The EU and the US held the third Ministerial Meeting of the Trade and Technology Council (TTC) in College Park, Maryland. The TTC is a key forum to deepen transatlantic cooperation to facilitate trade and develop global standards on technology and security. Geostrategic challenges, including Russia’s unprovoked war of aggression against Ukraine, have reinforced the […]
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 […]
Commission helps resume trade in European pork and poultry to the Republic of Korea
As a result of intense high-level engagement between the European Commission and the Republic of Korea, EU countries can, as of today, export pork and poultry to the Republic of Korea more easily. The Ministry of Agriculture, Food and Rural Affairs of the Republic of Korea (MAFRA) has decided to remove a longstanding trade barrier […]
Council adopts conclusions on global food insecurity
Russia’s unprovoked and unjustified war of aggression against Ukraine has disastrous consequences for the Ukrainian people, and also for people all over the world. The EU is fully committed to working with its global partners to address the worst consequences on food security, and has taken swift and comprehensive measures. In this light, the Council today […]
Council conclusions at the start of the 12th World Trade Organization Ministerial Conference
The European Union is committed to an open and rules-based multilateral trading system, with a modernised WTO at its core. The EU supports an ambitious and realistic package for the 12th World Trade Organization Ministerial Conference (MC12), and expects all WTO members to make a constructive contribution, according to their needs and capacities. The Council […]
EU-US strengthen coordination on export controls on Russia
The European Commission and the US Commerce Department have agreed to strengthen coordination on the enforcement of export controls on Russia, building on the excellent cooperation under the US-EU Trade and Technology Council. In a meeting in Brussels, Deputy Secretary of Commerce Don Graves, US Ambassador to the European Union Mark Gitenstein and Assistant Secretary […]
Main results of the Foreign Affairs Council (Trade) – 3 June 2022
WTO reform and preparations for the 12th WTO ministerial conference Ministers discussed preparations for the 12th World Trade Organization ministerial conference (CM12), which will take place in Geneva from 12 to 15 June 2022 against the backdrop of Russia’s aggression against Ukraine and the COVID-19 pandemic. Ministers expressed broad support for the Commission’s suggested line of action for the 12th ministerial conference, in particular […]
Suspension of EU import duties on Ukrainian exports set for fast-track approval
The International Trade Committee gave their green light on Monday for a one-year suspension of all EU import duties on Ukrainian exports to support the country’s economy. MEPs in the International Trade Committee approved a proposal of the temporary trade liberalisation of Ukrainian products, in the wake of Russia’s war of aggression that is hampering Ukraine’s ability […]
Council updates EU fishing rights for 2022 to reflect agreement with UK
The Council has adopted a regulation updating the EU’s fishing rights for 2022 to incorporate the agreement reached with the UK in December 2021. The regulation sets out the final total allowable catches (TACs) and quotas for member states in the Atlantic and North Sea, taking into account fish stocks subject to bilateral consultations. Changes to the previous year’s TACs […]