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International Trade

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Vietnam: Progress in ratification procedure anticipated for Autumn 2017

The Commission maintains its timeline for legal scrubbing as well as approval by the Council and Parliament of the Vietnam FTA by autumn of this year. This is despite that fact that changes may be necessary to reflect the opinion by the Court of Justice of the European Union on the Singapore Agreement and investment protection. Definitely, the ISDS system in the Singapore agreement will have to be exchanged against the new investment court system. A decision on such changes is expected in the framework of the overall approach on investment protection. The internal discussion in the European Commission on this issue is still ongoing. The Commission aims to have a proposal on the overall way forward on investments after the summer break for discussion with the member states and the Council.

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Trade makes the world better off. It should be more popular.

| When a firm or an individual buys a good or a service produced abroad at lower cost, living standards in both countries increase. Societies gain when countries trade.

MEPs call for Commission to rely on multilateral conventions rather than sanctions for TSD enforcement

| Following the release of the Commission’s non-paper in July, MEP Christofer Fjellner (SE, EPP) and MEP Daniel Caspary (DE, EPP), sent a letter to EU Trade Commissioner Cecilia Malmström, providing the

Brexit: Delay in trade talks likely as EU grows impatient with perceived UK unpreparedness

| EU and UK officials have raised concerns that the EU-UK future trade relationship won’t be discussed until December following the third round of negotiations.

Juncker SOTEU speech to include new approach to investment protection

| During his annual state of the EU (SOTEU) speech on 13 September, Commission President Juncker will outline his vision for the future of Europe with trade as one of the key topics.

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