WASHINGTON/BRUSSELS, Dec 11 (Reuters) – Can Europeans, who
have balked for years at many U.S. food imports, accept a free
trade agreement with the United States that opens the door for
imports of genetically modified crops and chickens cleaned with
That’s one of the big questions facing policymakers as the
transatlantic trading partners, both hoping to boost exports to
help their struggling economies, consider launching talks in
2013 on a free trade pact.
BRUSSELS (Reuters) – A system that made patent registration up to 600 times more expensive in Europe than in China is being scrapped in favor of a one-size-fits-all pan-European process, EU officials said on Monday.
Signing off on a plan first considered in 1973, 25 of the EU’s 27 industry ministers – apart from Spain and Italy – agreed to allow inventors to register their idea with one EU agency.
BRUSSELS/WASHINGTON (Reuters) – The European Union and the United States stepped up their fight against Argentine trade practices on Thursday, formally requesting the World Trade Organization rule on whether the South American country’s import restrictions are illegal.
The move followed similar challenges from Japan and Mexico, meaning Buenos Aires is now embroiled in disputes with four major trade partners, who say its rules discriminate against foreign goods at a time when trade is central to their hopes of an economic recovery.
BRUSSELS (Reuters) – German exports of cars and machinery helped shield the euro zone from a deeper recession in the third quarter while companies emptied warehouses and cut investments, showing the role of trade in driving any recovery.
Confirming a 0.1 percent contraction in output for the July-to-September period, the EU’s statistics office Eurostat said on Thursday that exports were the only sector to make a significant contribution to growing the economy.
BRUSSELS, Dec 4 (Reuters) – Germany and France publicly
clashed on Tuesday over plans to put the European Central Bank
in charge of supervising banks, deepening a dispute over the
scope of the ECB’s powers that threatens to undermine one of
Europe’s boldest reforms.
With time running out to meet a pledge to complete the legal
framework for an EU-wide banking union by the end of the year,
Germany’s Finance Minister Wolfgang Schaeuble told a meeting of
EU finance ministers he said could not support a plan that would
give the ECB the final say on supervision.
BRUSSELS, Dec 4 (Reuters) – O’Donnell +32 475 69 15 89
European Union finance ministers will try to finalise plans
to put the European Central Bank in charge of supervising all
euro zone banks on Tuesday, but divisions over how ECB oversight
will work threaten to undermine one of Europe’s boldest reforms.
While leaders are agreed that creating a banking union is a
sound idea, they cannot agree on how best to structure it, how
far to go in unifying banking systems to share risk and how to
prevent discrimination between euro- and non-euro countries.
BRUSSELS, Nov 30 (Reuters) – Euro zone joblessness has
reached a new high and the poor state of the economy is reducing
inflation to near two-year lows, raising the prospect of further
interest cuts by the European Central Bank.
As the euro zone sinks into its second recession since 2009,
the number of people out of work in the euro zone rose by
173,000 people in October to almost 19 million people
unemployed, the EU’s statistics office Eurostat said on Friday.
BRUSSELS (Reuters) – EU trade ministers overcame resistance from the car industry on Thursday and agreed to start negotiations to create a free-trade pact with Japan, Europe’s most ambitious step so far in a strategy to tie up deals with the world’s biggest economies.
Agreement was reached only after France and Italy secured safeguards for carmakers that are already cutting jobs because of falling demand at home and worry that a deal could lead to greater Japanese imports and damage the industry.
BRUSSELS, Nov 29 (Reuters) – Economic morale in the euro
zone improved for the first time in almost a year in November,
but industry’s reluctance to invest next year bodes poorly for a
quick recovery from recession.
Sentiment towards the bloc’s economy rose 1.4 points to 85.7
beating forecasts and ending an eight-month run of falls, the
European Commission’s monthly business and consumer survey
showed on Thursday, with Germany and France gaining strongly.
BRUSSELS/TOKYO, Nov 28 (Reuters) – Britain is trying to
convince France and Italy to agree to negotiations with Japan to
create a free-trade area with the European Union despite
concerns that a deal would hurt the continent’s weaker
European free-trade advocates, including Britain, the
Netherlands and Sweden, want EU trade ministers on Thursday to
formally ask the Commission – the EU executive – to start talks
with Japan, the world’s third-largest economy.