The EU-UK future relationship deal will be signed today, separately, and without pomp on the two sides of the Channel.
EU Commission president Ursula von der Leyen and European Council president Charles Michel will sign two copies of the set of treaties on Wednesday (30 December) morning, in the Europa building in Brussels.
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These are the key points of the UK-EU future deal
Showing posts with label Trade Deal. Show all posts
Showing posts with label Trade Deal. Show all posts
12/26/20
European Union, U.K. unveil post-Brexit trade deal set to take effect on Jan. 1
EU ambassadors and lawmakers on both sides of the English Channel will now pore over the "EU-UK Trade and Cooperation Agreement," which contains 1,246 pages of text. EU envoys are expected to meet on Monday to discuss the document, drawn up over nine intense months of talks.
Most importantly, the deal as it stands ensures that Britain can continue to trade in goods with the world's biggest trading bloc without tariffs or quotas after the U.K. breaks fully free of the EU. It ceased to be an official member on Jan. 31 this year and is days away from the end of an exit transition period.
Read more at: European Union, U.K. unveil post-Brexit trade deal set to take effect on Jan. 1 | CBC News
Most importantly, the deal as it stands ensures that Britain can continue to trade in goods with the world's biggest trading bloc without tariffs or quotas after the U.K. breaks fully free of the EU. It ceased to be an official member on Jan. 31 this year and is days away from the end of an exit transition period.
Read more at: European Union, U.K. unveil post-Brexit trade deal set to take effect on Jan. 1 | CBC News
12/2/20
USA: Joe Biden warning dashes UK hopes of early US trade deal
Britain’s hopes of securing an early trade deal with the US have been dashed by a warning from Joe Biden, the president-elect, that America will not sign a trade deal with anyone until the US has sorted out its competitiveness.
Read more at:Joe Biden warning dashes UK hopes of early US trade deal | Trade policy | The Guardian
Read more at:Joe Biden warning dashes UK hopes of early US trade deal | Trade policy | The Guardian
10/7/20
Britain - Brexit: Joe Biden warns UK: No US trade deal if Irish peace accord becomes 'casualty of Brexit' - Alasdair Sandford
Joe Biden has warned that the Irish peace accord that ended decades of violence cannot become a "casualty of Brexit".
The US Democratic presidential candidate added that any US-UK trade deal must respect the Good Friday Agreement and avoid a renewed hard border on the island of Ireland.
The warning comes amid international dismay at the British government's plan to give ministers legal powers to overrule parts of the legally-binding EU divorce deal.
Read more at:
Joe Biden warns UK: No US trade deal if Irish peace accord becomes 'casualty of Brexit' | Euronews
The US Democratic presidential candidate added that any US-UK trade deal must respect the Good Friday Agreement and avoid a renewed hard border on the island of Ireland.
The warning comes amid international dismay at the British government's plan to give ministers legal powers to overrule parts of the legally-binding EU divorce deal.
Read more at:
Joe Biden warns UK: No US trade deal if Irish peace accord becomes 'casualty of Brexit' | Euronews
8/8/20
Britain: UK says it's confident of Brexit trade deal as EU changing tone
Britain’s top minister overseeing Brexit talks said on Friday he was
confident a free trade deal would be clinched with the European Union as
there had been a distinct change of tone from the bloc in recent weeks
allowing progress to be made.
Read more
UK says it's confident of Brexit trade deal as EU changing tone - Reuters
Read more
UK says it's confident of Brexit trade deal as EU changing tone - Reuters
12/13/19
China, US agree on text of phase one trade deal
Contrary to President Trump's bullish, self congratulating statements on a new China US Trade Deal, the official China News Agency posted a more sober worded report noting "China and the United States have agreed on the text of a phase one
economic and trade agreement based on the principle of equality and
mutual respect".
The text includes nine chapters: the preface, intellectual property rights, technology transfer, food and agricultural products, financial services, exchange rate and transparency, trade expansion, bilateral assessment and dispute settlement, and the final terms, according to a statement issued by the Chinese side Friday night.
Both sides have reached consensus that the U.S. side will fulfill its commitments to phase out its additional tariffs on Chinese products, so as to achieve a switch from hiking to cutting additional tariffs.
"The Chinese side believes that China and the United States, the world's two largest economies, must deal with bilateral economic and trade relations with the big picture in mind. Reaching the agreement will serve the fundamental interests of the people of the two countries and the world, and is expected to bring positive influences on areas including economy, trade, investment and the financial market.
The agreement is generally in line with the main direction of China's deepening reform and opening up as well as the internal needs for advancing the high-quality economic development".
Read more at: China, US agree on text of phase one trade deal - Chinadaily.com.cn
The text includes nine chapters: the preface, intellectual property rights, technology transfer, food and agricultural products, financial services, exchange rate and transparency, trade expansion, bilateral assessment and dispute settlement, and the final terms, according to a statement issued by the Chinese side Friday night.
Both sides have reached consensus that the U.S. side will fulfill its commitments to phase out its additional tariffs on Chinese products, so as to achieve a switch from hiking to cutting additional tariffs.
"The Chinese side believes that China and the United States, the world's two largest economies, must deal with bilateral economic and trade relations with the big picture in mind. Reaching the agreement will serve the fundamental interests of the people of the two countries and the world, and is expected to bring positive influences on areas including economy, trade, investment and the financial market.
The agreement is generally in line with the main direction of China's deepening reform and opening up as well as the internal needs for advancing the high-quality economic development".
Read more at: China, US agree on text of phase one trade deal - Chinadaily.com.cn
7/13/19
EU signs landmark trade deal with Vietnam
The European Union
has signed a landmark free-trade deal with Vietnam, the first of its
kind with a developing country in Asia, paving the way for tariff cuts
on almost all goods.
The EU has described the deal as “the most ambitious free trade deal ever concluded with a developing country”
The free trade agreement will eventually eliminate 99% of tariffs, with some items cut over a 10-year period and other goods, notably agricultural products, limited by quotas. It is also expected to open up the public procurement and services markets, such as for the postal, banking and maritime sectors.
The deal still needs the approval of the European parliament, which is by no means a certainty given some lawmakers’ concerns over Vietnam’s human rights record.
.
The agreement was signed in Hanoi, three-and-a-half years after trade negotiations ended in December 2015.
Read more: EU signs landmark trade deal with Vietnam | World news | The Guardian
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The EU has described the deal as “the most ambitious free trade deal ever concluded with a developing country”
The free trade agreement will eventually eliminate 99% of tariffs, with some items cut over a 10-year period and other goods, notably agricultural products, limited by quotas. It is also expected to open up the public procurement and services markets, such as for the postal, banking and maritime sectors.
The deal still needs the approval of the European parliament, which is by no means a certainty given some lawmakers’ concerns over Vietnam’s human rights record.
.
The agreement was signed in Hanoi, three-and-a-half years after trade negotiations ended in December 2015.
Read more: EU signs landmark trade deal with Vietnam | World news | The Guardian
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EU-Mercosur deal: Is the agreement a threat to European agriculture? - by Sofía S.Manzanaro
Twenty years after negotiations began, the European Union and the South
American trade bloc Mercosur reached a free-trade agreement on Friday.
Deemed "historic" by European Commission president Jean Claude Juncker,
both sides currently trade over €88 billion in goods and €34 billion in
services each year.
However, the treaty has not satisfied all member states. While French President Emmanuel Macron said it was a "good agreement" that met key French demands, other factions in France did not agree.
France is the EU's largest farming power. French farmers' groups and environmentalists have regularly raised concerns about the risk of a surge in South American agricultural exports to Europe. In addition, critics argue there are lower standards for produce in the Mercosur countries and insist that they would oppose the deal unless they see proper traceability and good livestock practices in the beef sector.
"We won't have an accord at any price. The story isn't finished," agriculture minister Didier Guillaume told lawmakers on Tuesday.
Read more at:
EU-Mercosur deal: Is the agreement a threat to European agriculture? | Euronews
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However, the treaty has not satisfied all member states. While French President Emmanuel Macron said it was a "good agreement" that met key French demands, other factions in France did not agree.
France is the EU's largest farming power. French farmers' groups and environmentalists have regularly raised concerns about the risk of a surge in South American agricultural exports to Europe. In addition, critics argue there are lower standards for produce in the Mercosur countries and insist that they would oppose the deal unless they see proper traceability and good livestock practices in the beef sector.
"We won't have an accord at any price. The story isn't finished," agriculture minister Didier Guillaume told lawmakers on Tuesday.
Read more at:
EU-Mercosur deal: Is the agreement a threat to European agriculture? | Euronews
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3/2/19
Britain - Brexit - USA: Britain is getting the shaft by USA by having to accept chlorine treated Chicken and meats
UK-US trade deal: Envoy attacks 'myths' about US farming
Read more at:
http://www.bbc.co.uk/news/uk-47426138
http://www.bbc.co.uk/news/uk-47426138
10/1/18
Canada - Mexico - USA: Trump hails ‘historic’ trade deal with Canada and Mexico - by David Lynch
President Trump on Monday hailed the major revisions he was able to
extract from Canada and Mexico to the 25-year-old North American trade
agreement, as business executives, labor leaders, and lawmakers began
poring over details.
“Throughout the campaign I promised to renegotiate NAFTA and today we
have kept that promise,” Trump said at a Rose Garden news conference.
Calling the deal “truly historic,” Trump pledged: “It will transform North America back into a manufacturing powerhouse.”
The White House, as well as leaders from Canada and Mexico, announced they had inked the deal late Sunday after Canada’s 11th hour agreement. But congressional approval is uncertain, particularly if Democrats retake control of the House in the November midterm elections.
Note EU-Digest: the BS continues, as not much is changed re: old NAFTA deal.
Read more: Trump hails ‘historic’ trade deal with Canada and Mexico
Calling the deal “truly historic,” Trump pledged: “It will transform North America back into a manufacturing powerhouse.”
The White House, as well as leaders from Canada and Mexico, announced they had inked the deal late Sunday after Canada’s 11th hour agreement. But congressional approval is uncertain, particularly if Democrats retake control of the House in the November midterm elections.
Note EU-Digest: the BS continues, as not much is changed re: old NAFTA deal.
Read more: Trump hails ‘historic’ trade deal with Canada and Mexico
3/6/18
EU-Mexico Trade Relations: Mexico aims for EU free-trade deal by end of February - by Philip Blenkinsop
 |
| Mexico reducing its reliance on US |
The
EU and Mexico intend to update a trade deal agreed 21 years ago that
largely covers industrial goods. They want to add farm products, more
services, investment and government procurement, and include provisions
on labor standards and environmental protection.
Mexican negotiators are in Brussels this week, with the two sides due to reconvene next week in Mexico.
The
Mexican official said EU Trade Commissioner Cecilia Malmstrom could
come in the week starting Feb. 19 to help push talks to a close and to
allow an initial deal to be announced, though only if a deal was within
reach.
For Mexico, a deal with the EU would be part of a strategy
to reduce its reliance on the United States, the destination of nearly
80 percent of its exports. That has become more urgent, given U.S.
President Donald Trump’s threat to scrap the North American Free Trade
Agreement.
Mexico is one of 11 countries expected to
sign an Asia-Pacific trade pact in March after the United States pulled
out of an earlier version.
12/21/17
EU Trade agreement with Mexico: EU and Mexico fail to conclude political agreement on trade deal – by Iana Dreyer
European trade officials had been more optimistic about the prospects
for a deal with Mexico than with the South American bloc Mercosur, talks
towards which ended in a limbo in early December.
But European Commission hopes to announce a ‘political agreement’ with Mexico by year-end were nonetheless dashed.
The issues that required ironing out over the last days included market access in agriculture, agreement over a few geographical indications on cheeses (such as Manchego) and the EU’s investment court system.
EU trade chief Cecilia Malmström said today: “We are confident we can solve all the remaining political issues. But we need a little bit more time.”
Read more: EU and Mexico fail to conclude political agreement on trade deal – EURACTIV.com
But European Commission hopes to announce a ‘political agreement’ with Mexico by year-end were nonetheless dashed.
The issues that required ironing out over the last days included market access in agriculture, agreement over a few geographical indications on cheeses (such as Manchego) and the EU’s investment court system.
EU trade chief Cecilia Malmström said today: “We are confident we can solve all the remaining political issues. But we need a little bit more time.”
Read more: EU and Mexico fail to conclude political agreement on trade deal – EURACTIV.com
12/8/17
EU and Japan finalize trade deal
The EU and Japan finalised negotiations on a free trade agreement on
Friday (8 December), the bloc's executive announced. The accord builds
on the political agreement reached by the two sides over the summer.
However, the deal does not cover investment protection yet, as
negotiations on dispute resolution continue. The deal creates an
economic zone of 30 percent of the world's GDP, according to the EU
commission.
Read more: EU and Japan finalise trade deal
Read more: EU and Japan finalise trade deal
7/4/17
EU and Japan closing in on trade deal - by Eszter Zalan
"Ambitious free and fair trade deal in the making," European Council chief Donald Tusk tweeted on Tuesday morning.
Read more: EU and Japan closing in on trade dea
5/14/17
Trade Agreement: US and China announce deal aimed at reducing trade gap
Beijing and Washington on Friday unveiled a trade deal aimed at
reducing the US trade deficit with China, as the Kushner family’s real
estate company abandoned a business programme targeting Chinese
investors.
The trade deal would give US beef, natural gas and certain financial services access to China's massive market of 1.37 billion people. In exchange, the US would lift barriers to Chinese cooked chicken products.
The deal seems to be part of warming trade relations between the US and China. Despite President Donald Trump’s aggressive rhetoric against China throughout the US presidential campaign, Trump and Chinese President Xi Jinping launched a 100-day action plan on economic cooperation last month.
Read more: US and China announce deal aimed at reducing trade gap - France 24
The trade deal would give US beef, natural gas and certain financial services access to China's massive market of 1.37 billion people. In exchange, the US would lift barriers to Chinese cooked chicken products.
The deal seems to be part of warming trade relations between the US and China. Despite President Donald Trump’s aggressive rhetoric against China throughout the US presidential campaign, Trump and Chinese President Xi Jinping launched a 100-day action plan on economic cooperation last month.
Read more: US and China announce deal aimed at reducing trade gap - France 24
4/24/17
EU - Merkel Trumps U.S. Putting EU Ahead Of Britain In 'Trade Queue,' Begs Questions - by Roger Aitken
Shock, horror! U.S. President Donald Trump may
prioritize the European Union (EU) over Britain for a trade deal
following discussions in Washington with Germany’s Chancellor Angela
Merkel. Remainers in the UK weren’t surprised and reacted with heavy
sarcasm. But what does it mean for UK export and investment prospects?
Alastair Campbell, journalist, broadcaster and Downing Street press secretary under former Prime Minister (PM) Tony Blair, tweeted this weekend following news reported in The Times: “What's that Times front page I see? Trump putting EU deal ahead of UK? But they held hands...surely not?”
Another ex-journalist who worked for the BBC, Ben Bradshaw, Labour politician and MP for Exeter, wrote on the same social media channel: “Trump puts EU before UK in trade deal - what a surprise! Another reason why leaving the Single Market & Customs Union would be madness.”
It all comes within days of British PM Theresa May calling a snap general election that is scheduled for June 8. Hold onto your seats.
According to the report in The Times, the U.S. could forge a free-trade agreement with the EU bloc now that Trump had a change of heart on the issue after Frau Merkel persuaded the New York-billionaire to warm to the idea and became convinced it would be easier than he first thought.
That said, it apparently didn’t stop ‘The Donald’ from asking Merkel - in the first meeting between the West's pre-eminent leaders - no less than ten times if he could negotiate a trade deal with Germany according to a senior German politician who was quoted in the report.
Read more: Merkel Trumps U.S. Putting EU Ahead Of Britain In 'Trade Queue,' Begs Questions
Alastair Campbell, journalist, broadcaster and Downing Street press secretary under former Prime Minister (PM) Tony Blair, tweeted this weekend following news reported in The Times: “What's that Times front page I see? Trump putting EU deal ahead of UK? But they held hands...surely not?”
Another ex-journalist who worked for the BBC, Ben Bradshaw, Labour politician and MP for Exeter, wrote on the same social media channel: “Trump puts EU before UK in trade deal - what a surprise! Another reason why leaving the Single Market & Customs Union would be madness.”
It all comes within days of British PM Theresa May calling a snap general election that is scheduled for June 8. Hold onto your seats.
According to the report in The Times, the U.S. could forge a free-trade agreement with the EU bloc now that Trump had a change of heart on the issue after Frau Merkel persuaded the New York-billionaire to warm to the idea and became convinced it would be easier than he first thought.
That said, it apparently didn’t stop ‘The Donald’ from asking Merkel - in the first meeting between the West's pre-eminent leaders - no less than ten times if he could negotiate a trade deal with Germany according to a senior German politician who was quoted in the report.
Read more: Merkel Trumps U.S. Putting EU Ahead Of Britain In 'Trade Queue,' Begs Questions
2/13/13
Canada - U.S.-EU trade initiative ramps up pressure on Canada
The decision by the United States and Europe to pursue one of the largest and most sweeping free trade agreements ever attempted ramps up pressure on Canada to finish its own deal with the European Union.
After nearly three years of negotiations, Canada and the EU are very close to reaching a final deal. But a number of politically sensitive issues remain unresolved, including access to Europe for Canadian beef and cars, as well as how much duty-free cheese the Europeans will be able to sell in Canada.
Read more: U.S.-EU trade initiative ramps up pressure on Canada - The Globe and Mail
After nearly three years of negotiations, Canada and the EU are very close to reaching a final deal. But a number of politically sensitive issues remain unresolved, including access to Europe for Canadian beef and cars, as well as how much duty-free cheese the Europeans will be able to sell in Canada.
Read more: U.S.-EU trade initiative ramps up pressure on Canada - The Globe and Mail
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