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EMEA Trade Report

7/9/2018
 

Europe

 
China presses Europe for anti-Trump alliance on trade
“But the EU, the world’s largest trading bloc, has rejected the idea of allying with Beijing against Washington, five EU officials and diplomats told Reuters, ahead of a Sino-European summit in Beijing on July 16-17. Instead, the summit is expected to produce a modest communique, which affirms the commitment of both sides to the multilateral trading system and promises to set up a working group on modernising the WTO, EU officials said.”

[Euractiv]
 
Channel tunnel faces Brexit disruption
During an upcoming visit “diplomats will be told about the near 2 million trucks that shuttle through each year, and the millions of parcels a month that make it across as part of an ever-increasing e-commerce market. All alternatives, for instance through other ports, would take up to four times longer for hauliers and would struggle to offer the same capacity. And any extra friction brought about by Brexit in the form of custom checks or a failure to set up ample facilities for controls on the French side will cut into the Channel Tunnel’s biggest advantage: speed.”

[Politico]
 
UK prime minister’s Brexit plan derided
“The plan, which was briefed to ministers in private meetings this week, involves a new, closely intertwined customs arrangement with Brussels and full-scale regulatory alignment with EU standards for Britain’s manufacturing sector, while leaving the U.K.’s giant service sector free to diverge from the European model.”

[Politico]
 
EU extends sanctions against Russia for six months

[Associated Press]
 
 

Middle East

 
UAE enhances e-services for customs clearance firms
“The Federal Tax Authority has announced enhanced features of its e-Services to facilitate customs clearance companies with easier registration procedures and submission of tax returns.”

[Khaleej Times]
 
Turkey steel exports up 34 percent despite Trump tariffs
“While the highest steel exports were made to Italy and Spain in the first half of the year, the United States, which ranked first last year, tumbled to third place. Exports to the European Union and the Middle East, the traditional markets of the sector, continued to increase significantly.”

[Daily Sabah]
 
 

Africa

 
DP World plans logistics complex in Ethiopia to serve landlocked countries in Africa

[Arabian Business]
 
Sudan signs association agreement on trade with Turkey

[Anadolu Agency]