Today, Commission Executive Vice-President Valdis Dombrovskis and Canadian Minister for Export Promotion, International Trade and Economic Development Mary Ng co-chaired the fourth Joint Committee...
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The EU and Taiwan have long-standing annual trade consultations. In June 2022, these consultations were upgraded to the EU-Taiwan Trade and Investment Dialogue, co-chaired by the director-general of DG TRADE and Taiwan’s minister of economic affairs. The second such Trade and Investment Dialogue was held in April 2023. Discussions focused on priority sectors including offshore wind and agri-food, digital trade facilitation measures, and security-related aspects of trade and investment. ...
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The EU’s trade relations with the Republic of Korea* are governed by the EU-Republic of Korea Free Trade Agreement (‘FTA’ hereinafter), provisionally applied since July 2011 and formally ratified in December 2015. The FTA was the EU’s first with an Asian country and the first to include a chapter on trade and sustainable development. To complement the FTA, the EU and the Republic of Korea launched negotiations for a digital trade agreement on 31 October 2023, building on the EU-Republic ...
Trade picture ; In 2023, the EU's trade in goods with Kazakhstan totalled €42.4 billion, a 5.6% increase on 2022. EU exports were worth €12.1 billion, a 17.2% increase on 2022, and imports from Kazakhstan reached €30.3 billion (up 1.6% vs. 2022). The trade balance in 2023 was €18.2 billion in favour of Kazakhstan, compared to €19.5 billion in favour of Kazakhstan in 2022. The EU's substantial trade deficit with Kazakhstan mainly results from Kazakhstan's oil and gas exports. Exports fr...
Trade picture ; The EU is India's largest trading partner, accounting for €124 billion worth of trade in goods in 2023 or 12.2% of total Indian trade, topping the USA (10.8%) and China (10.5%). The EU is the second-largest destination for Indian exports (17.5% of the total) after the USA (17.6%), while China only ranks fourth (3.7%). Trade in goods between the EU and India has increased by almost 90% in the last decade. Trade in services between the EU and India reached €50.8 billion in 2023...
The European Union and Mercosur states – Argentina, Brazil Paraguay and Uruguay – reached a political agreement on 28 June 2019 for an ambitious, balanced and comprehensive trade agreement. The EU is Mercosur's number one trade and investment partner. EU exports to Mercosur were €45 billion in goods in 2021 and €17 billion in services in 2020. The EU is the biggest foreign investor in Mercosur with a stock of €330 billion in 2020. While the relationship is very substantial both exporte...
Trade picture ; Bilateral trade and investment support millions of jobs in the EU and the US. Around 9.4 million people are directly employed. Indirectly, as many as 16 million jobs on both sides of the Atlantic are supported. The EU-US trade and investment relationship remains strong despite the economic challenges related to the Covid-19 pandemic. Transatlantic trade reached an all-time high of 1.2 trillion euro in 2021, surpassing pre-pandemic levels by more than 10%. The United States remain...