According to preliminary data for 2018, the EU’s exports of services to the rest of the world increased by 0.7% between 2017 and 2018, from €912.4 billion to €918.5 billion, while imports increased by 1.1%, from €720.7 billion to €728.4 billion.
Commissioner for Trade Cecilia Malmström is in Kyiv today for the 2nd informal Ministerial Meeting of the EU’s Deep and Comprehensive Free Trade Areas (DCFTAs) to meet her counterparts from Georgia, Moldova and Ukraine.
The first estimate for euro area (EA19) exports of goods to the rest of the world in March 2019 was €205.6 billion, an increase of 3.1% compared with March 2018 (€199.5 bn). Imports from the rest of the world stood at €183.1 bn, a rise of 6.0% compared with March 2018 (€172.7 bn).
The informal meeting of the Trade Policy Committee – Services and Investment (TPC-SI), under the mandate of the Romanian Presidency to the Council of the European Union (EU), took place in Bucharest, on 6-7 May, 2019. The Committee has a role in preparing the internal decision-making process at EU Council level, with regards to bilateral commercial relations, negotiations in the World Trade Organization (WTO) and EU trade policy legislation in the field of services and investments.
More than 30 safeguard-related actions of WTO members were put on the agenda for review at a meeting of the WTO’s Committee on Safeguards on 29 April. The European Union’s decision to impose a definitive safeguard measure against imports of steel products drew the most comments from members, with other actions by Canada, Egypt, Morocco and the Eurasian Economic Union (EAEU) on steel imports also drawing scrutiny.