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Financing the green transition: The European Green Deal Investment Plan and Just Transition Mechanism

The European Union is committed to becoming the first climate-neutral bloc in the world by 2050. This requires significant investment from both the EU and the national public sector, as well as the private sector. The European Green Deal's Investment Plan - the Sustainable Europe Investment Plan - presented today will mobilise public investment and help to unlock private funds through EU financial instruments, notably InvestEU, which would lead to at least €1 trillion of investments.

(European Commission)

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EU-Vietnam free trade deal gets green light in trade committee

The committee gave its consent to the free trade agreement by 29 votes, six votes against and five abstentions and recommends that EP Plenary should do the same. The agreement will remove virtually all tariffs between the two parties in ten years. It will protect emblematic European products, and allow Europe to access the Vietnamese public procurement market.

(NewsEuropean Parliament)

Trade/WTO: EU, U.S. and Japan agree on new ways to strengthen global rules on industrial subsidies

In a meeting held in Washington, D.C., the EU, the U.S. and Japan agreed that the current list of subsidies prohibited under the World Trade Organization's (WTO) rules is insufficient to tackle market and trade distorting subsidisation existing in certain jurisdictions. They concluded therefore that new types of unconditionally prohibited subsidies have to be added to the WTO Agreement on Subsidies and Countervailing Measures. 

(European Commission)

Europe’s one trillion climate finance plan

Turning the EU into a climate neutral economy by 2050 will require massive investment in clean energy technologies. Only achieving an interim greenhouse gases reduction target of 40% by 2030 would require €260 billion of additional investment a year, according to the Commission’s estimates.

(News European Parliament)

European Commission News

EU and five Eastern and Southern African countries kick off negotiations to deepen trade relations

17-01-2019

The EU concludes today the first round of negotiations to deepen the existing Economic Partnership Agreement (EPA) with five Eastern and Southern African partners (Comoros, Madagascar, Mauritius, Seychelles and Zimbabwe). Both sides are aiming for an ambitious and modern agreement including the whole spectrum of trade topics and building upon the existing agreements covering market access for goods and development cooperation. During the first round of negotiations, the partners have organised future work and had substantive initial text-based discussions on five chapters: rules of origin, customs and trade facilitation, technical barriers to trade, sanitary and phytosanitary standards and agriculture. 

Commission reports on latest negotiating rounds with Indonesia and New Zealand

17 - 01 - 2020

As part of its transparency commitment, the Commission today published the reports summarising the progress made during the latest negotiating rounds for the EU-Indonesia and EU-New Zealand trade agreements. Both sets of talks were held in a constructive atmosphere. The ninth round of negotiations for an EU-Indonesia trade agreement took place from 2 to 6 December in Brussels, Belgium. Negotiators made good progress across the board on all chapters, particularly on the chapters on government procurement, rules of origin, customs and trade facilitation, rules related to trade in food, animal and plant products, technical barriers to trade, as well as questions related to sustainable development. 

EU report: Implementation of reforms continues to bring EU and Ukraine closer together

09- 01 - 2020

The European Commission published today the latest report on protection and enforcement of Intellectual Property Rights (IPR) in third countries. While developments have taken place since the publication of the previous report, concerns persist and a number of areas for improvement and action remain to be addressed. Intellectual property rights infringements worldwide cost European firms billions of euros in lost revenue and put thousands of jobs at risk. Today's report identifies three groups of countries on which the EU will focus its action.

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