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The United Kingdom will depart from the European Union in March 2019. Numerous open questions remain about details and conditions especially with regard to post-Brexit EU-UK trade relations. In case of a negotiation failure, a "hard Brexit" could cause considerably high costs on both sides of...
Persistent link: https://www.econbiz.de/10011929856
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For a global player like the EU, it must adequately respond to US unilateral actions and not give in to threats in order to preserve its credibility. However, it is not in its interest to let trade conflicts escalate and be drawn into trade wars. It is worth noting that through the bilateral...
Persistent link: https://www.econbiz.de/10011929785
The WTO provides extensive flexibility for members to engage with each other. Using this, WTO members should identify a … policies that are not or only partially covered by current WTO rules. Expanding the WTO rulebook, accepting greater reciprocity … and improving the organisation’s operation are necessary for revitalising the WTO. …
Persistent link: https://www.econbiz.de/10011929807
According to the European Commission (EC), the WTO is struggling to credibly remain the go-to place for trade … negotiations.1 Indeed, after the Commission stated its concerns, EU-Ambassador to the WTO Marc Vanheukelen commented that if the …
Persistent link: https://www.econbiz.de/10011929841
The greatest challenge for the EU in trying to identify an optimal response is understanding the motives behind the US strategy. The rhetoric, and more recently also actions, of the current US administration on trade and the global multilateral system are a real threat to the process of...
Persistent link: https://www.econbiz.de/10011929848
Since the annexation of Crimea in 2014, Russia has been under an EU sanctions regime. While these sanctions have not … Russia’s ability to wage war. This paper demonstrates the effectiveness of the sanctions and argues that the EU should … maintain and tighten sanctions, thus further weakening the military and economic power of the Putin regime. …
Persistent link: https://www.econbiz.de/10014025903
Financial sanctions are key in enforcing restrictions on Russian energy exports - in particular the G7/EU oil price cap … regime - due to financial institutions' critical role in cross-border transactions. While the energy sanctions regime is …. Moreover, favourable external dynamics have allowed Russia to accumulate substantial assets abroad, "shadow reserves", which …
Persistent link: https://www.econbiz.de/10014320393
product groups from Russia. The European Union may follow suit and enact sanctions on Russia that mirror the US sanctions in … particularly large welfare losses for Russia and/or high welfare gains for the EU. On the other hand, mirror sanctions would bring …As part of its sanctions regime, the United States recently announced the imposition of punitive import tariffs on 570 …
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