The European Union has notified the Mercosur countries of the instrument for the provisional application of the EU-Mercosur Interim Trade Agreement. By sending its ‘note verbale’ to Paraguay, the legal depositary of Mercosur treaties, the European Commission has taken the final procedural step required for the provisional application of the agreement, in accordance with the […]
EU introduces customs duties on low-value e-commerce packages
The Commission welcomed last December 12’s decision by EU Member States to introduce a €3 customs duty per item on e-commerce parcels valued below €150, starting in July 2026. The new duty will help protect the competitiveness of European businesses by levelling the playing field between e-commerce and traditional retail. Given the rapid increase in e-commerce goods being imported into the EU, the Commission and Member States have together acknowledged the need for an urgent […]
The EU challenges China at the WTO over tariffs on the high-tech sector
The European Commission has requested consultations at the World Trade Organization (WTO) aiming to remove unfair and illegal trade practices by China in the sphere of intellectual property. China has empowered its courts to set binding worldwide royalty rates for EU standard essential patents, without the consent of the patent owner. This pressures innovative European high-tech companies […]
Eurobarometer shows most EU citizens benefit from international trade
According to the third Eurobarometer on international trade published today, over six in ten Europeans believe they benefit from international trade – an increase compared to the last such survey in 2019. The survey reveals that Europeans value the benefits brought by international trade, such as wider consumer choice and more affordable products. Furthermore, there is strong support […]
EU-New Zealand trade agreement enters into force, opening up new opportunities for EU exporters
EU businesses, producers and farmers are now able to take advantage of a host of new export opportunities with the entry into force of the EU-New Zealand trade agreement today. The deal is expected to cut €140 million a year in duties for EU companies. Thanks to this deal, EU-New Zealand trade is expected to […]
International trade in chocolate in 2023
In 2023, 867 000 tonnes of chocolate and chocolate bars were exported by EU members to countries outside the EU (extra-EU). This marks a 2% increase compared with 2022 (852 000 tonnes) and a 35% boost compared with 2013 (643 000 tonnes). The top chocolate and chocolate bar exporters to extra-EU countries were Germany, with 221 000 tonnes or 26% of the […]
EU strengthens protection to prevent “economic bullying”
The European Commission has proposed a new instrument for a new, more powerful and agile trade weapon to be able to impose sanctions quickly and decisively against third countries that are subjecting an EU member state to “economic coercion”. This legal instrument is a response to the deliberate economic pressure to which the EU and […]
SMEs weight in EU’s international trade in goods
In 2019, 99% of importing enterprises in total trade (intra-EU and extra-EU) were small and medium-sized enterprises (SMEs), while this share was only slightly lower for exporting enterprises (98%). For both importing and exporting enterprises, this value remained almost unchanged between 2015 and 2019. Micro enterprises represented the highest share of importing enterprises (77%), significantly higher than […]
Eurobarometer survey: Majority of EU citizens positive about international trade
The results of a special Eurobarometer survey published yesterday by the European Commission show that 60% of Europeans feel that they personally benefit from international trade, 16 percentage points more than 10 years ago at the time of the previous poll. The survey also revealed that 71% of respondents believe that the EU is more […]