EU to speed up completion of free trade agreements

经济注解

  • 阿根廷,
  • 比利时,
  • 巴西,
  • 捷克,
  • 丹麦,
  • 爱沙尼亚,
  • 芬兰,
  • 法国,
  • 德国,
  • 希腊,
  • 匈牙利,
  • 爱尔兰,
  • 意大利,
  • 日本,
  • 拉脱维亚,
  • 立陶宛,
  • 墨西哥,
  • 荷兰,
  • 波兰,
  • 葡萄牙,
  • 罗马尼亚,
  • 新加坡,
  • 斯洛伐克,
  • 斯洛文尼亚,
  • 西班牙,
  • 瑞典,
  • 英国,
  • 越南
  • 农业,
  • 自动化/交通,
  • 化学/制药,
  • 建筑,
  • 耐用消费品,
  • 电子/计算机技术,
  • 金融服务,
  • 食品,
  • 服务,
  • 纺织

2018年03月28日

The growing insecurity over US trade policy pushes the European Union and trading partners to speed up the completion of free trade agreement negotiations

Many say that the growing insecurity over the direction of US trade policy is a curse for international trade, however, it could turn out to be a boon for the EU and some of its trading partners. Currently it seems that the threat of growing global protectionism has spurred the efforts of Brussels and its negotiation partners to speed-up the conclusion of ongoing free trade agreement (FTA) negotiations. After extensive talks and negotiation rounds the marked change in the US stance has increased the pressure on all parties involved to compromise, even on sensitive and contentious issues.

At the same time the European Commission (EC) is trying to accelerate the necessary ratification of already agreed FTAs by the European Parliament and the member states. 2018 seems to be a pivotal year for finalising, as the European Parliament elections and the renewal of the top leadership of the EC are due in 2019.

Following a busy year in 2017 with the signing of CETA between the EU and Canada, there are many bilateral negotiations on the agenda this year. This includes finalising trade negotiations with Mexico and Mercosur (Argentina, Brazil, Paraguay, and Uruguay) and obtaining the final ratification of key trade agreements with Japan, Singapore, and Vietnam.

As the US steps back from the world stage, the EU is extending FTAs around the world – benefitting not only EU exporters by slashing tariffs while extending the reach of standards and regulations.

Below we provide an overview of the current state of play of individual FTAs involving the EU and industries that could benefit most from their implementation.


EU-Japan Economic Partnership Agreement

 

 

 

EU FTA Japan

 

 

Current state

Negotiations were finalized in December 2017. Submission for approval to the European Council and the European Parliament expected in summer 2018.

Potential gains for EU industries

  • Improved market access for all manufactured goods, especially automotive, chemicals/pharmaceuticals, machines, consumer durables.
  • Improved market access for food products due to removed tariffs, coupled with a recognized protected geographical indication for certain food products (e.g. Parmigiano-Reggiano, Cognac, etc.)
  • Construction and engineering: gaining access to large public tenders in Japan.

Potential gains for Japanese industries

  • Improved access for all manufactured goods, especially automotive  and electronics/ICT due to removed tariffs.


EU-Mercosur Association agreement 

 

 

 

 

 

EU FTA Mercosur

 

 

 

 

 

Current state

The negotiation process has been accelerated since 2017. Intention on both sides is to finalize negotiations before summer 2018.

Potential gains for EU industries

  • Improved market access for: automotive (including suppliers), chemicals, machines and equipment due to removed tariffs.
  • Improved access for European companies to public tenders and maritime services.

Potential gains for Mercosur industries

  • Improved access for agriculture and food (esp. meat) to the EU market.

Extension of the current Free Trade Agreement with Mexico

 

 

EU FTA Mexico

 

 

Both the EU and Mexico intend to revise an FTA in place since 2000. This FTA largely covers industrial goods only, and the aim is to add agriculture/food products, services, investment and government procurement, as well as to include provisions on labor standards and environmental protection.

Negotiations process has been accelerated since 2017. The intention is to finalise negotiations before summer 2018. Negotiations have been nearly completed, however, the issue of the EU’s demand to recognize geographical indications for food products remains a stumbling block.

Potential gains for EU industries

  • Automotive: facilitating car assembling and further investments in Mexican production sites
  • Improved investment opportunities in the Mexican energy sector (exploitation of offshore oil fields and development of renewable energies)
  • More business opportunities for European construction businesses, especially in infrastructure improvement works (roads, highways, railways, ports, airports).

Potential gains for Mexican industries

  • Better market access for manufacturing and agriculture/food products
  • More foreign direct investment by European businesses
  • Reducing the reliance on the US market as the current major export destination (more than 80%).

EU-Singapore Free Trade Agreement

 

 

 

 

 

EU FTA Singapore

 

 

 

 

 

Current state

Negotiations were finalised in October 2014, but to enact, the FTA needs to be agreed on by the EU Council of Ministers and ratified by the European Parliament as well as parliaments of EU member states. The latter became necessary after the European Court of Justice ruled in May 2017 that any trade deal that includes a non-court dispute settlement system and non-direct foreign investment is a “mixed agreement” that requires ratification by the EU's 38 national and regional authorities.

Potential gains for EU and Singaporean industries

Better market access for businesses active in financial services, general services, transport and telecommunication.

EU-Vietnam Free Trade Agreement

 

 

 

 

 

EU FTA Vietnam

 

 

 

 

 

Current state

Negotiations were finalised in December 2016. Submission for approval to the European Council and the European Parliament expected in 2018.

Potential gains for EU industries

  • Improved market access for businesses active in: automotive, chemicals/pharmaceuticals, consumer durables, food, machines/engineering

Potential gains for Vietnamese industries

  • Improved market access for businesses active in: food, textiles/footwear, furniture and electronics/ICT

相关资料

免责声明

Each publication available on or from our websites, such as, but not limited to webpages, reports, articles, publications, tips and helpful content, trading briefs, infographics, videos (each a “Publication”) is provided for information purposes only and is not intended as a recommendation or advice as to particular transactions, investments or strategies in any way to any reader. Readers must make their own independent decisions, commercial or otherwise, regarding the information provided. While we have made every attempt to ensure that the information contained in any Publication has been obtained from reliable sources, Atradius is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information in any Publication is provided ’as is’, with no guarantee of completeness, accuracy, timeliness or of the results obtained from its use, and without warranty of any kind, express or implied. In no event will Atradius, its related partnerships or corporations, or the partners, agents or employees thereof, be liable to you or anyone else for any decision made or action taken in reliance on the information in any Publication, or for any loss of opportunity, loss of profit, loss of production, loss of business or indirect losses, special or similar damages of any kind, even if advised of the possibility of such losses or damages.