The EU Parliament and Council have reached agreement on a major reform of the EU Customs Code to address problems relating to e-commerce, safety of goods and efficiency.
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.
