EU steps up pressure to take apart trade barriers

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    EU steps up pressure to take apart trade barriers

    The EU is stepping up pressure on countries to comply with global trade rules as part of a more “assertive” trade policy.Some 66 nations

    , including many with trade deals with Brussels, have put up unjustified barriers, according to a report by the European Commission’s primary trade enforcement officer.The report said Denis Redonnet, who was appointed

    last year, would use new tools to require changes to guidelines restricting trade. These constraints consist of health controls, custom-mades administration costs and limits on the foreign ownership of companies.” Following a 10-year duration of extensive, successful settlements broadening the EU

    ‘s network of preferential trade arrangements, the EU now requires to progressively concentrate on their full and efficient execution, “said the commission document published on Wednesday.Most nations have progressively decreased import tariffs however frequently replaced them with non-tariff barriers that

    locked out foreign products and services.Under pressure from member states and companies, the EU has actually significantly focused on eliminating these, regardless of its EUR217bn

    trade surplus in 2020.” We protect our interests, “stated an EU authorities.” The commission has actually adopted an open, sustainable and assertive trade strategy.

    This report has to do with the assertive part. “< source media=" screen and( max-width: 490px)" srcset=" https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd6c748xw2pzm8.cloudfront.net%2Fprod%2F2c233390-3718-11ec-a213-b7a41db485f9-mobile.png?dpr=1&fit=scale-down&quality=highest&source=next&width=490" data-id=" https://api.ft.com/content/92769baf-2545-4fd3-8f81-d27b606b794a" data-original-image-width=" 562" data-original-image-height=" 750" >< img src="&https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd6c748xw2pzm8.cloudfront.net%2Fprod%2F2c233390-3718-11ec-a213-b7a41db485f9-standard.png?dpr=1&fit=scale-down&quality=highest&source=next&width=700" data-id=" https://api.ft.com/content/e6ada8df-75c9-48be-9132-1ec805e8e944" data-image-type=" graphic" data-original-image-width=" 1312" data-original-image-height=" 937" alt=" Bar chart of Barriers to trade throughout 66 countries showing not so complimentary trade" > The report gives examples of how the EU has overcome such barriers, consisting of ending a ban on feta cheese imports in Egypt. Cairo had actually declared that the Greek cheese was a health hazard due to the fact that of its yeast content but altered its rules after lobbying by the commission.Similarly,

    when Jordan revealed strategies to enforce a 5 percent custom-mades “service charge” on EU imports, the commission indicated economic assistance it might provide in other ways.” It has to do with leveraging our entire relationship with a third country,” the official said. In overall, the EU found 462 barriers amongst 66 nations at the end of 2020. China had the biggest number with 40, followed by Russia, Indonesia and the US.But there are issues even with longstanding partners. Norway, which is in the EU single market for products, keeps high tariffs on processed foods.The EU has actually adopted several new tools in the past

    year to improve trade enforcement. They include a brand-new problems procedure for business and market associations which think they deal with prohibited barriers and vindictive measures.It is also preparing legal instruments to manage trade. One will tackle distortions triggered by state subsidies, intended especially at China, another intends to

    require open federal government procurement markets, and a third looks for to obstruct imported products that count on deforestation.Some legal representatives fear nations affected by these guidelines will strike back, further messing up worldwide trade.This story has actually been amended to clarify that the 66 countries identified in

    the EU report consist of some with which it does not have trade offers Released at Wed, 27 Oct 2021 17:24:23 +0000 https://www.ft.com/content/b988cf7d-baf6-49ca-97c2-1ba16c6bdd10

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