Clean energy is a fundamental part of the European Green Deal. In pursuit of this, green energy products such as wind turbines, liquid biofuels and solar panels are required. Utilising these energy products also reduces the energy import dependencies highlighted by Russia’s invasion of Ukraine. In 2022, the EU spent €28.4 billion on imports of green energy products […]
EU exports under Free Trade Agreements surpass €1 trillion
EU trade deals mean increased exports, more stable economic relations and secure access to resources, a new report out today shows. EU exports to preferential partners for the first time surpassed €1 trillion in 2021, according to the Commission’s 2nd Annual Report on the Implementation and Enforcement of EU Trade Agreements. The Report also shows […]
EU agri-food trade shows strong growth in 2022
The total value of EU agri-food trade was 28.3 billion in February 2022, an 18% increase compared to the same month last year. Exports rose by 11% to 16.6 billion, while imports grew by 30% to reach 11.7 billion, reflecting a trade balance of 4.9 billion. This marks an increase of 52% compared to January […]
Sparkling wine extra-EU exports see 6% dip in 2020
In 2020, the EU’s sparkling wine exports to countries outside the EU amounted to 494 million litres, a decrease with respect to the 528 millions litres exported in 2019. This was the first decrease in sparkling wine extra-EU exports in a decade (-6% when compared with 2019), where the pandemic significantly dampened wine trade growth as many bars and restaurants […]
Boeing WTO case: The EU puts in place countermeasures against U.S. exports
The European Commission’s regulation increasing tariffs on U.S. exports into the EU worth $4 billion will be published in the Official Journal of the EU. The countermeasures have been agreed by EU Member States since the U.S. has not yet provided the basis for a negotiated settlement, which would include an immediate removal of U.S. […]