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Europe Daily Bulletin No. 13266

7 October 2023
Contents Publication in full By article 15 / 34
EXTERNAL ACTION / Trade
WTO revises downwards its forecasts for growth in merchandise trade
Brussels, 06/10/2023 (Agence Europe)

Growth in merchandise trade in 2023 is no longer expected to be 1.7% as forecast in April (see EUROPE B13157A18), but 0.8%, according to the latest estimates from the World Trade Organization (WTO), published on Thursday 5 October. However, the organisation is maintaining its projection of 3.3% growth for 2024. 

World trade slowed in the fourth quarter of 2022 due to inflation and tighter monetary policy. The slowdown can be seen in many countries and across a wide range of products.

WTO...

Contents

GRANADA SUMMIT
FUTURE OF EU: European leaders reflect on strategic future of EU
MIGRATION: “we will not allow smugglers to decide who enters EU”, warns Charles Michel
SECTORAL POLICIES
COMPETITIVENESS: ‘net-zero industry act’, European Parliament hopes to finalise its negotiations soon
CLIMATE: ahead of COP28, EU is fine-tuning its position towards rapid eradication of fossil fuels and boosting of renewable energies by 2030
FOOD SAFETY: European Commission sets new reduced limits for nitrites and nitrates as food additives
AGRICULTURE: Copa-Cogeca welcomes European Commission’s “change of method” with regard to agriculture
JUSTICE: environmental protection through criminal law, persistent disagreements block progress in European Parliament/EU Council negotiations
ENERGY: Emmanuel Macron believes that divisions over electricity market reform in EU Council must not hamper “our geopolitical battle”
ENERGY: joint gas purchase, Maroš Šefčovič praises results of third call and calls for an extension to hydrogen
ENERGY: European Commission assesses EU’s security of gas supply framework and emergency measures taken during crisis
RESEARCH: Spanish Presidency of EU Council sets out its proposals for strengthening role of research in European public policy
EXTERNAL ACTION
WESTERN BALKANS: Olivér Várhelyi announces future growth plan designed to speed up integration of Western Balkans countries into EU
HUMANITARIAN AID/CIVIL PROTECTION: Armenia, Janez Lenarčič demonstrates EU solidarity by stepping up emergency aid for Nagorno-Karabakh refugees
KENYA: EU invests massively in digital connectivity for Kenyan schools
TRADE: WTO revises downwards its forecasts for growth in merchandise trade
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
DEMOCRACY: political publicity, Spanish Presidency of EU Council obtains revised negotiating mandate with a view to potential agreement with European Parliament
ECONOMY - FINANCE - BUSINESS
BANKS: Mr Niedermayer, Mr Urtasun and Mr Marques set out their visions of a reformed European bank crisis management framework
STATE AID: European Commission approves a Polish measure worth €1.2 billion for energy-intensive businesses
STATE AID: European Commission approves Czech measure to support energy transition of certain businesses
STATE AID: European Commission approves €300 million French measure to promote use of solid recovered fuels
SOCIAL AFFAIRS - EMPLOYMENT
SOCIAL/EMPLOYMENT: EU Ministers for Employment and Social Affairs will examine, on Monday, future of social protection systems and impact of new forms of work
EMPLOYMENT: nearly two out of ten cases of depression in Europe are linked to stress at work, according to European Trade Union Institute
EDUCATION - YOUTH - CULTURE - SPORT
EDUCATION: teachers’ incomes vary greatly among EU countries
NEWS BRIEFS
PATENTS: European Patent Office launches Observatory on Patents and Technology
ECONOMY: Finland submits a revised recovery project including a ‘REPowerEU’ chapter
EGYPT: European Parliament calls for immediate release of Hisham Kassem
ENVIRONMENT: mixed reaction from EurEau to European Parliament vote on revision of urban wastewater treatment directive
FINANCE: ESMA consults on sustainability indicators and inside information disclosure under Markets in Crypto-Assets Regulation
GEORGIA: EU deeply concerned by Russia’s plan to establish permanent naval base in Abkhazia
INDUSTRY: Sweden and Finland are calling for impact of legislation on forestry sector to be measured
RESEARCH: European Commission and EIC announce six finalists for European iCapital Awards
TRANSPORT: Antonov joins Aerospace, Security and Defence Industries Association of Europe
CHECHNYA: Zarema Musaeva must be released immediately, pleads European Parliament
UKRAINE: EU condemns attack on a café and grocery shop near Kharkiv