COPENHAGEN, Jan 15 (Reuters) - Strict EU enforcement of competition rules prevents the development of the global champions necessary to compete with Chinese and U.S. companies, the head of shipping company Maersk warned in an interview. "Is it really a good idea that we don't allow the creation of a European global champion? In doing so, we risk being outperformed by a … [Read more...]
Europe Shows It’s Getting Serious About Buying U.S. LNG
By Anna Shiryaevskaya and Naureen S. Malik (Bloomberg) -- European nations are far behind Mexico and China when it comes to receiving liquefied natural gas from the U.S., but the region is making its biggest effort to date to change that. European Commission trade officials will travel to Washington on Aug. 20 to follow up on an energy agreement last month between … [Read more...]
E.U. Trade Chief: Still Unclear What Trump Wants from Europe
By Philip Blenkinsop BRUSSELS, March 23 (Reuters) - The European Union's trade chief is unsure what Washington wants in return for a permanent EU exemption from steel tariffs but she warned on Friday that she would resist pressure to cut EU duties on U.S. cars. European Trade Commissioner Cecilia Malmstrom, who will lead negotiations on behalf of the 28-state European Union, … [Read more...]
EU Launches Free Trade Deal with Canada as Britain Eyes Own Deal
By Philip Blenkinsop BRUSSELS, Sept 20 (Reuters) - The European Union and Canada will begin cutting import duties from Thursday on thousands of products and services in a reminder to Britain of the work it will take to replace the trade alliances it will give up when it leaves the EU. The Comprehensive Economic and Trade Agreement (CETA) will provisionally enter force … [Read more...]
EU to Investigate Tax Exemptions for Belgian, French Ports
BRUSSELS, July 8 (Reuters) - The European Commission opened on Friday two investigations into whether tax exemptions for Belgian and French ports breach EU state aid rules. In France, the EU executive cited full corporate income tax exemptions for 11 ports, including Marseilles, Nantes and le Havre, while, in Belgium, a number of ports also enjoy privileged tax regimes, … [Read more...]