On 13 September, Brazil removed the longstanding export duty of 9% levied on exports of hides and skins via Resolution no 65/2018. This duty amounts to a key restriction on exports to the EU, which is heavily dependent on imported hides and skins that represent about 50% of leather production costs.
In June 2018 compared with May 2018, the seasonally adjusted volume of retail trade increased by 0.3% in the euro area (EA19) and remained stable in the EU28, according to estimates from Eurostat, the statistical office of the European Union.
The European Commission adopted today the regulation putting in place the EU’s rebalancing measures in response to the US tariffs on steel and aluminium. The measures will immediately target a list of products worth €2.8 billion and will come into effect on Friday 22 June
Last year, the European Union and India celebrated 55 years of diplomatic relations. In this time, EU–India relations have evolved significantly, now encompassing not only trade and development but foreign and security policy, energy, climate change, environment, transport, research and innovation, education, as well as people-to-people contacts.