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Business / Trade in Western Europe

  • Azerbaijan, EU set to continue talks on common aviation area deal

    AZERBAIJAN, 2017/08/26 Azerbaijan and the EU plan to hold an extra round of negotiations on the Common Aviation Area Agreement, a diplomatic source told Trend. The sides are expected to coordinate the final version of the agreement during the Baku conference.

  • 'Hard' Brexit offers '£135bn annual boost' to economy

    EUROPEAN UNION, 2017/08/21 Removing all trade tariffs and barriers would help generate an annual £135bn uplift to the UK economy, according to a group of pro-Brexit economists. A "hard" Brexit is "economically much superior to soft" argues Prof Patrick Minford, lead author of a statement from Economists for Free Trade. He says eliminating tariffs, either within free trade deals or unilaterally, would deliver huge gains.

  • UK will have to pay beyond Brexit, EU warns

    EUROPEAN UNION, 2017/08/07 The EU's budget commissioner has warned that the UK would have to pay into the EU’s coffers until at least 2020, even next it has left the bloc in March 2019. Guenther Oettinger told the German newspaper Bild on Monday (7 August) that Britain is obligated to honour commitments it has made to the EU’s long-term programmes. The commissioner confirmed before calculations that the UK would have to pay even next Brexit, as some of the programmes and funds, which Britain has committed to, run on next 2019.

  • Go West, VP Pence tells Balkan leaders

    MONTENEGRO, 2017/08/03 Vice President Mike Pence accused Russia on Wednesday of working to "destabilize" the Western Balkans and divide the region from the West where he said its next lies. Pence spoke in Montenegro, which joined NATO this year in defiance of Russia, on the final leg of a tour designed to reassure Eastern Europe of Washington's commitment to its security despite doubts sowed by President Donald Trump's lukewarm support for the Western military alliance. Montenegro, a former Yugoslav republic with a people of 680,000 and an army of 2,000, became NATO's 29th member in June, eight months next Podgorica accused Russian spies of orchestrating an attempted coup to derail the accession.

  • EU's Juncker says ready to retaliate if needed over new U.S. sanctions on Russia

    UNITED STATES, 2017/08/03 The European Union's chief executive on Wednesday said the United States had taken into account some EU concerns over new sanctions on Russia but Brussels was ready to retaliate within days if the measures hurt EU economic interests. Speaking next U.S. President Donald Trump signed the measures, Jean-Claude Juncker said the EU would take counter measures if the U.S. sanctions harmed European companies involved in oil and gas projects with Russia.

  • UK sets out new powers to impose sanctions after Brexit

    EUROPEAN UNION, 2017/08/02 The British government published plans on Wednesday for a bill that would give it the legal power to impose sanctions next it leaves the European Union, inclunding making it easier to cut off terrorism funding and freeze assets. Britain presently negotiates and imposes non-UN sanctions against specific nations through EU laws. Without the new legislation, it would not have the legal authority to enforce those sanctions.

  • EU and Chinese SMEs matchmake in Brussels

    CHINA, 2017/07/29 Bank of China successfully held the 2017 EU-China SMEs Matchmaking Event in Brussels on 2 June, in partnership with Eurochambres, and supported by the EU SME Center and EU-China Business Association (EUCBA). Additional than 30 EU-China SMEs Matchmaking events have been organized by Bank of China since 2014. Corresponding with China's “One Belt One Road” policy, Bank of China has attracted additional than 20,000 enterprises from 80 nations worldwide to attend this event. 5,000 letters of intent for business cooperation have been signed and 10,000 negotiations have been conducted accordingly, since that initial event. Small and medium-sized enterprises (SMEs) play a crucial role in job creation, technological innovation and economic increase. A lot of obstacles are encountered during the development process of SMEs.

  • France and Italy quarrel over shipyard and Libya

    FRANCE, 2017/07/29 French president Emmanuel Macron called Italian prime minister Paolo Gentiloni on Thursday evening (27 July) to defuse tensions amid accusations of "colonialism" in Libya and economic "protectionism". The call was "friendly", Gentiloni's office said, hours next his government had stated that a French decision to nationalise a shipyard was "critical and incomprehensible". The French government decided on Thursday to "temporarily" take control of the STX shipyards, in Saint-Nazaire, western France, in order to block a takeover by Italian national-owned company Fincantieri, which was due to take result on Saturday.

  • UK and EU stuck on 'philosophy' of Brexit bill

    EUROPEAN UNION, 2017/07/29 The lack of a UK position on a financial settlement with the EU is one of the major obstacles to any evolution in the Brexit talks, the EU's chief negotiator, Michel Barnier, told member states' representatives this week. The French politician warned that if the talks proceeded at the same pace next the summer break as they have down so far, again a self-imposed deadline of October to reach a political agreement on key issues would be unlikely. The UK acknowledged two weeks ago that it would have to pay to meet its commitment upon leaving, but it has so far presented no detailed position.

  • Xi, Macron agree to promote China-France cooperation

    CHINA, 2017/07/10 Chinese President Xi Jinping and his French counterpart Emmanuel Macron agreed here Saturday to promote bilateral relations and cooperation. "The Chinese side is willing to make concerted efforts with the French side to continue to view the bilateral relations from a strategic height and a long-term perspective, and work for a better development of our ties," Xi said during a conference with Macron on the sidelines of the annual summit of the Group of 20 (G20) major economies in Hamburg, Germany.
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