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The repeated crises of recent years, including the COVID pandemic and the Russian war on Ukraine, have disrupted trade relations in many ways. Competition on global markets has become fiercer and the rules-based multilateral order established after World War II is increasingly challenged. The tariffs imposed by the new United States (US) administration are adding to the uncertainty. Trade in goods and services accounts for 22.4 % of EU GDP 鈥� the EU is the world's biggest trading bloc and top trading ...

Since the adoption of the Memorandum of Understanding on regulatory cooperation, the European Union and the United Kingdom have organised three meetings for dialogue and cooperation on financial services regulation. The meetings focus on macroeconomic developments, banking and anti-money laundering, capital markets, and digital and sustainable finance.

Much of the relationship between the United Kingdom (UK) and the European Union (EU) is set out in the Trade and Cooperation Agreement (TCA), which came fully into force in May 2021. The depth and complexity of relations between the EU and the UK following the latter's withdrawal on 31 January 2020 vary depending on the policy area concerned. For example, the TCA devotes many more articles to energy relations than to climate relations. This is due to a variety of reasons, but can often be partially ...

This infographic provides an insight into the economic performance of the United Kingdom compared with the European Union (EU) and looks at the trade dynamics between them. United Kingdom鈥檚 GDP per capita at the beginning of the series was significantly higher than the EU27 average. After the COVID-19 pandemic, the GDP per capita at PPP between the EU and the United Kingdom took converging directions. The exchange rate between the Pound Sterling and the Euro stabilized at approximately 0.9 after ...

The 'farm to fork' strategy is about building sustainable EU food systems, in line with the EU's Green Deal. Launched in May 2020, its elements are moving at different speeds, with much debate on its objectives and priorities. The EU institutions are helping to shape the various elements of the strategy. This is an update of an 'at a glance' note first published in October 2021.

India was among the first countries to establish diplomatic relations with the European Economic Community in 1962. Following the EU-India 1994 Cooperation Agreement, the parties built a multi-tiered institutional architecture of cooperation, and eventually upgraded their relationship to a 'Strategic Partnership' in 2004. During the same period, trade between the two partners grew significantly, reaching 鈧�115.4 billion in 2022. As a result, the parties began negotiations on a broad-based bilateral ...

On 30 June 2022, Commission President Ursula von der Leyen and then New Zealand Prime Minister Jacinda Ardern announced the conclusion of negotiations on a comprehensive EU-New Zealand free trade agreement (FTA). The agreement was signed on 9 July 2023. Although the 2014-2019 Commission had initially aimed to finalise negotiations before the end of its mandate, both sides raised several sensitive issues during negotiations, not least because New Zealand is a major and competitive producer and exporter ...

In 2022, the European Union鈥揂ssociation of Southeast Asian Nations (ASEAN) dialogue partnership celebrated its 45th anniversary. The same year saw the 55th anniversary of the founding of ASEAN. The ASEAN region currently collectively amounts to the world's fifth largest economy, a dynamic economic area home to more than 680 million consumers. To secure better access to opportunities in the region's market, the European Union (EU) started negotiations with ASEAN for a region-to-region free trade agreement ...

On 30 June 2022, Commission President Ursula von der Leyen and then New Zealand Prime Minister Jacinda Ardern announced the conclusion of negotiations on a comprehensive EU-New Zealand free trade agreement (FTA). The agreement was signed on 9 July 2023. Although the 2014-2019 Commission had initially aimed to finalise negotiations before the end of its mandate, both sides raised several sensitive issues during negotiations, not least because New Zealand is a major and competitive producer and exporter ...

This in-depth analysis offers a quantitative analysis of the Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada, six years after its provisional enforcement. Our analysis confirms substantial economic gains: goods exports from the EU to Canada increased by 27 % and imports rose by 32 % due to the agreement. The services sector also showed robust growth, with 19 % and 15 % increases in exports and imports, respectively. However, the paper identifies challenges, such as the ...