Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 244

Posts Tagged ‘trade’

European shipping welcomes the approval by the European Parliament of the EU-UK Trade and Cooperation Agreement

Posted by fidest press agency su sabato, 1 maggio 2021

Dopo il previo assenso delle commissioni per gli affari esteri e il commercio del PE, il 27 aprile il Parlamento europeo ha finalmente approvato l’accordo di commercio e cooperazione UE-Regno Unito con 660 voti a favore, a soli quattro giorni dalla fine del periodo di candidatura ad interim. L’accordo, che ora può entrare in vigore il 1 ° maggio, è già stato ratificato dal Regno Unito ed è applicabile in via provvisoria dal 1 ° gennaio 2021, dopo essere stato concordato dall’UE e dai negoziatori del Regno Unito il 24 dicembre 2020.Il 1 ° gennaio 2021, il periodo di transizione è terminato dopo che il Regno Unito ha lasciato l’Unione europea il 31 gennaio 2020. Le sue relazioni commerciali con l’UE sono state temporaneamente disciplinate dall’accordo commerciale e di cooperazione (TCA) UE-Regno Unito, che istituisce un’area di libero scambio di beni e servizi paragonabile agli accordi commerciali che l’UE ha firmato con altri partner globali, come il Giappone.L’accordo commerciale e di cooperazione UE-Regno Unito concluso tra l’UE e il Regno Unito stabilisce accordi preferenziali in settori vitali come il commercio di beni e servizi, l’economia digitale, i diritti di proprietà intellettuale, l’applicazione della legge e la cooperazione giudiziaria. Comprende anche disposizioni per garantire condizioni di parità.Sebbene ciò non possa essere considerato equivalente alla situazione in passato, quando il Regno Unito era ancora un membro dell’UE, l’accordo di commercio e cooperazione va oltre le disposizioni di un grezzo accordo di libero scambio e ora fornisce una solida base per preservare la libertà commerciale, rispetto dei diritti umani fondamentali e cooperazione reciproca.Avendo fortemente sostenuto una soluzione negoziata che consentisse il flusso continuo del commercio senza interruzioni, il Segretario generale dell’ECSA Martin Dorsman ha dichiarato:“Accogliamo con favore la fine di un lungo periodo di incertezza sul rapporto tra l’UE e il Regno Unito e sottolineiamo il ruolo fondamentale svolto dall’industria marittima sia per l’economia dell’UE che per quella del Regno Unito. Il settore marittimo è cruciale per l’economia del Regno Unito e rappresenta il 76% del commercio estero dell’UE: salvaguardare i flussi commerciali tra l’UE e il Regno Unito è fondamentale per la ripresa dalla pandemia e le relazioni reciproche “.

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EU-UK next week in the trade committee

Posted by fidest press agency su lunedì, 14 dicembre 2020

L’Europa deve trarre i giusti insegnamenti dall’emergenza COVID-19 Lo deve per spianare la strada a una ripresa verde, mettendo le proprie città e regioni in grado di guidare la lotta contro i cambiamenti climatici, avvertono i leader locali e regionali. Questo il messaggio lanciato durante un dibattito tra i membri del Comitato europeo delle regioni e Svenja Schulze, ministra federale tedesca dell’Ambiente, della protezione della natura e della sicurezza nucleare. Il Comitato europeo delle regioni ha inoltre invitato tutti i capi di Stato e di governo dell’UE a 27 a innalzare le loro ambizioni e a concordare questa settimana un obiettivo di riduzione delle emissioni di almeno il 55 % entro il 2030.

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Trade MEPs agree to new EU export rules on dual use items

Posted by fidest press agency su venerdì, 4 dicembre 2020

The trade committee backed the new set of rules for exporting dual use products and technologies, including cyber-surveillance tools.The reviewed rules, agreed provisionally by Parliament and Council negotiators on 22 November, govern the export of so-called dual use goods, software and technology – for example, high-performance computers, drones and certain chemicals – that can have legitimate civilian applications, but can also be used for the development of weapons of mass-destruction, terrorist acts and human rights violations.The current update, made necessary by technological developments and growing security risks, includes new criteria to grant or reject export licenses for certain items.Thanks to Parliament’s negotiators, the updated regulation will also have substantially stronger human rights considerations among those new criteria to avoid that certain surveillance and intrusion technologies exported from the EU contribute to human rights abuses.It will set up an extensive, EU list of technologies that are subject to export restrictions. The list, which goes beyond international lists, also includes stricter export controls on certain cyber-surveillance tools in the interest of protecting human rights and political freedoms. The regulation also sets up an EU-level coordination mechanism for the exports of cyber-surveillance items, new transparency and reporting obligations for member states, and will swiftly incorporate emerging technologies.The Committee on International Trade approved the provisional agreement by 39 votes, with two against and one abstention on 30 November (the results were announced on 1 December). The proposal for the updated regulation now needs to be formally endorsed by Parliament as a whole, as well as the Council, before it can enter into effect.

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Deutsche Bank sees rebound in trade finance volumes post Covid-19

Posted by fidest press agency su lunedì, 30 novembre 2020

Deutsche Bank sees global trade finance volumes rebounding by more than 7 percent in 2021.Daniel Schmand, Deutsche Bank’s Head of Trade Finance and Lending, forecasts that trade finance will be one of the winners in a post-Covid-19 environment. “The World Trade Organization has forecast a 9.2 percent decline in the volume of world merchandise trade for this year, but it considers a rebound by more than 7 percent to be more than likely next year”. “Since the news that a Covid-19 vaccine might be broadly available in the New Year, our global trade finance outlook has improved. We expect trade finance activity to return to pre-crisis levels around the middle of next year. Given the broad correlation of global trade and GDP growth, this is very encouraging.” Deutsche Bank has been providing trade finance services supporting importers and exporters for more than 150 years and is one of Deutsche Bank’s core businesses. During the COVID-19 crisis it has been working with the German government and KfW Bank to roll out a range of loans and guarantees to support businesses affected by the pandemic.

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Stronger EU powers in trade disputes: trade MEPs back rule revision

Posted by fidest press agency su sabato, 14 novembre 2020

Trade MEPs agreed Tuesday to bolster the EU’s ability to use countermeasures in trade disputes.The informal agreement reached on 28 October with the member states and put to vote on 10 November was approved by 40 votes in favour and two against. The results of the vote was published on 11 November.The update of the enforcement regulation is necessary to allow the EU to use countermeasures after it obtained a favourable ruling from a dispute settlement panel of the World Trade Organisation (WTO) or of bilateral and regional agreements, while the other party fails to cooperate on further arbitration. (The Appellate Body of the WTO is currently defunct due to blockage.Emphasizing that services and intellectual property rights account for a large and growing share of world trade and are covered by international trade agreements, Parliament negotiators succeeded in extending the scope of the regulation to also cover all services as well as European trademarks, designs and geographical indications.They also ensured that Commission would examine breaches with negative effect on workers or the environment in a trade context with the same attention as breaches of market access when raised by the Parliament. Enforcement measures will apply in this field as soon as trade agreements permit it.Parliament negotiators insisted on an instrument to allow the EU to deter and counteract other countries trying to force policy choices on the EU. Commission agreed to present a proposal no later than the end of 2021. The Council also committed to consider the proposal in a timely manner. The informal agreement reached in the tripartite negotiations will now be put to vote in plenary and the Council will also formally adopt the revision of the regulation.

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Lobster-deal gets trade committee backing

Posted by fidest press agency su sabato, 14 novembre 2020

The committee supported on 10 November by 40 votes for and two against the agreement reached between the EU and the US in August 2020 (the vote outcome was announced on 11 November). The agreement will eliminate customs duties on live or frozen lobster imported from the US. In exchange, the US will provide duty relief of a comparable economic value on European products, such as prepared meals, certain crystal glassware and cigarette lighters.The committee gave its consent to the mini-deal in the wake of the US elections as a sign of hope for renewed negotiations between the two parties, despite ongoing disputes due to US-levied duties on European steel and aluminium products. Bernd Lange (S&D, DE), rapporteur: “Thanks to our engagement, the Commission is now more assertive on the US aluminium tariffs. This, in addition with a new US administration, puts the lobster deal in a new light. Let’s move forward and use this deal as a stepping stone for more constructive transatlantic dialogue”, said the rapporteur who is also the chair of the trade committee.The plenary session of the Parliament now needs to give its consent to the agreement for Council to be able to seal the deal. The agreement will then apply retroactively from 1 August 2020 for five years.In the first EU-US tariff reduction deal in two decades, the two partners agreed on 21 August to eliminate or reduce customs duties for a small number of tariff lines covering €168 million of EU and US exports. Check the list of products here.

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Agreement on stronger EU countermeasures in trade disputes

Posted by fidest press agency su domenica, 1 novembre 2020

Parliament and Council agreed Wednesday in ways to bolster the EU’s ability to use countermeasures in trade disputes. The update of the 2014 enforcement regulation was necessary to allow the EU to use countermeasures after it obtained a favourable ruling from a dispute settlement panel of the World Trade Organisation (WTO) while the other party appeals into the void (with the Appellate Body of the WTO currently defunct due to blockage). The EU could similarly retaliate with customs duties and quotas when its partners disregard bilateral or regional trade agreements and at the same time, shun the arbitration mechanisms.Parliament negotiators agreed with the goals of the proposal and negotiated the following changes: • the scope of the regulation will now cover not only goods but also services and certain trade-related aspects of intellectual property rights; • the institutions will revisit a further extension in the field of intellectual property rights in one year after application; • the Commission is going to examine breaches in the field of sustainable trade with the same attention as breaches of market access; and • the Commission committed to draft a law on a new instrument to dissuade or counter “coercive” actions of a third country that violates international law, in 2021. Council pledged to work on the proposal.

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Bruxelles This week in the trade committee

Posted by fidest press agency su lunedì, 12 ottobre 2020

Bruxelles.Monday, 12 October 2020, 16:45-18:45 Brussels, ANTALL builiding 6Q2 Extraordinary meetings of the Committee on International Trade (INTA) and Bruxelles Thursday, 15 October 2020, 11:45-12:45 and 13:45-14:45 ANTALL building 6Q2 (am session) and 4Q2 (pm session) The meeting is held with physical and remote participation (Members are able to view and listen to the proceedings, ask for the floor and intervene in the meetings, and vote). A renewed EU trade policy after the COVID-19 pandemic is the topic of the 2020 Trade Policy Day in the Parliament. Keynote speech by Trade Commissioner and Commission Executive Vice-President Valdis Dombrovskis. For further speakers, check the programme. Debates on Thursday: French-Dutch non-paper on sustainable trade. With Sigrid Kaag, Dutch Minister for Foreign Trade and Development Cooperation, and Franck Riester, French Minister Delegate for Foreign Trade and Economic Attractiveness. (14:40-15:45) Elimination of customs duties on certain products in EU-US trade for five years. Rapporteur Bernd Lange (S&D, DE) presents his draft report on the Commission proposal to mutually cut import tariffs on a small range of products, including on frozen lobsters from the US and glassware from the EU. Read his report here. (11:45-12:15) The application of EU tariff rate and other import quotas. In a Brexit-related report, rapporteur Christophe Hansen (EPP, LU) proposes to agree that these quotas should be available only for goods imported and released into free circulation in the EU and not in Northern Ireland. (13:45-14:00) In an effort to reduce the spread of the COVID-19 virus, Parliament is reducing the need for physical meetings on its premises, without compromising its role of democratic scrutiny nor its ability to approve the necessary legislative measures to combat the virus and support the public, consumers, businesses and emergency services.The required social distancing of 1.5 m will be respected on EP premises at all times. Any parliamentary activities, like committee and plenary meetings, which are still taking place will be web-streamed and can be followed by the media without requiring their physical presence on EP premises. MEPs, Commissioners, Council representatives and other invitees will be able to participate remotely.

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Hearing of Executive Vice-President Valdis Dombrovskis on trade portfolio

Posted by fidest press agency su martedì, 6 ottobre 2020

Mr Dombrovskis announced “a launch of a WTO trade and climate initiative, focusing on green goods”, acknowledging that “today, trade is about much more than just trade”. He intends to reshape the EU’s future trade policy to make it more sustainable, including in the Mercosur trade agreement where the EU must “find lasting solutions for the Amazon region” before its ratification. MEPs welcomed the planned new trade defence measure but also emphasised that the EU’s tools must be sharp enough to ensure that “existing trade agreements don’t only work on paper but in practice, too.” On Transatlantic trade relations, some MEPs asked for the EU to prepare for the WTO judgment to impose USD4 billion worth of tariffs on US goods in the Boeing case.Several MEPs called for a trade policy linked closely to the Green Deal and the Sustainable Development Goals, and a long-awaited proposal on enforcing sustainable development chapters in trade agreements through sanctions. Several MEPs expect a new trade commissioner to ensure the Mercosur deal is environmentally sustainable and to protect the respect for human rights in the investment deal with China.MEPs asked the candidate about obligatory due diligence for companies to ensure sustainable supply chains, which Mr Dombrovskis pledged to propose. Other MEPs wanted to know about future steel safeguards against dumping on the EU market and prospects for an EU-UK trade deal. Based on the committees’ recommendations, the Conference of Committee Chairs will assess the outcome of the hearing and forward its conclusions to the Conference of Presidents. The latter will carry out the final evaluation on 6 October and decide if the hearing can be concluded. If so, the plenary will vote on whether or not to approve the portfolio change on 7 October, in Brussels.

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Next week in the trade committee

Posted by fidest press agency su venerdì, 18 settembre 2020

Brussels, ANTALL builiding 4Q1Thursday 24 September 2020, 9:00-11:00, 11:30 -12:30 and 16:45 -18:45The meeting is held with remote participation (Members are able to view and listen to the proceedings, ask for the floor and intervene in the meetings, and vote).Exceptional trade measures for the Western Balkans. Rapporteur: Emmanuel Maurel (GUE/NGL, FR). Trade preferences to be continued on various agricultural products for Serbia, Montenegro, Albania, Kosovo, Bosnia and Herzegovina and North Macedonia to support the economic integration of the region.Decision on a question requiring the Commission’s oral response on trade related extra-territorial effects of third countries’ sanctions. Rapporteur: Bernd Lange (S&D, DE). The committee might want to know how the Commission wants to equip the EU to better protect it against these sanctions in general, but also what the Commission plans to do about Nord Stream 2 sanctions by the US and to improve the efficiency of INSTEX, in particular.Votes on amendments start at 10:50, on the final versions of the texts at 18:25.Elimination of customs duties on certain products in EU-US trade for five years. This is the first discussion about the Commission proposal after a mini-deal to mutually cut import tariffs on a small range of products, including on frozen lobsters from the US and glassware from the EU, was agreed between the parties this August. Rapporteur: Bernd Lange (S&D, DE) (9:05-9:45)First exchange of views with the EU’s first Chief Trade Enforcement Officer, Denis Redonnet. (9:45-10:50) on the mini-deal and other issues. (9:45-10:50). Overview of ongoing trilogue negotiations, including that on the enforcement regulation (11:30-11:40).

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Next week in the Committee on International Trade

Posted by fidest press agency su venerdì, 28 agosto 2020

Bruxelles.Thursday 3 September 2020, 9:00-11:00 and 16:45 -18:45 ANTALL builiding 4Q1The meeting is held with remote participation (Members are able to view and listen to the proceedings, ask for the floor and intervene in the meetings, and vote).
– Common commercial policy in 2018. Rapporteur: Jörgen Warborn (EPP, SE). The own-initiative report takes stock of the developments of 2018 as well as of the last two years, discussing among others EU-US relations, WTO, China, free trade agreements in effect and on the way, and trade and sustainable development. Draft report here, proposed amendments here.
– Trade committee opinions to three topics: global deforestation, Africa strategy, and the EU-Moldova Association Agreement.
Votes on amendments start at 10:40, on the final versions of the texts at 18:30.
– Presentation by German economy and energy minister Peter Altmeier on the trade priorities of the Council Presidency until the end of the year. (9:05-10:00)
– Discussion of the Geographical Indications (GI) agreement between the EU and China. Rapporteur: Iuliu Winkler (EPP, RO). The rapporteur recommends supporting last November’s agreement on the protection of GIs for wines, spirits, agricultural products and foodstuffs. Draft report here, proposal for Council to support the deal here. (16:45-17:20)
– Discussion about the trade related aspects of the foreign subsidies white paper issued by the Commission in June, with Commission officials from DG Competition. (17:20-18:20)

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Making EU Trade Agreements work to the benefit of businesses and regions

Posted by fidest press agency su mercoledì, 29 luglio 2020

EU trade agreements with third countries cover more than 70 markets over the world and offer new opportunities for EU companies, including SMEs. Almost 36 million jobs depend on EU exports, of which at least 6 million have been created directly by exporting SMEs. Europe, more than most other world regions, depends on access to foreign markets for its prosperity, and this trend will only increase further: 90% of world growth will be generated outside the EU by 2020.The growth opportunities opened with those trade agreements will not fully materialize without their full implementation. Despite recent noteworthy improvements in getting the benefits of trade agreements to our European businesses, the interplay between the relevant actors still needs to be further strengthened. Still too many European businesses are not aware of the EU trade agreements, and are not sufficiently well instructed how to use them in practice.Chambers of commerce and regional authorities are essential elements to improving implementation across the EU as they are closest to local businesses and able to provide information relevant to the regional characteristics.The workshop will be an opportunity to look into what hurdles are encountered in the member states, regions, and among the SME community in relation to implementation of FTAs and the challenges for a more effective implementation. In light of the announced focus of the upcoming Commission on improving implementation of trade agreements, the workshop will also look into the role that each level of government could play in that regard. After the presentation of the main findings of the CoR – EUROCHAMBRES survey on the implementation of FTAs and the EPRS analysis on Implementation of CETA, a panel debate will focus on the possible avenues for improving the uptake of existing EU trade agreements by SMEs in all EU member states and regions and thus for making trade and globalisation work as an engine for sustainable growth, employment and industrial renewal.

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Trade MEPs in Washington, DC, to discuss EU-US trade relations

Posted by fidest press agency su domenica, 23 febbraio 2020

A delegation of trade MEPs will meet their American counterparts in Congress and US trade officials on a four-day visit to urge easing of current EU-US trade tensions.The seven-member delegation, led by Bernd Lange (S&D, DE), the chairman of the Committee on International Trade, is in Washington, DC between 24-27 February, 2020. The first trade delegation to the US of the current legislature, and also since 2013, the trade MEPs expect to discuss about possible positive developments in trade relations between the EU and its largest trade partner. MEPs will argue for common solutions to common problems with the US.Members of the delegation:Bernd Lange (S&D, DE), chairman of the Committee on International Trade, head of delegation
Danuta Hübner (EPP, PL), Anna-Michelle Asimakopoulou (EPP, EL), Miapetra Kumpula-Natri (S&D, FI), Liesje Schreinemacher (RE, NL), Reinhard Bütikofer (Greens/EFA, DE), Geert Bourgeois (ECR, BE).The MEPs are set to meet officials at the office of the United States Trade Representative, including Deputy US Trade Representative Jeff Gerrish, and members of the House Ways and Means Committee and the Subcommittee on Trade.
hey will also meet officials of the Department of State, Treasury and Commerce, business organisations, environmental organisations, civil society, trade unions and think tanks.Bernd Lange (S&D, DE)“The delegation will meet a wide range of stakeholders, from Congressmen through environmental organizations to business, as a demonstration that our relationship with the United States extends beyond that with the current US administration. We are in Washington with one common message: only dialogue and partnership between the US and Europe can help us face current global trade challenges, such as WTO reform. We will not be bullied by ever more tariffs, but we are ready to look carefully at issues the US brings to the negotiation table.”

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Visit Brussels svela i progetti trade per il 2020

Posted by fidest press agency su mercoledì, 5 febbraio 2020

L’Ufficio del Turismo di Bruxelles, svela la strategia che orienterà le azioni sul trade nel 2020, annunciando un programma ricco di appuntamenti speciali che coinvolgeranno la filiera del turismo organizzato.Ursula Jone Gandini, Direttore Italia dell’Ufficio del Turismo di Bruxelles, dichiara: “Quest’anno moltiplicheremo le occasioni di incontro con le agenzie di viaggi. Cominciamo a marzo con un importante momento istituzionale in collaborazione con l’Ufficio Belga per il Turismo Vallonia, durante il quale gli agenti di viaggio avranno la possibilità di incontrare personalmente diversi partner provenienti dal Belgio. Parallelamente, stiamo collaborando con un noto tour operator per organizzare un roadshow in tutta Italia. Parteciperemo a diversi appuntamenti trade, come BTM Sicilia e TTG Travel Experience, e non mancheranno i nostri eventi Visit Brussels all’insegna di divertimento, formazione, buon cibo e … sorprese imprevedibili! Proprio a questo proposito, anticipo che a settembre organizzeremo una straordinaria “Secret Dinner” sulla quale ovviamente non posso rivelare nulla!”Sulla base dei dati ufficiali di Visit Brussels, aggiornati al periodo gennaio/settembre 2019, l’Italia cresce a doppia cifra sia nel numero di arrivi che di pernottamenti. “Considerando il leisure – prosegue Gandini – siamo il terzo mercato al mondo per tassi di incremento, con una media del 16%, e questo dipende anche dal supporto del trade. Il dato più interessante è la crescita dei pernottamenti, segno che non solo sempre più italiani scelgono Bruxelles, ma che decidono di fermarsi in città più a lungo, per approfittare quanto più possibile della sua eclettica offerta”.Tra festival, mostre d’arte ed eventi di ogni genere, la Capitale delle Capitali è in continuo fermento e offre opportunità diversificate per ogni target, accomunate da uno spirito anticonvenzionale, rilassato e gaudente, che intercetta sempre di più i desideri dei viaggiatori italiani.Tanti gli appuntamenti in calendario nel 2020, a cominciare dal Tapis de Fleurs, evento iconico della città che ricoprirà la Grand Place di un coloratissimo tappeto di fiori dal 13 al 16 agosto. Non mancano attività culturali di richiamo internazionale, come la retrospettiva dedicata a Keith Haring al BOZAR – Centro delle Belle Arti di Bruxelles – fino al 19 aprile, e “Punk Graphics – Too Fast to Live, Too Young to Die”, mostra che esplora il singolare ed esclusivo linguaggio visivo del movimento punk allestita all’ADAM, il Museo del Design di Bruxelles, fino al 26 aprile.

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Stop illegal trade in cats and dogs, says Public Health Committee

Posted by fidest press agency su giovedì, 23 gennaio 2020

On Tuesday, the Environment, Public Health and Food Safety Committee adopted a resolution demanding action against the illegal trade in pets to protect animal welfare, consumers and public health.The text calls for a series of measures to address illegal trafficking of companion animals, including:
• an EU Action Plan clearly setting out responsibilities to address the illegal trade in companion animals,
• a Commission proposal to set up a mandatory EU-wide system to identify and register cats and dogs,
• an EU definition of large-scale commercial breeding facilities known as puppy mills,
• improved law enforcement and tougher sanctions for those involved (veterinarians, national public services, economic operators),
• better cooperation, communication and training for customs and veterinary authorities,
• encouraging people to adopt, rather than purchase, companion animals.
The resolution was adopted with 66 votes to 0 and 3 abstentions. It will now be put to a vote at the plenary in Strasbourg. It is tentatively scheduled for the February session.Each year, many companion animals are illegally traded in the EU by abusing the EU’s pet movement legislation (Regulation (EU) No 576/2013), which is intended for non-commercial movement of pet animals.
Aside from the negative implications on public health, animal welfare and consumer protection, it has also become a source of income for organised international crime. It affects the smooth functioning of the EU internal market through lost taxes and by creating unfair competition, particularly with the increase in online sales.

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EU-Vietnam free trade deal gets green light in trade committee

Posted by fidest press agency su giovedì, 23 gennaio 2020

The Committee on International Trade backed the free trade and investment protection agreements between the EU and Vietnam on Tuesday.The committee gave its consent to the free trade agreement by 29 votes, six votes against and five abstentions and recommends that EP Plenary should do the same. The agreement will remove virtually all tariffs between the two parties in ten years. It will protect emblematic European products, and allow Europe to access the Vietnamese public procurement market.The agreement is also an instrument to protect the environment and further social progress in Vietnam, including in labour rights, the resolution accompanying the consent decision states. The trade committee’s demands from Vietnam, including on labour and human rights, as well as on the mechanism ensuring the enforceability of the sustainability clauses, was adopted by 29 votes for, nine against and two abstentions.The main elements of the trade deal are the following:
• removal of customs duties: 65% of EU exports to Vietnam will be immediately duty free, with the rest – including motorcycles, cars, pharmaceuticals, chemicals, wines, chicken and pork – gradually liberalised over ten years. 71% of Vietnamese exports to the EU will be duty free on day one, with the rest catching up in seven years. Duty-free Vietnamese exports of sensitive agricultural products, such as rice, garlic or eggs, will be limited;
• non-tariff barriers will be eliminated in the automotive sector, export and import licensing, and customs procedures. Vietnam accepted the “Made in EU” marking, beyond national markings of origin, for non-agricultural products;
• geographical indications: 169 emblematic EU products such as Parmigiano Reggiano cheese, Champagne, or Rioja wine, will enjoy protection in Vietnam, as will 39 Vietnamese products in the EU;
• services: EU companies will have improved access to business, environmental, postal and courier, banking, insurance and maritime transport services in Vietnam ;
• public procurement: EU firms will be able to bid for contracts with Vietnamese ministries, state-owned enterprises, as well as with Hanoi and Ho Chi Minh City;
• sustainable development: there are legally-binding rules on climate, labour and human rights. The agreement commits Vietnam to apply the Paris Agreement. Vietnam scheduled the ratification of two remaining bills on the abolition of forced labour and on freedom of association by 2020 and 2023, respectively. If there are human rights breaches, the trade deal can be suspended.
Separately, the trade committee also agreed by 26 votes for, seven against and six abstentions to an investment protection agreement providing an investment court system with independent judges to settle disputes between investors and state. The accompanying resolution passed by 27 votes for, seven against and five abstentions. Rapporteur Geert Bourgeois (ECR, BE) said: “With the consent to this trade deal with Vietnam, the trade committee is giving a positive signal to the ASEAN region and the rest of the world at a time when trade tensions are rising. Besides its geopolitical and economic importance, I am convinced that this agreement will accelerate the reform process within Vietnam. The ratification will strengthen further progress on labour and environmental standards and the respect for human rights.”

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Next week in Trade Committee

Posted by fidest press agency su domenica, 19 gennaio 2020

The Trade Committee will meet Monday afternoon and all day Tuesday next week. Here are the highlights.Vote on EU-Vietnam free trade and investment protection agreements. Trade MEPs will vote on a consent file and a resolution to each of the two agreements at 10:00 Tue morning .The trade agreement will eliminate virtually all tariffs on goods traded between the two sides. The investment protection agreement makes investment protection enforceable through the new Investment Court System. Rapporteur: Geert Bourgeois (ECR, BE) Presentation of report on intellectual property rigths in third countries
On Mon afternoon, Trade MEPs discuss the Commission’s latest bi-annual report on how third countries regard IPR issues. Published on 20 December last year, the report gives a detailed analysis on China.Croatian presidency trade prioritiesTuesday morning at 9:00 Croatian foreign and EU affairs minister Gordan Grlić Radman presents the priorities of his country’s presidency.
A separate hearing takes place between 15:00 and 18:00 Tuesday on trade policy in turbulent times, and how trade policy can be squared wtih sustainable development goals. More information here.
Time of meeting: Monday, 20 January 15:00-17:30, and Tuesday, 21 January 9:00-12:30 and 15:00-18:00

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Sydney Chamber chief calls BBB matchmaking “a unique opportunity” to strengthen EU/Australia trade ties

Posted by fidest press agency su lunedì, 21 maggio 2018

The Business Beyond Borders (BBB) activities at CeBIT Australia 2018 were praised by the Hon. Patricia Forsythe, Executive Director of the Sydney Business Chamber and speaker at the European Night: “Sydney is both a strong and vibrant business centre and economy, and we have a part to play in the global world, including stronger ties with Europe. Activities like this European Night and the BBB matchmaking sessions are a unique opportunity to strengthen these ties and increase the number of business partnerships at CeBIT”.Taking place during the 17th edition of CeBIT Australia (15th – 18th May), the first BBB event in the South Pacific and Oceania region focused on companies in the business technology and ICT sector. Over the course of CeBIT, BBB facilitated hundreds of one-to-one matchmaking meetings booked between 268 companies representing 27 countries.The proposed Free-Trade Agreement (FTA) between the EU and Australia was also praised as “a big step forward for EU-Australia business” by Tim Goulain, Policy and Networks Director of the European Australian Business Council (EABC), during the “Business Beyond Borders”-organised European Night networking session at CeBIT Australia:“Australia and the EU are like-minded trade, investment and business partners. The proposed FTA agreement will be a big step forward for EU-Australia business relations. The EU is Australia’s second largest trading partner; its third largest export destination; and its second largest services export market. A vast number of businesses are following the negotiations closely”, stated Mr. Goulain during the panel discussion at the European Night.Coming from Lithuania, Marius Domasevicius of Teltonika considered the matchmaking sessions at CeBIT to be very positive for their company: “We had some great meetings and managed to strike some deals, and even sell some of our products during the trade fair. It was very fruitful for us”. Likewise, Katrine Narkiewicz, the Founder Lawyer of virtual law firm, KMI Legal, founded in Sydney, said: “CebIT Australia’s European Night, organised by Business Beyond Borders, brought together an inspiring group of speakers and supporters of the EU and Australia alliance”.The BBB matchmaking event at CeBIT Australia took place two months after the first official mission to Australia and New Zealand undertaken by the European Commissioner for Internal Market, Industry, Entrepreneurship and SMEs, Elżbieta Bieńkowska, who has previously praised the great business opportunities for SMEs and other companies facilitated by this EC-funded initiative.“Business Beyond Borders” helps businesses, especially Small and Medium Enterprises (SMEs) and clusters, to trade across borders and explore third markets. It has held six successful international events (in Madrid, Cape Town, Paris, Milan, Cannes and Santiago) where over 250 new business partnerships have been agreed. The BBB event at CeBIT Australia was organised in collaboration with Deutsche Messe and the New South Wales Business Chamber.The next BBB matchmaking events will take place at AMB Iran (26th-29th June, Tehran, Iran), Renewable Energy India (18th – 20th September, New Delhi, India), and VISION (6th – 8th November, Stuttgart, Germany); and will be aimed at companies operating in the metal-cutting technology, renewable energy, and machine vision industries, respectively.

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Audio Network Awarded the Queen’s Award for Enterprise in International Trade 2018

Posted by fidest press agency su giovedì, 26 aprile 2018

Audio Network Limited, a global music company creating high-quality, original music for television, advertising, enterprise and digital media, has been awarded by Her Majesty the prestigious Queen’s Award for Enterprise in International Trade.The annual awards, announced on Her Majesty The Queen’s birthday April 21, are the UK’s most prestigious business awards, recognising and celebrating business excellence across the UK in the areas of Innovation, Sustainable Development, International Trade, and Promoting Opportunity Through Social Mobility.
As the award recipient for International Trade, Audio Network has been recognised for its phenomenal international growth over the past six years, with export sales growing by £13.8 million, representing 73% of total annual sales.This is the third award for Audio Network from Her Majesty The Queen with previous recognitions of the Queen’s Award for Innovation in 2008 and International Trade in 2012.Robb Smith, CEO of Audio Network said, “At our core, we are committed to crafting and sharing with the world the best music from renowned artists and composers. It’s an honour for us to be acknowledged through the Queen’s Award for our strength in International Trade.” The award will be presented by the Lord-Lieutenant of the County, Her Majesty The Queen’s local representative, at the Audio Network headquarters in London, followed by a reception at Buckingham Palace in June.

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Record broken in crowdfunding. Fastest exit on FundedByMe. Frontoffice gets listed on stockmarket 3 months after crowdfunding

Posted by fidest press agency su mercoledì, 25 maggio 2016

stoccolma1Stockholm, 24 May 2016: Swedish company reconstruction firm FrontOffice Nordic AB, which raised almost €600,000 from crowdfunding investors on FundedByMe in February 2016, has been listed on the Nordic Growth Market (NGM) stock exchange. This announcement makes FrontOffice the first successfully crowdfunded company in Scandinavia – and one of the first in Europe – to be listed on a stock exchange.Crowdfunding investors into FrontOffice – who could buy shares for a minimum investment of €53 – are now able to trade those shares on this regulated stock exchange, licensed by the Financial Supervisory Authority.“With the rate of market maturation, this is very exciting for FundedByMe – but also for equity crowdfunding globally,” says Daniel Daboczy, CEO and co-founder of FundedByMe. “I personally invested in FrontOffice and following this path to NGM has been thrilling. I firmly believe that this paves the way for other crowdfunding companies while reestablishing to investors the fact that equity crowdfunding is changing the finance and investment market for the better,” Daboczy continues.FrontOffice launched its crowdfunding campaign on FundedByMe on 25 November 2015 and closed it in mid-February 2016 after overfunding up to 111% from 183 investors. Since the company was founded in 2013, the aim had been to list FrontOffice shares on the stock market. “Both the company and the market was ready for a public listing and I believe that the visibility that comes with being listed on NGM will in turn enable us to help more customers,” says Johan Lund, Managing Director of FrontOffice Nordic AB (publ.).This listing comes in the same week as FundedByMe has launched its own equity crowdfunding round, which confirmed more than 80% of its €800,000 since opening 7 days ago. View that campaign here / http://fundedbyme.com/invest

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