Post Brexit UK-EU relations: the future of trade The withdrawal of the United Kingdom (UK) from the European Union (EU) came into effect on 1 February 2020, following the large majority gained by the Conservative Party, led by Boris Johnson, in the UK general election in December 2019. The transition period began on the same
Trade policy of the EU The EU’s common commercial policy (CCP), or trade policy, has evolved gradually over the years to encompass a range of trade-related areas under the remit of European Union exclusive competence. The Treaty of Rome established the common market and the customs union with a focus on
nternational trade is of critical importance for economic and social development worldwide. A major cost of global trade is the regulatory requirement of submitting large volumes of information to governmental authorities in order to comply with import, export and transit-related documents and certificates.Trade single windows are flagship initiatives that reduce
China and the United States are at a trade stand-off after both countries have implemented hundreds of billions of dollars in tariffs on each other's goods over the past year. The US is now considering imposing further tariffs on more than $300 billion worth of Chinese imports. The ongoing trade war is
he European Community was founded on the belief that economic integration leads to peace and economic prosperity. Trade is therefore a fundamental part of the identity of the European Union today. Given the success of the internal market in fostering the longest period of European peace in modern history, the
On 25 November 2018, EU-27 leaders met to finalize and formalize the outcome of the Brexit negotiations. They endorsed the withdrawal agreement, as presented by the negotiators of the EU and the United Kingdom (UK), and approved the political declaration on future EU-UK relations, accompanying the withdrawal agreement. Last minute
rowing geopolitical rivalry, escalating trade tensions between the United States and China (both big players in Latin America and the Caribbean – LAC) and a US trade policy shifting away from a multilateral towards a bilateral approach based on ‘America First’, have created uncertainty in this part of the world.