Thursday, June 20, 2024

Trade

G7 Summit focuses on Ukraine support and shattering Russia’s wartime economy

Despite this week’s top punditry (itself nearly indistinguishable from AI) on the latest G7 decisions as exhibited by the “instant experts” on global issues...

Washington orders new sanctions against Russia’s Wagner Group in Africa

 On May 30, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) ordered new sanctions measures to counter Russia’s destabilizing activities in...

Xi challenges a divided Europe

After the May 5-9 visit of President Xi Jinping to Europe most of the political analysts in Brussels who argued that the Chinese President's...

Uzbekistan to mobilize investment in environmental protection, sustainable development

NE Global sat down for an interview, in the Uzbek capital, during the 3rd Tashkent International Investment Forum (TIIF) with Aziz Abdukhakimov, Uzbekistan's Minister of Ecology,...

New wave of U.S. sanctions target Russia’s foreign suppliers and industrial base

On May 1, the U.S. Department of State together with the U.S. Treasury Department unveiled a wide-ranging new list of anti-Russia sanctions covering an...

G7 Italy 2024 Foreign Ministers’ Statement on Addressing Global Challenges, Fostering Partnerships

The text of the following statement was released by the G7 foreign ministers of Canada, France, Germany, Italy, Japan, the United Kingdom and the...

Russia’s powerful economic levers over Armenia

Armenia's relations with its strategic partner Russia are getting worse and worse and its leaders seem to desire a shift in geopolitical orientation towards the West....

Economy Minister says Kazakhstan to expand investment and diversify trade with Europe

Kazakhstan’s Minister of National Economy, Alibek Kuantyrov, spoke to NE Global in an exclusive interview about his country's relations with Europe, Astana's economic partners,...

New US actions against corruption and Russian malign influence in the Western Balkans

On November 16, the US Department of the Treasury’s Office of Foreign Assets Control, known by its acronym OFAC, designated eight individuals and six...

Turkey’s role in the EU’s energy transition

The European Union is facing a unique opportunity in a world increasingly defined by geopolitical tensions, economic turbulences and the urgency of addressing climate...

Central Asian leaders travel to China to pay homage to Xi’s BRI vision

China’s leader Xi Jinping threw a 10th anniversary bash for the Belt & Road Initiative (BRI), his $1-trillion plan to leverage Beijing’s financial resources...

Central Asia’s leaders get into specifics on trade-boosting initiatives

In the collective daydreams of Central Asian presidents, there is no end to the possibilities for regional integration.The ideas came thick and fast at...

Mongolia to expand its economic and trade partnerships

Mongolia, the landlocked mineral-rich country bordered by Russia and China - the world's two preeminent authoritarian-run nations, is looking to expand its economic, trade,...

Africa’s porous borders promote transnational crimes rather than deeper integration

For positive continental regimes to succeed, there must be both conscious and concerted efforts, as well as political will, from all states to help eliminate transnational crimes while fostering integration across the whole of Africa through trade.

A plea to strengthen the Single Market

Unprecedented geopolitical disturbances call for a more united European Union, not for more trade barriers that would ultimately harm the EU's economy and its citizens.

Free Trade: The magic potion against economic decline

Despite rising internal and external nationalistic pressure, leaders on both sides of the Atlantic should remember that in a time of increasing hostilities from bad actors, retaliatory protectionism toward our allies will do nothing but ensure mutual decline.

Croatia advances to the EU mainstream

 Croatia took a decisive step January 1 towards the mainstream of the European project by adopting the Euro as its currency while at the...

Commission to launch proposal for revision of tobacco excise directive by Oct. ’22

The European Commission announced that the proposal for the revised tobacco excise directive will be made public at the beginning of 2022's fourth quarter...

How China took over the WTO behind the West’s back

Last year marked the 20th anniversary of China’s entry into the World Trade Organization, a result that followed 15 arduous years of negotiations. Many...

Italy’s Foreign Affairs Undersecretary discusses the importance of strengthening ties with Uzbekistan

Amid new efforts by Uzbekistan to build ties with the EU, New Europe spoke with Manlio Di Stefano, Italy's Undersecretary for Foreign Affairs, about...

Will Central Asia serve as Europe’s bridge to Afghanistan?

Just over one month on from the fall of Kabul, Europe is still grasping for answers to the question of how to engage in...

Check the Czechs

With the Czech Republic having the dubious honor of hosting the latest chapter in the ongoing saga of the West versus Vladimir Putin's Russia...

Uzbekistan’s key priorities for the comprehensive development of transport corridors in Central Asia

Over the past 4 years, Uzbekistan under the leadership of President Shavkat Mirziyoyev has been carrying out systemic reforms aimed at liberalizing and modernizing...

With GSP+ beneficiary status, Uzbekistan takes major step towards closer relations with Europe

A decision by the European Union to include Uzbekistan as the ninth beneficiary of its Special Incentive Arrangement for Sustainable Development and Good Governance,...

The EU and US must steel themselves for a tariff suspension

There is a famous line that if it moves, tax it. If it keeps moving, regulate it. If it doesn't move, subsidize it. While this...

EU offers Turkey deeper ties but threatens sanctions over East Med drilling

On March 25, EU leaders held a discussion via video conference on the situation in the Eastern Mediterranean and on the European Union’s relations...

US, EU temporarily end some tariffs

The US and EU have agreed to a four month suspension of some tariffs that each had previously imposed on one another as punishment...

The need for Indo-EU cooperation to expand security in a new multilateral, geo-political situation

India is one of the world’s largest economies, in the world, in terms of purchasing power parity. The country is the fastest-growing large economy,...

British PM says EU ‘undermined’ Northern Ireland Protocol

British Prime Minister Boris Johnson said the European Union undermined the Northern Ireland Protocol by triggering an emerging provision in the Brexit Protocol in...

The EU-China investment agreement is a disaster for the West

The EU-China Comprehensive Investment Agreement that was announced in December 2020 at joint virtual press conference between Ursula von der Leyen, Charles Michel, Xi...

Michel Barnier appointed as Brexit special adviser to von der Leyen

Former EU chief Brexit negotiator Michel Barnier has been appointed as Ursula von der Leyen's special adviser on the implementation of the EU-UK Withdrawal...

Trump Administration’s controversial Kosovo gambit accelerates

While not unexpected, the Trump Administration has moved faster than many observers anticipated to restart its ongoing diplomatic initiative to resolve a significant piece...

Fake pharmaceuticals trade worth €4 billion, study says

The trade of counterfeit pharmaceuticals worldwide is estimated to be worth up to €4 billion, with India and China identified to be the largest...

Coronavirus economic impact will be worse than 2008, WTO says

The economic downturn and job losses resulting resulting from the coronavirus pandemic is expected to be worse than the global financial crisis of 2008,...

Locked down, without answers

Most European governments are turning to increasingly harsh lockdowns to confront the coronavirus pandemic. They did so in the wake of watching Italy’s attempt...

EU-UK exchange draft legal texts on future relationship

Michel Barnier, EU's chief Brexit negotiator and his counterpart, British Prime Minister's Europe adviser David Frost, exchanged on Wednesday evening draft legal texts on...

Brexit talks on hold amid coronavirus outbreak

European Union and United Kingdom officials cancelled on Tuesday the second round of talks aimed at agreeing a trade deal, because of coronavirus concerns. Both...

G7 pledge to do 'whatever it takes' to safeguard world economy

Officials from the G7 countries pledged to join forces to address the damage of the coronavirus pandemic, which they called "a human tragedy”. Earlier this...

Stock market plunges to historic lows

Global stocks fell sharply yesterday after the banks’ attempts to support economic growth failed to dispel investors’ fears over the coronavirus impact on the...

European Central Bank ready for further stimulus

The European Central Bank will intervene in government bond markets if needed, Austrian central bank chief Robert Holzmann said today. The announcement comes as the...

Global arms trade on the rise

In the last five years, the international transfer of major arms followed an increasing trend that was noted in a recently published report by...

EU, UK cancel face-to-face trade talks because of coronavirus

European Union negotiators cancelled next week’s visit to London for a second round of post-Brexit trade talks with the UK due to coronavirus concerns. The...

EU's trade chief sees opportunity for "mini-deal" with the US

The European Union's Trade Chief Phil Hogan has said he is optimistic about coming to an agreement with the US on a “mini deal”...

Stock market plummets amid coronavirus fears

In just a few days, coronavirus cases have risen rapidly across the world, despite the World Health Organization saying the spread has slowed in...

Macron unsure of EU-UK deal by end of year

French president Emmanuel Macron has said he is not sure a UK-EU trade deal will be signed by the end of the post-Brexit transition...

Pompeo concludes Africa trip with a challenge to Chinese economic influence

US Secretary of State Mike Pompeo capped his three-country visit to Africa where he pitched strengthening economic relations with the United States as the...

Spain moves forward with new digital tax on tech giants despite US warning

Spain’s government approved the introduction of new taxes on digital business and stock market transactions. The move has angered United States’ authorities and brought...

Britain tells EU that Supervision is ‘not acceptable’ in post-Brexit deal

The UK’s chief Brexit negotiator David Frost said during a visit to Brussels that the EU has totally missed the point of Britain's decision...

MEPs approve EU-Vietnam trade deal, despite human rights concerns

The European Parliament backed on Wednesday an EU trade deal with Vietnam which aims to eliminate almost all tariffs over the next ten years,...

Brussels chief Brexit negotiator slams UK PM for backlashing on EU rules

Michel Barnier, the EU's chief Brexit negotiator heavily criticised UK Prime Minister Boris Johnson for saying that he will not follow "high-alignment" EU rules...

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