Colombia's trade ministry has announced it will raise tariffs on neighbouring Ecuador to 100 percent from 30 percent, matching the rate Ecuador set a day earlier amid escalating trade and diplomatic spat.
The European Commission will "proceed with [the] provisional application" of the Mercosur trade deal with Argentina, Brazil, Paraguay and Uruguay, the commission's chief Ursula von der Leyen announced on Friday. The deal was signed in January after over 25 years of negotiations, despite opposition from some European farmers.
John Teeling, the whiskey entrepreneur who founded the Great Northern Distillery outside Dundalk, says the company is already selling blended whiskey product into India that has been specially formulated and branded for that market. It's being imported by local partners there. Mr Teeling said he was previously concerned that Great Northern Distillery was primarily focused on the US market. Now he says that India and the broader Asian market including countries such as China, Japan, Vietnam and Thailand could become significant markets for Irish whiskey.
As part of the landmark trade agreement announced on January 27th, the EU and India adopted a 'mobility framework' that aims to make it easier for Indian students, researchers and young professionals to move to the EU. The EU and India have a long history of collaboration. Bilateral ties were established in 1962 and a comprehensive trade agreement has been in discussion since 2004, think tank recalls. In 2016, the EU and India adopted a Common Agenda on Migration and Mobility (CAMM)
The upgrade places the EU on the same diplomatic footing as the United States, China and Russia and was announced during a visit to Hanoi by European Council President António Costa. "At a moment when the international rules-based order is under threat from multiple sides, we need to stand side by side as reliable and predictable partners," Costa said, adding that the partnership is about "developing spheres of shared prosperity."
The European Union will on Saturday sign a deal 25 years in the making with the South American trade bloc Mercosur, creating one of the world's largest free trade areas at a time of growing protectionism and volatility. The long-awaited agreement comes amid the sweeping use of tariffs and trade threats by US President Donald Trump's administration, which has sent countries scrambling for new partnerships.
After nearly two decades of negotiations, India and the European Union announced Tuesday they have reached a free trade agreement to deepen economic and strategic ties. The accord, which the EU chief described as the "mother of all deals," could affect as many as 2 billion people. The deal between two of the world's biggest markets comes as Washington targets both India and the EU with steep import tariffs, disrupting established trade flows and pushing major economies to seek alternate partnerships.
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Both Berlin and New Delhi face a turbulent world order and a set of economic and geopolitical challenges from the world's two largest economies, the United States and China. Merz's visit from Monday -- his first to an Asian country since he took office last May -- comes two weeks ahead of a planned EU-India summit and as India and the bloc are working on a free trade agreement.
The deal would forge a market of two billion people and nearly a quarter of global GDP, according to the European Commission. Follow DW for more. EU and India conclude trade negotiations after nearly two decades of on-off negotiationsImage: Altaf Hussain/REUTERS Skip next section What you need to know EU and India have finalized a trade deal after nearly two decades of negotiations
Stability. Consistency. Ever-changing complexity. With language like that, deployed in separate meetings in three Asian capitals this week, government leaders forged closer ties driven in part by a figure halfway around the world: the president of the United States. And much of the time, they didn't even mention Donald Trump's name. IN BEIJING: The U.K. and Chinese leaders called Thursday for a "long-term, stable, and comprehensive strategic partnership" between their two countries. The important words are long-term and stable. The two countries committed a decade ago to building a comprehensive strategic partnership but progress has been halting at best.
"Both sides agreed on "shuttle diplomacy" three years ago, with regular meetings at the highest level. Lee's national security adviser, Wi Sung Lac, said the summit's goal was to build trust between the South Korean and Japanese leaders. Lee and Takaichi discussed ways to boost cooperation in a raft of areas including cutting-edge technologies such as artificial intelligence, combating cross-border crime, and promoting people-to-people exchanges."
Australia and the EU are on the brink of striking a long sought after free trade agreement, with both sides talking up significant progress during talks in Brussels overnight. Ahead of a planned visit to Australia by European Commission president Ursula von der Leyen, due within months, a joint statement issued after the latest talks attended by the trade minister, Don Farrell, signalled major progress. The two sides said they had been able to converge on key differences which have dogged the deal for years.
The announcement of a "Comprehensive Strategic Partnership" between Brussels and Hanoi last week places the EU side by side with China, the United States, and Russia as one of Vietnam's top-tier diplomatic relationships. Vietnamese President Luong Cuong described it as a "historical milestone underlining the great achievements that the two sides have made," during a meeting with the head of the European Council, Antonio Costa, in Hanoi.
Germany and Italy are deepening defense and economic cooperation with the leaders of the two countries signing an agreement in Rome. German Chancellor Friedrich Merz and Italian Prime Minister Giorgia Meloni agreed on closer cooperation in the production of drones, naval vessels, underwater systems and air and missile defense systems. The leaders are also looking to collaborate in the development of electronic warfare and aerial combat defense systems.
