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EMEA Trade Report

6/18/2018
 

Europe

 
EU nations back retaliating against U.S. steel tariffs
“The European Commission has proposed setting 25 percent duties on U.S. goods such as orange juice, bourbon, jeans, motorcycles in response to what it is sees as illegal U.S. action affecting 6.4 billion euros of its exports. … The measures still need to be adopted by the European Commission, whose next scheduled meeting is June 20. They should be in place by late June or early July.”

[Reuters]
 
Nine countries unite against EU export controls on surveillance software
“EU officials are concerned that a bill to regulate the export of so-called dual use products could be toppled ahead of next year’s European Parliament election. Dual use products can be used for either civilian or military purposes and fall under special export controls. Nine countries, led by Sweden, have united against the proposal’s clampdown on exports of technology products that could be used to harm human rights.”

[Euractiv]
 
French farmers to continue fuel blockades over palm oil imports
“The protests were triggered by France's decision to allow Total to use imported palm oil at a biofuel plant, which would compete with biodiesel made from locally produced oilseed crops, further souring relations between the EU's biggest farm sector and the government of President Emmanuel Macron.”

[France24]
 
 

Middle East

 
Turkey wants new requirements on textile firms importing material from China
“The chief executive of [a] major Turkish textile company confirmed that the ministry had been asking for additional documents for textile imports from July, but said the ministry had been asked to postpone the move until January.”

[Hurriyet Daily News]
 
UAE rated top country in Middle East and Africa for fighting illicit trade
“Reflecting the UAE's zero tolerance for illicit trade, government bodies in the UAE seize fake goods worth billions of dirhams every year in their campaigns against illicit trade. Most of the goods that are seized in these campaigns are electronic devices, cigarettes, cosmetics, handbags and other counterfeit products of international brands. This year alone, customs authorities in the UAE have confiscated counterfeit goods worth more than Dh1.5 billion.”

[Khaleej Times]
 
Saudi Arabia, UAE announce aid plan for Yemen's Hodeidah port
“After a Saudi-led alliance of Arab states launched an attack on Yemen's Houthi-held main port city” the two coalition states said they “aim to establish a shipping lane to Hodeidah from the UAE capital, Abu Dhabi, and Jizan, a city in southern Saudi Arabia” and “will also distribute food, provide medical supplies, equipment and staff to hospitals, sustain electrical stations and provide economic support.”

[Zawya]
 
 

Africa

 
UN extends Libya arms embargo for another year

[Libya Herald]
 
Israel company seeks to invest $200 m in gas exports to Egypt

[Middle East Monitor]