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The Cost of Non-Europe in the Single Market: Free Movement of Goods

October 24, 2014 Comments off

The Cost of Non-Europe in the Single Market: Free Movement of Goods
Source: RAND Corporation

Cost of Non-Europe Reports identify the possibilities for economic or other gains and/or the realisation of a ‘public good’ through common action at EU level in specific policy areas and sectors. This Cost of Non-Europe Report seeks to analyse the costs for citizens, businesses and relevant stake-holders of remaining gaps and barriers in the European Single Market, building on and updating the 1988 Cecchini Report, which quantified its potential benefits. This particular study uses an econometric model to estimate the potential benefits of removing existing barriers to foreign direct investment and non-tariff trade barriers within the European Union. The removal of existing trade barriers could boost total intra-EU merchandise exports up to 7 per cent in the long-term. These effects will vary by Member State, and by sector of the internal market.

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Cross-Border Data Flows, the Internet and What it Means for U.S. and EU Trade and Investment

October 23, 2014 Comments off

Cross-Border Data Flows, the Internet and What it Means for U.S. and EU Trade and Investment
Source: Brookings Institution

The most globally significant bilateral trade and investment relationship is between the U.S. and the European Union. An increasing amount of this economic relationship is underpinned by cross-border flows of data.

Whether the U.S. and the EU are able to take full advantage of the opportunities for international trade and investment presented by their increasingly online and digital populations will affect transatlantic economic relations. As the world’s two largest economies, the U.S. and EU decisions on support for cross-border data flows will also have global implications.

Findings on the Worst Forms of Child Labor

October 13, 2014 Comments off

Findings on the Worst Forms of Child Labor
Source: U.S. Department of Labor

The Department of Labor’s annual Findings on the Worst Forms of Child Labor focuses on the efforts of certain U.S. trade beneficiary countries and territories to eliminate the worst forms of child labor through legislation, enforcement mechanisms, policies and social programs.

Brookings Doha Energy Forum Report 2014

October 7, 2014 Comments off

Brookings Doha Energy Forum Report 2014
Source: Brookings Institution

Major changes in geopolitics, political economy, and energy markets are altering the global energy landscape. A potential nuclear deal with Iran has raised the possibility of new supplies coming online, and ongoing political gridlock in Iraq has hampered the country’s ability to expand supply. The U.S. energy boom is increasingly viewed as a long-term phenomenon, while a prolonged crisis in Ukraine threatens to impact Russian gas supplies to Europe.

How will the political developments in Iraq and Iran affect oil supply? What will be the impact of the Ukraine crisis on Europe, Russia, and China? How will these shifts help shape the energy markets of tomorrow?

The 2014 Doha Energy Forum convened prominent industry experts and policymakers from Asia, the Middle East, Europe, and the United States for an in-depth dialogue on the rapidly changing global energy landscape. Based on the Forum’s plenary and roundtable sessions, this paper from the Brookings’ Doha Center and Energy Security Initiative reflects much of the discussion and debate around these changes. It also outlines the complexity of today’s energy markets and the geopolitical factors that set them in motion.

CRS — The U.S. Wine Industry and Selected Trade Issues with the European Union (July 24, 2014)

October 3, 2014 Comments off

The U.S. Wine Industry and Selected Trade Issues with the European Union (PDF)
Source: Congressional Research Service (via National Agricultural Law Center)

Global wine production totaled roughly 27 billion liters in 2012. The European Union (EU) dominates world production, accounting for nearly 60% of all wine produced each year. France, Italy, and Spain are among the principal EU wine-producing countries. The United States is the world’s second-largest wine-producing region, accounting for 10% of global production. The value of world trade in wine totaled more than $21 billion in 2013. The EU accounted for nearly 60% of the world’s export market for wine, valued at $12 billion in 2013. Other exporting nations include Australia, Chile, the United States, New Zealand, Argentina, and South Africa.

The United States is a major exporter of wine with about 7% of global exports in 2013. The U.S. wine industry has identified a range of international barriers to trade that may be limiting U.S. wine exports abroad. These include import tariffs; foreign wine producer subsidies and support; preferential market access, such as free trade agreements between the EU and other countries; incompatible foreign wine composition standards; and a range of miscellaneous non-tariff barriers, such as state or provincial government monopolies, import licensing and customs clearance requirements, and wine labeling regulations. An annual report compiled by the U.S. wine industry also highlights a range of concerns in several countries, including concerns regarding trade with several EU countries and other countries worldwide.

New From the GAO

October 1, 2014 Comments off

New GAO Report
Source: Government Accountability Office

Natural Gas: Federal Approval Process for Liquefied Natural Gas Exports. GAO-14-762, September 26.
http://www.gao.gov/products/GAO-14-762
Highlights – http://www.gao.gov/assets/670/666176.pdf

Recent Trends in U.S. Services Trade — 2014 Annual Report

September 24, 2014 Comments off

Recent Trends in U.S. Services Trade — 2014 Annual Report (PDF)
Source: U.S. International Trade Commission
From press release:

The United States is the world’s largest services market and was the world’s leading exporter and importer of services in 2012, reports the U.S. International Trade Commission (USITC) in its new publication Recent Trends in U.S. Services Trade, 2014 Annual Report.

The USITC, an independent, nonpartisan, factfinding federal agency, compiles the report annually. Each year’s report presents a qualitative and quantitative overview of U.S. trade in services and highlights some of the service sectors and geographic markets that contribute substantially to recent services trade performance.

This year’s report focuses on electronic services and includes chapters on three specific industries: audiovisual services, computer services, and telecommunication services. Each chapter analyzes global market conditions in the industry, examines recent trade performance, and summarizes the industry’s outlook.

Hat tip: IWS Documented News Service

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