BRUSSELS, May 11 (Reuters) – The European Union and Mexico
will launch negotiations towards a new free-trade agreement
later this year, as Europe seeks to tie its economy closer to
North America following a deal with Canada and efforts to sign
an accord with the United States.
Building on a pact with Mexico from 2000, the European Union
hopes to create a transatlantic free-trade zone and help set the
global rules of commerce before China does. Mexico is jumping
ahead of Brazil, whose talks towards a similar deal with the
European Union have stalled.
BRUSSELS (Reuters) – France and Germany on Thursday backed proposed reforms to the way disputes in international commercial accords are settled, raising hopes the European Union may unblock an issue holding up trade negotiations with the United States.
Opposition to investment arbitration threatens to derail talks between Europe and the United States on forming the world’s largest free-trade zone, as some EU governments say the current system lets companies bully governments and undermines the rule of law.
BRUSSELS (Reuters) – European Trade Commissioner Cecilia Malmstrom said on Thursday that a planned EU-Ukraine trade deal would be implemented from the start of 2016 despite Russian calls for further delay and threats of retaliation.
Russian President Vladimir Putin has warned that Moscow will curtail Ukraine’s access to vital Russian markets if Kiev implements any part of a trade deal with the European Union.
BRUSSELS (Reuters) – The EU’s trade chief proposed on Tuesday creating a new European court to settle disputes in international trade agreements, a step aimed at overcoming growing public resistance to a free-trade accord with the United States.
Cecilia Malmstrom, the European Union’s trade commissioner, said the bloc needed to reform the way investors bring cases in trade treaties, amid concerns that U.S. firms could challenge EU law under the current system if Brussels and Washington reach agreement on a transatlantic trade deal they are negotiating.
BRUSSELS, May 5 (Reuters) – Athens will not back a
multi-billion dollar trade pact between Canada and the European
Union unless the deal is changed to specify that only Greece can
use the term “feta” for its salty white cheese, according to a
document seen by Reuters.
After five years of difficult negotiations, Canada and the
European Union agreed a free-trade accord last year, but
unexpected wrangling over aspects of the final text have
intensified in recent months and could delay its ratification.
BRUSSELS, May 5 (Reuters) – The European Union will
implement a free-trade pact with Ukraine from next year despite
Russian pressure for another delay, according to a draft
statement prepared for a summit with six of the bloc’s eastern
neighbours this month in Riga.
The joint declaration, which is likely to antagonise Moscow,
commits to the deal from Jan. 1, 2016, a date already a year
later than planned as Russia seeks to oppose European efforts to
integrate Ukraine and move it out of Moscow’s sphere of orbit.
BRUSSELS/BEIJING (Reuters) – Seizing on the 40th anniversary of diplomatic ties, Beijing has launched a diplomatic offensive to move Sino-European relations beyond trade and raise China’s international profile, buoyed by its success winning European participation in a new Asian bank.
A two-day visit by European Union foreign policy chief Federica Mogherini to Beijing on Tuesday to meet top Chinese officials, including Premier Li Keqiang, follows up on a visit by the head of the European Parliament in March and comes ahead of a China-EU summit in Brussels in June.
BRUSSELS (Reuters) – Confidence in the euro zone’s economy slipped slightly in April but business morale improved and household expectations of rising prices suggested that the threat of deflation may have been overcome.
The European Commission’s economic sentiment indicator fell by 0.2 points to 103.7, worse than the 103.9 that economists had forecast in a Reuters poll, although there were no signs that a recovery that began in December is falling away.
RIGA (Reuters) – As the buses carrying European finance ministers left for a gala dinner in the Latvian capital on Friday night, one of the party hung back at the hotel and then wandered off alone into the dusk.
Greece’s Yanis Varoufakis had other dinner plans, he said, after a bruising first day of meetings in Riga that underlined his isolation as he tries to avert national bankruptcy.
RIGA (Reuters) – Spain will make a bid to EU leaders in the coming weeks to take over as chair of euro zone finance ministers’ meetings, Spanish Economy Minister Luis de Guindos said on Saturday, seeking a post that shapes key policies in the single currency bloc.
The post, long sought by Madrid to balance what Spain sees as a loss of influence in the European Union, is held by Dutch Finance Minister Jeroen Dijsselbloem. His term expires in July, although he is well-respected and would like to continue.