European shipowners welcome the extension of EU Operation Atalanta against piracy

The European shipowners are pleased with the European Council’s decision of 30 July to extent the mandate of EU NAVFOR Somalia Operation Atalanta until 31 December 2020. The objectives of the Operation Atalanta is the deterrence, prevention and repression of acts of piracy and armed robbery off the Somali coast and the protection of the
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The European Commission has published the latest figures on EU imports of soybeans, showing an increase of 283% in imports of soybeans from the U.S., bringing the EU’s total share of imports of U.S. soybeans to 37%, up from 9% one year ago. President Juncker has now put in place a bi-monthly reporting mechanism on the evolution
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The European Union will import more U.S. soybeans as part of a new accord to avoid an all-out trade war. Yet the bloc was already likely to take more American shipments. That’s because the 25 percent tariff China slapped on U.S. soy imports earlier this month promises to reshape the global market for the commodity.
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The European Union’s budget commissioner suggested on Wednesday the bloc would be ready to discuss mutual tariff cuts with the United States across a range of products, provided Washington lifts recent punitive tariffs first. Speaking before an EU delegation travels to Washington for talks on Wednesday on a long-term trade deal, Guenther Oettinger said the
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The European Commission proposed ways to resolve the Trump administration’s concerns over the functioning of the World Trade Organization, in a bid to avert a looming crisis that could undermine the WTO’s ability to arbitrate trade disputes. “The dispute settlement function of the WTO is at grave danger, and swift action by members is needed
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The European Commission on Thursday cut its forecasts for the euro zone’s economic growth this year, citing among the top causes for its revision trade tensions with the United States and rising oil prices which push the bloc’s inflation higher. The slowdown of the euro zone economy is set to affect all major economies of
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The European Commission has launched an investigation into long-term liquefied natural gas (LNG) supply agreements between seaborne gas supplier Qatar Petroleum, five of its LNG subsidiaries, and European importers. The inquiry is to determine whether these deals have hindered the free flow of gas within the European Economic Area (EEA), in breach of EU antitrust rules. “Energy should
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India is committed to a broad-based trade and investment agreement with the EU to be achieved in a generous spirit of mutual accommodation and of pragmatism, President Ram Nath Kovind said here recently. The 28-member European Union is among India’s largest trading partners. Indian companies are significant investors in the EU, in industries as far
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Tirupur Exporters’ Association (TEA) has stressed the need to enter into Free Trade Agreements (FTA) with European Union, USA, the UK and Russia, to face the Chinese threat in export markets. In a memorandum submitted to Union Textile minister, Smriti Irani in New Delhi, the association said though garment exports from China had been declining
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Britain and the European Union will start talks next week on their future trade relationship after Brexit, diplomats said on Thursday. Britain will leave the EU next March and enjoy a status-quo transition until the end of 2020, according to the current plan. Then, a new relationship between the sides would kick in, which negotiators
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