🍎 🍕 Less apples, more pizza 🤔 Have you seen Buffett’s portfolio recently?Explore for Free

EU to be tougher in trade talks, include climate change goals in deals

Published 18/02/2021, 08:15
© Reuters. FILE PHOTO: News conference following a EU finance ministers meeting in Brussels

BRUSSELS (Reuters) - The European Union will become more assertive in trade talks and push for its international partners to include combating climate change in future deals, its trade commissioner said.

In an interview published in several media outlets of a review of the 27-nation bloc's trade policy on Thursday, Valdis Dombrovskis said the EU would seek an overhaul of the World Trade Organisation's dispute settlement system and ensure it set rules for digital trade. 

"To defend ourselves when other parties do not play by the rules, the EU will take steps to be tougher and more assertive," Dombrovskis was quoted by Politico as saying. "We will strengthen the tools at our disposal to stand up for our rights and values, and protect ourselves from unfair trade practices."

The Commission will also propose on Thursday that the 2015 Paris climate change agreement be an essential part of future trade deals and seek commitments from G20 partners on climate neutrality targets, the Financial Times reported him as saying.

© Reuters. FILE PHOTO: News conference following a EU finance ministers meeting in Brussels

The bloc will also examine due diligence rules that aim to exclude products linked to forced labour from EU companies' value chains, and press forward with proposed legal powers to protect the EU from coercive actions by third countries.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.