European Union and U.S. leaders though have agreed to seek ways of resolving the deadlock over global trade talks, but no major breakthrough is in sight yet. It is like business as usual when both the parties say that they are agreed to seek news ways without mentioning what differences have been na[...]
Posts Tagged ‘EU’
July 5th, 2012 - 11:14 am § in News Of Economy
EU-US talks for global trade fails to yield, but hope remains
June 28th, 2012 - 11:01 am § in News Of Economy
EU laws likely to hurt online trade and small businesses
The proposed European Union laws on cross-border trade are expected to inflict significant damage on online sales and it may cause legal chaos. UK business sphere in particular are very much concerned of this development. For some smaller companies that rely on internet sales, the laws will make it [...]
June 21st, 2012 - 10:51 am § in News Of Economy
EU describes US betting law protectionist, hints legal action before WTO
The European Union’s top financial regulator described the US legislation on online betting as protectionist and hinted that it may take a legal course before the World Trade organization. The US legislation has prohibited banks and credit card companies to process online bets placed by the US[...]
June 13th, 2012 - 10:37 am § in News Of Economy
G7 ministers pledge to revive Doha round and resist protectionist policies
Finance ministers and central bankers from the world’s leading industrial countries expressed strong support for the revival of Doha round talks and resisting protectionist sentiments. The ministers in the summit raised hopes that a multilateral deal on global trade could be reached in the com[...]
June 8th, 2012 - 10:30 am § in News Of Economy
EU-Switzerland locks horns over Swiss tax rules
The European Union has recently warned Switzerland on the issue of tax breaks it offers to private firms who have established their headquarters there. The EU has observed that the tax breaks given to firms is unfair as they draw a distinct line between domestic and foreign income sources. Many priv[...]
June 7th, 2012 - 10:27 am § in News Of Economy
EU set to enter another year of strong economic growth
The European Commission has raised its prediction for economic growth in euro region for the current year and cut its prediction for inflation. Following a strong economic growth of 2.7 percent last year, EU has revised its earlier prediction for 2007 to 2.4 percent from 2.1 percent predicted earlie[...]
June 6th, 2012 - 10:27 am § in News Of Economy
EU envisages world to adopt its business policies
European Union is considering promoting its business regulations internationally as it wants other jurisdiction to follow business norms set by the EU. A policy paper of European Commission calls on the EU to persuade other nations to adopt EU business regulations. The report further outlines that E[...]
June 6th, 2012 - 10:26 am § in News Of Economy
US and EU trade zone gathers momentum, still far off to reach a deal
The US and European Union are inching closer to create an ambitious transatlantic trading zone, as diplomats have hinted that in the forthcoming summit in April a date for creation could be set. The basic idea of this initiative is to harmonize and integrate rules and regulations between the world&#[...]
May 29th, 2012 - 1:52 pm § in News Of Economy
US, EU forces India to contemplate slashing import duties on wines, spirits
After the EU and the US complained to the WTO about India over high import duties on wines and spirits recently, the Indian government on Wednesday hinted at cutting tariffs. Under increasing pressure from two economic major blocs, India has officially stated that it was open to the idea of reducing[...]
May 27th, 2012 - 1:49 pm § in News Of Economy
U.S. trade deficit narrows as exports rise to all-time high
The U.S. trade deficit narrowed by 3.8 percent in January to $59.1 billion as the country’s exports surged to an all-time high, the Commerce Department reported on Friday. The Department of Commerce announced that total January exports of $126.7 billion and imports of $185.8 billion resulted i[...]