Negotiations for an EU-Philippines trade and investment agreement were launched on 22... to trade, trade in services and investment, as well as trade aspects of public procurement...
Trade picture ; The EU is Pakistan's second most important trading partner, accounting for 15.3% of Pakistan's total trade in 2023. ; Pakistani exports to the EU are dominated by textiles and clothing, accounting for 73.2% of Pakistan's total exports to the EU in 2023. ; Pakistan's imports from the EU are mainly comprised of machinery and transport equipment (23.9% in 2023) as well as chemicals (19.8% in 2023). ; Pakistan is the largest beneficiary of the EU's GSP+ arrangement.
Thank you for the invitation to today’s conference. Now as you know, this year we transition towards a new political cycle in the European Union, following the elections of the European Parliament in June. And this year there are elections taking place also in many other countries. It should therefore not come as a surprise that change will be a Leitmotiv of my speech today. I will focus on the fast-changing circumstances of international trade and the growing complexity of it all, and in particular on the following three elements: ...
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 topics · Investment ; Through investment facilitation, the EU seeks to encourage the setting up of a more transparent, efficient and predictable business climate for investors. This includes, for instance, making information on investment rules public and easily available, or reducing delays in obtaining government permits and approvals. Investment facilitation contributes to unlocking investment opportunities notably for small and medium enterprises. This should also benefit developing countries by making it easier for domestic and fore ...
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 from Kazakhstan to the EU are dominated by mineral p ...
Digital technologies increasingly enable trade. For example: banks rely heavily on the... Digital trade in the EU’s trade strategy The growing importance of digital trade is reflected in...
Dispute settlement: ; is an objective and effective means of settling disagreements between States or between investors and States on government measures/practices; ; prevents unilateral actions and the escalation of diplomatic tensions, and contributes overall to peaceful international relations, and; ; clarifies the obligations of States under international law and develops a common understanding through case law.
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...
and trade relations with the EU are mainly governed by the agreement on the European Economic Area (EEA). Trade picture In 2022, Norway was the EU's 6 th most important partner for trade in...