The EU-Singapore Digital Trade Agreement entered into force on 1 February, marking an important step in the EU’s expanding network of digital trade agreements.
Following the looming threat of 30 per cent tariffs on EU imports, the United States and EU ended months of uncertainty with a trade agreement to reduce import tariffs to 15 per cent.
The EU warned China at a summit in Beijing against providing material support to sustain Russia’s military-industrial base, and that there need to be more balance in EU-China trade.
The United States was the largest consumer of EU automotive products in 2023, accounting for 20% of the total EU domestic value added, according to figures released by Eurostat.
The European Union and Indonesia have reached a political agreement on their Comprehensive Economic Partnership Agreement, marking a decisive milestone towards its conclusion.
The European Commission has agreed a new trade deal with Ukraine in a review which looks to the integration of Ukraine into the Single Market and it says safeguards the interests of EU farmers.
The European Parliament’s committee on international trade has approved a 50 per cent increase in tariffs on certain Russian and Belarusian agricultural goods to further reduce EU dependency.
