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EMEA Trade Weekly: Customs, Brexit, FTAs, Qatar

6/12/2017
 

Europe

 
EU works to strengthen trade relations with China
Speaking at an EU-China business summit before a formal gathering of political leaders, European Union Trade Commissioner Cecilia Malmström regretted that EU companies continue to face barriers in China but acknowledged that it was time to depart from the old model of partnership in response to a changing world. “Reciprocity should be the guiding principle of our relations,” she said.

[Euractiv]
 
EU signs 2018-2020 customs cooperation agreement with China
The agreement’s priority areas of focus are protecting citizens and combating illegal trade through effective customs controls while accelerating and reducing administrative burdens on legitimate trade. It will support continued cooperation on supply chain security while facilitating reliable traders, intellectual property rights enforcement, and the fight against financial and environmental fraud. Cooperation has also now been extended to e-commerce.

[European Commission]
 
UK hung Parliament could impede Brexit negotiations
EU officials say they are ready to begin talks once the UK forms a new government after recent parliamentary elections and that the process must still conclude by March 2019.

[Politico]
 
OECD says UK won’t have comprehensive FTA with EU by 2019
The OECD also predicts that the UK will have no other new FTAs by the time it leaves the EU and that its external trade relations will be governed by WTO rules, which would mean 10 percent tariffs on UK car exports to the EU, tight quotas on agricultural exports, and an abrupt end to the right of UK financial firms to operate in Europe.

[Independent]
 
 

Middle East

 
Shippers look for alternative routes to, from Qatar
DP World and Abu Dhabi Ports have barred entry to all Qatar-flagged vessels; all those departing to and arriving from Qatar, regardless of flag; and all vessels loaded with freight destined for or leaving Qatar, including transiting cargo. The UAE is home to the primary transshipment hub of the region and is one of Qatar’s primary feeder routes.

[Arabian Supply Chain]
 
Israel closer to signing FTA with Colombia
Colombia’s House of Representatives approved a measure to put the agreement into effect by a 70-21 vote. Israel has already completed its internal approval procedures and the FTA will come into effect when Colombia follows suit.

[Fresh Plaza]
 
Indian solar companies seek AD duties
The duties would cover imports of panels, modules, and glass from China, Malaysia, and Taiwan.

[Energy World]