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Image header Agence Europe
Europe Daily Bulletin No. 12188
Contents Publication in full By article 21 / 33
EXTERNAL ACTION / Trade

According to UNCTAD, trade tensions between Washington and Beijing will not penalise Europeans

On Monday February 4, UNCTAD, the United Nations Conference on Trade and Development, published sections of an analysis looking at the impact of the trade war between the United States and China. According to these figures, the European Union is coming out on top.

The data summarised the impact of the 25% customs duties applied to those products that are now subject to retaliatory measures.

According to UNCTAD's analysis entitled "Who is profiting from US-Chinese trade tensions?”, in absolute terms, the European Union is in first place with an overall increase of 0.9% in export earnings in 2017, ahead of Mexico, with an increase of 5.9%, Japan (2.3%) and Canada (3.4%).

As for the most significant trade distortions, the authors of the study note that the effect of tariffs varies according to the flexibility of the goods.

Finally, tariffs would have the largest impact on regional value chains in East Asia. 

The analysis can be viewed (in English) on the UNCTAD website: https://bit.ly/2Ss2wCt  (Original in French by Hermine Donceel)

Contents

ECONOMY - FINANCE - BUSINESS
COMPETITION: Commission derails Siemens’ proposed acquisition of Alstom
COMPETITION: Commission vetoes proposed acquisition of Aurubis Rolled Products and Schwermetall by Wieland
FINANCE: agreement in principle in Council on reform of three European financial supervisory authorities
ECONOMY: Thomas Wieser to chair expert work on European financial architecture for development aid
SECTORAL POLICIES
WOMEN: #MeTooEP appeals to future MEPs to take a stand against sexual harassment
HEALTH: Commission recommends further progress on exchange of computerised files
ENERGY: Romanian Presidency of Council expects a mandate from Council on 8 February on gas directive
INDUSTRY: European industry experts recommend strengthening strategic value chains of EU industry
RESEARCH: Member States are working on five innovation missions to be carried out under Horizon Europe
TRANSPORT: No significant progress between European Parliament/Council on road infrastructure safety management
CLIMATE: CO2 from heavy-duty vehicles, new mandate given to Romanian Presidency of Council to negotiate with European Parliament on 12 February
ENVIRONMENT: socially vulnerable populations in Europe are those most exposed to pollution, according to EEA
AGRICULTURE: EU agricultural organisations call for unilateral contingency measures in event of Brexit without agreement
INSTITUTIONAL
FUTURE OF EU: according to Mr Lambertz, a long-term, systematic dialogue must be established with European citizens drawn by lot
FUTURE OF EU: political body of Committee of the Regions adopts a first version of Bucharest Declaration for Sibiu Summit
UNITED KINGDOM: Taoiseach ensured support of the Twenty-Six regardless of Brexit scenario
COMMISSION: detailed guidance for Commissioners participating in European Parliament elections
COMMISSION: appointment of two new Directors-General
TRANSPARENCY: States have become channels for corporate influence, according to Corporate Europe Observatory
EXTERNAL ACTION
KOSOVO: Pristina criticises EU's position on Trepča mines
TRADE: according to UNCTAD, trade tensions between Washington and Beijing will not penalise Europeans
SECURITY - DEFENCE
FYROM: Skopje signs NATO accession protocol
SOCIAL AFFAIRS
SOCIAL: social partners adopt work programme for 2019-2021 period
COURT OF JUSTICE OF THE EU
TRANSPORT: Austria's action against a German charge for use of motorway network must be dismissed, according to Advocate General
NEWS BRIEFS
CYPRUS: meeting between Greek Cypriot and Turkish Cypriot leaders in second half of February
TRADE: electronic commerce, the Commission shall consult civil society with a view to launching negotiations rapidly
COMMISSION: target of minimum of 40% women in management positions is almost achieved
DEFENCE: No European Parliament/Council Interinstitutional Agreement on European Defence Fund 2021-2027
ECONOMY: Vote postponed in European Parliament on European Monetary Fund draft interim report
EDUCATION: parliamentary committee supports continuation of ongoing funding of Erasmus+ exchanges in the event of no-deal Brexit
TRIBUTE: part of Committee of Regions building soon to be renamed in honour of Paweł Adamowicz
JHA: agreement between EU and Montenegro to deploy staff of European Coast and Border Guard Agency
NATO: London will host Alliance Summit in December 2019