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EMEA Trade Weekly: Brexit, Mercosur, Digital Economy, EPA


Europe & CIS

Insufficient progress to start EU-UK trade negotiations, officlal says
European Commission President Jean-Claude Juncker has in effect ruled out a widening of the Brexit negotiations in October to take in a future trading relationship between the EU and the United Kingdom, saying “we will not have sufficient progress” in resolving other issues by the end of the month “unless miracles would happen.”

[The Guardian]
Beef trade threatens to stall EU-Mercosur trade talks
EU countries are struggling to agree on how much beef they should in future let in from South American bloc Mercosur, threatening to derail trade talks that the two aim to conclude by the end of this year.
Communication on Fair Taxation of the Digital Economy
European Commission]


Kenya seeking to persuade Tanzania to sign EPA
Kenya has put up a spirited fight to have all East African Community countries support the agreement with the European Union as a way of safeguarding unlimited duty-free access to the European market. Tanzania has cited the economic and constitutional uncertainties arising from Brexit as the main reason for rejecting it.
African Export-Import Bank to expands operations in Zimbabwe
The permanent regional office for southern Africa that the agency will build in Harare will be the first of its so-called trade centres – mini business parks for African trade – to be opened across the continent.

[Global Trade Review]

Middle East

Saudi Arabia approves VAT implementing regulations
The regulations set out the scope of taxation for certain goods and services, explain registration rules and eligibility, zero-rated and exempted supplies, and the treatment of imports and exports.

[General Authority of Zakat and Tax]
UAE announces details of new excise tax
Among other things, declarations will need to be made for import and production of excise goods and release or transfer of excise foods from designated zones.