WTO deal boosts world economy - EUbusiness Week newsletter 775
EUbusiness Week 775 top stories: Germany can do more to help eurozone, says EU; U.S. supports a united Europe: Pence; EU tightens screw on corporate tax dodgers; EU set to clamp down on online scams; Record high for EU agri-food exports in 2016; Protected status for Welsh coracle-caught salmon
There was a welcome boost to the world economy this week as the WTO
Agreement on Trade Facilitation (TFA) entered into force. By simplifying
and harmonising customs procedures worldwide, the TFA is estimated to
boost global trade by up to 1 trillion Euro annually - a bigger impact
than elimination of all existing tariffs worldwide.
According to EuroCommerce, the agreement will hugely benefit European wholesalers and retailers, who depend on global value chains. Good news also for developing countries, whose exports will be able to pass customs more quickly and cheaply.
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1. Germany can do more to help eurozone, says EU
With its persistently high current account surplus, Germany could do
more to help the eurozone economy, the European Commission said
Wednesday in its annual analysis of EU Member States' economies.
2. U.S. supports a united Europe: Pence
On his first foreign trip since taking office in January, United States
vice president Mike Pence said Monday that the U.S. administration's
commitment to a united Europe was "steadfast and enduring".
3. EU tightens screw on corporate tax dodgers
The EU continues its fight to close tax avoidance loopholes, as finance
ministers agreed their position on rules to close down 'hybrid
mismatches' with the tax systems of third countries.
4. EU set to clamp down on online scams
EU ministers agreed Monday a general approach to strengthen cooperation
between national authorities responsible for the enforcement of consumer
protection laws in the digital age.
5. Record high for EU agri-food exports in 2016
The EU had an agri-food trade surplus of EUR 18.8 billion in 2016,
according to a Commission report, with the annual value of agri-food
exports reaching a new record level at EUR 130.7 billion.
6. Protected status for Welsh coracle-caught salmon
Salmon caught using the ancient Welsh traditional method of coracle
fishing was awarded protected EU status Tuesday when it was added to the
EU's quality register of Protected Geographical Indication.
Austria debt: Austria will have to pay a fine of EUR 29.8m, as a
Commission investigation found that serious negligence led to
misrepresentation in statistical notifications of Austria's deficit and
debt data to Eurostat.
Latest news from the European Court of Justice
EU law firms
Inside the EU Institutions
Macroeconomic dialogue with the social partners - Council sets its
priorities for the 2018 EU budget - Council agrees its position on
hybrid mismatches - Consumer protection in the digital age
European Semester 2017: Winter Package - 2017 country reports - Foreign
language learning stats - probe into statistical reporting in Salzburg -
January 2017 annual inflation - EUR 82m emergency aid for South Sudan -
EUR 18m humanitarian aid for Ukraine - Energy consumption in 2015
Israel-Palestine: MEPs express their concerns about peace process -
Pesticides: MEPs want to promote use of natural alternatives - Ceta:
"This deal is important for Europe geopolitically as well as
economically" - Winter challenge: how many European capitals can you
27 Feb-2 Mar: European Parliament Committee Meetings
27 Feb: Transport, Telecommunications & Energy Council
28 Feb: Environment Council
28 Feb: European Industry Day
1-2 Mar: OLAF conference: evaluation of regulation 883/2013
1-2 Mar: European Parliament Plenary Session
2 Mar: Supporting innovation in Bulgaria
3 Mar: Employment, Social, Health, Consumer Affairs Council
The Week Ahead
Other news on EUbusiness this week
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8 Mar, London: Japan Securities Summit
28 Mar, Brussels: EU Energy Summit
27 Apr, London: GDPR Conference Europe
9 May, Utrecht: Global Forum for Innovations in Agriculture
20 Jun, London: Cyber Security SME 2017
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LinksDOOR: EU database of agricultural products and foods
CETA in your town