Skip to content

EMEA Trade Report

7/30/2018
 

Europe

 
EU to hold trade talks with U.S. even if tariffs remain in place
“There is ‘no link’ between the tariffs and the negotiations, an EU official said on Thursday (26 July). If the dispute is resolved, it would be a ‘good signal of the reduction of the trade tensions.’ If not, Europe would maintain its countermeasures, the official added. This counters EU Trade Commissioner Cecilia Malmström’s previous comments. On the day the tariffs on steel and aluminium were confirmed, she insisted that the EU offer was ‘you take this gun away from us, we sit together as friends and equals and we discuss and this could eventually have led to a negotiation.’”

[Euractiv]
 
EU’s chief Brexit negotiator kills off UK Brexit customs proposals
“The British negotiators have become increasingly frustrated with the EU’s attitude to the white paper thrashed out at the prime minister’s country retreat. They feel that it will take an intervention by leaders, most likely at a summit in Salzburg in September, to move the dial in favour of a deal. A number of cabinet ministers have been despatched around EU capitals to make their case for greater flexibility.”

[The Guardian]
 
EU tones down hopes of Mercosur deal by September
“A Commission spokesperson said today (23 July) that ‘it is too early to say when a political deal could be reached.’ The spokesperson added that there is ‘still important work to be done’ in areas such as cars and car parts, geographical indications, maritime services and dairy.”

[Euractiv]
 
 

Middle East

 
New system to streamline cargo transport in UAE discussed

[Trade Arabia]
 
Turkey, U.S. start talks on sanctions against Iran
[Hurriyet Daily News]
 
 

Africa

 
DP World to build logistics hub in Mali
“The hub will have a capacity of 300,000 twenty-foot equivalent units (TEUS) and be located outside Mali’s Bamako on the main road corridor between Bamako and Senegal’s Dakar near the Dakar-Bamako rail line.”

[Reuters]
 
BRICS bloc reaffirms multilateral trade per WTO rules
“Brazil, Russia, India, China and South Africa have found a collective voice championing global trade at the three-day summit, vowing to fight unilateralism and protectionism in the wake of tariff threats by US President Donald Trump.”

[Khaleej Times]