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In the News: EU Measures, TPP, UK FTA Talks, Trade Flows

Thursday, June 25, 2020
Sandler, Travis & Rosenberg Trade Report

EU measures aim to curb China’s trade ambitions

“The latest move by the bloc comes just after the EU launched a novel way to use tariffs to curb China’s “Belt and Road” infrastructure plan and just before new legislation on screening foreign-direct investment on national security grounds comes into effect.”

[Financial Post]

U.K. wants to join Pacific trade pact

“CPTPP membership would not replace bilateral trade talks with individual countries. The U.K. is launching negotiations with several CPTPP countries previously covered by trade deals with the European Union, like New Zealand, Australia and Japan.”

[CBC]

UK begins talks with Australia and New Zealand on free trade deal for post-Brexit era

“Parker said talks would focus on removal of trade tariffs, new approaches to non-tariff barriers, streamlined customs, regulatory cooperation, development of digital trade and trade provisions in support of sustainable development – including climate change.”

[The Guardian]

Stranded seafarers could stop work, disrupting world trade

“With more than 80% of global trade by volume transported by sea, the world’s more than 2 million merchant seafarers play a vital role in keeping countries supplied with everything from raw materials and fuel to food and consumer goods. But lockdowns and travel restrictions imposed by countries across the world to curb the spread of the new coronavirus are preventing crew members who have reached the end of their contracts from leaving the ships and returning home.”

[Associated Press]

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