EU, Mercosur strike trade pact, defying protectionist wave
“In terms of tariff cuts, the trade deal could be the EU’s most lucrative to date, with about 4 billion euros ($4.55 billion) of duties saved on exports, four times more than its deal with Japan. Europe has its eyes on greater access for manufactured goods, notably cars, which face tariffs of 35%. It wants its firms freed to compete for public tenders, and to sell more wine and cheese. … Brazil said the pact would remove import tariffs on several farm products, such as orange juice, instant coffee and fruit. It will also get a new 99,000-tonne quota of beef at a 7.5% tariff, phased in over five years, and tariff-free 180,000-tonne quotas each of sugar and poultry.”
Vietnam, EU sign landmark free trade deal
“It will eliminate 99% of tariffs, although some will be cut over a 10-year period and other goods, notably agricultural products, will be limited by quotas. … The agreement with the EU is also expected to open up public procurement and services markets, such as for the postal, banking and maritime sectors.”
WTO rules for India in dispute with U.S. on solar-panel incentives
“The WTO supported most of India’s allegations that the US imposed illegal domestic content requirements that favored domestic products in the renewable energy sector, according to a ruling published on the Geneva-based organization’s website Thursday.”
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