About: http://data.cimple.eu/news-article/8fa3dce780b628cffe723f739f5b96eb17fbaf1e5da518007cbd99d9     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • The European Union will make fighting the climate emergency central to its trade policy and push for major reform at the WTO, according to a new strategy revealed on Thursday. The new thinking on EU trade policy came with hopes in Brussels for deeper cooperation with the Biden Administration in the US after four years of fractious ties with the protectionist Donald Trump. The EU, a massive market of 450 million people, has struggled to meet its trade policy objectives in the face of US protectionism and other obstacles. A top official of the European Commission, which handles trade policy for the EU's 27 member states, announced the new strategy, which is intended to help set goals over the next 10 years. "The challenges we face require a new strategy for EU trade policy," EU Executive Vice President Valdis Dombrovskis, who leads the bloc's trade policy, said in a statement. "Trade policy must fully support the green and digital transformations of our economy and lead global efforts to reform the WTO," he said. In its new vision, the Commission proposed that future trade deals embrace the 2015 Paris climate change agreement, whose absence from previous accords has been seen as a major shortcoming. One example is the EU's long-negotiated trade deal with the South American Mercosur countries, which is in jeopardy because of concerns over mass deforestation in Brazil. Brussels will also seek to become more assertive in projecting its independence from the US and Chinese economic behemoths, with an embrace of multilateralism to include India and African nations. This would require a major overhaul of the 164-member World Trade Organization that has been crippled by a deep rift with the US, which believes its rules are inadequate on reining in China. "The global rulebook is outdated. It no longer guarantees a level playing field," Dombrovskis said. The new appointment of Nigerian-American Ngozi Okonjo-Iweala as the WTO's new head presents "an opportunity for a fresh start," the commission said. She will take over leadership on March 1 of an institution that has become weighed down and increasingly defanged, notably by Washington's refusal to replace key posts. The EU also said it would set up mechanisms to ensure that companies do not use forced labour, an especially sensitive topic after Europe signed a controversial investment deal with China in December. That deal faces a tough ratification process, with the European Parliament keen for Beijing to sign on to the International Labour Organization's ban on the use of forced labour. arp/del/gd
schema:headline
  • EU to push greener trade policy, WTO reform
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 11 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software