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RSSToday, the European Commission launched a major review of the European Union’s trade policy, including a public consultation seeking input from the European Parliament, Member States, stakeholders and civil society.
An economic analysis published today by the European Commission found that a large majority of EU exporters are small and medium size companies. In 2017, out of 700,000 EU companies who sell products and services outside the EU, some 615,000 were small and medium businesses.
According to the updated Commission estimates, the coronavirus pandemic will result in a decrease in global trade between 10%-16% in 2020.
The current world health crisis will result in a decline of 9.2% in EU exports and 8.8% in EU imports from third countries in 2020, according to the EU Chief Economist note, based on the estimated decline in GDP worldwide.
On 15 March, the Commission introduced export authorisation requirements for exports of personal protective equipment outside of the European Union. This is a measure of temporary nature and not an export ban and is in line with all of the EU’s international obligations.
In its continuing efforts to protect citizens and to coordinate the response to COVID-19, the Commission has taken immediate steps to protect the availability of supplies of personal protective equipment (PPE),
TRADE/CEI/2020 LoV - Call for Expressions of Interest to be Part of the List of Vendors to be Invited to Tender for Contracts related to Economic Analysis of Trade Policy
Today, in Geneva, WTO Members met for the first day of the 14th Trade Policy Review of the European Union, covering developments and achievements for the period 2017-2019.
The European Commission has today set out its trade strategy for the coming years.
The European Commission has decided to withdraw part of the tariff preferences granted to Cambodia under the European Union’s Everything But Arms’ (EBA) trade scheme.