EU Trade News Updates 19th November 2015
Tightening the rules of illegal firearms.
The European Union said Wednesday it will push through plans to tackle
the trade in illegal firearms, ahead of a crisis meeting of interior
ministers in Brussels following the Paris attacks.
Brexit is not going to happen says Junker
European Commission chief Jean-Claude Juncker insisted Wednesday that
Britain would not leave the EU, as leaders prepare to discuss David
Cameron's reform demands at a summit next month.
This is a critical time for the relationship between Britain and Europe,
as politicians debate the balance of competencies between governance at
EU and national levels. Charting how recent political developments have
changed the debate surrounding Britain's membership of the European
Union
How will EU partners respond to threats of departure from Britain?
Cameron defeated over votes for teens in EU referendum
Britain's government came under pressure Wednesday to let 16 and 17
year-olds have the vote in a referendum on European Union membership after suffering a defeat in parliament.
New EU Trade and Investment Strategy
What's in the new strategy?
The communication announces a range of initiatives under
the headings of effectiveness, transparency, values, and the EU's
programme of negotiations. The top 12 are as follows:
A more
effective policy that tackles new economic realities and lives up to its promises by:
- Updating trade policy to take account of the new
economic realities such as global value chains, the digital economy and
the importance of services.
- Supporting mobility of experts, senior managers, and service providers.
- Setting up an enhanced partnership with the Member
States, the European Parliament and stakeholders to implement trade and
investment agreements better.
- Including effective SME provisions in future trade agreements.
A
more transparent trade and investment policy by:
- Extending the TTIP transparency initiative to all the
EU’s trade negotiations. Some new negotiating texts are already
available on the Commission's website.
A trade and investment policy based on
values by:
- Responding to the public’s expectations on regulations
and investment: a clear pledge on safeguarding EU regulatory protection
and a strategy to lead the reform investment policy globally.
- Expanding measures to support sustainable development,
fair and ethical trade and human rights, including by ensuring effective
implementation of related FTA provisions and the Generalised Scheme of
Preferences.
- Including anti-corruption rules in future trade agreements.
A
programme of negotiations to shape globalisation by:
- Reenergising multilateral negotiations and designing an open approach to bilateral and regional agreements, including TTIP.
- Strengthening our presence in Asia and the Pacific:
- setting ambitious objectives with China
- requesting a mandate for FTA negotiations with Australia and New Zealand
- starting new ASEAN FTA negotiations with the Philippines and Indonesia, when appropriate.
- Ensuring EPAs are implemented effectively and deepening
relationships with African partners that are willing to go further and
with the African Union.
- Modernising existing agreements with Turkey, Mexico and Chile and the Customs Union with Turkey.
EU statistics for United Kingdom
Full data available on request
| Forecasts for United Kingdom |
2012 |
2013 |
2014 |
2015 |
| GDP growth (%, yoy) |
0,3 |
1,9 |
2,5 |
2,4 |
| Inflation (%, yoy) |
2,8 |
2,6 |
2,0 |
2,0 |
| Unemployment (%) |
7,9 |
7,6 |
6,8 |
6,5 |
| Public budget balance (% of GDP) |
-6,1 |
-6,3 |
-5,2 |
-4,2 |
| Gross public debt (% of GDP) |
88,6 |
91,4 |
93,4 |
94,5 |
| Current-account balance (% of GDP) |
-3,7 |
-3,8 |
-3,3 |
-3,2 | | | | | | | | | | | | | |