. This landmark agreement is of key geopolitical importance: with the new Advanced Framework Agreement, the […]
The EU Emissions Trading Scheme (ETS) and its reform in brief
The EU’s emissions trading system (ETS) aims to reduce the industry’s carbon emissions. Discover how it works and why a reform is needed. What is the EU’s emissions trading system all about? Although the EU is the world’s third largest CO2 emitter, it also pursues the most ambitious climate target: to cut emissions substantially by […]
CJEU: Online traders must provide information about the product guarantee
On 5th May, the Court of Justice finds that, under the Consumer Rights Directive, a trader is required to provide the consumer with pre-contractual information concerning the manufacturer’s commercial guarantee where the consumer has a legitimate interest in obtaining that information in order to decide whether to enter into a contractual relationship with the trader. […]