The European Court of Justice (ECJ) ruled on Tuesday that the Comprehensive Economic and Trade Agreement (CETA) between Canada and the EU follows EU laws. The court decision was requested by Belgium and was focused on the section of CETA that concerns resolution of investment disputes between investors and states. CETA will establish a Investment Court System (ICS) to handle disputes between investors and states. The system will include a Tribunal, an Appellate Tribunal, and a multilateral investment tribunal. The Tribunal will include 15 members: five from Canada, five from EU member states and five from third countries. Belgium filed the request for a decision from the ECJ because the ECJ has exclusive jurisdiction over the definitive interpretation of EU law. The ECJ found that CETA did not violate this principle as long as the CETA Tribunals do not attempt to interpret EU laws. Belgium was also concerned that the Investor-State Dispute Settlement (ISDS) mechanism would violate the … [Read more...] about ECJ rules EU and Canada trade agreement follows EU laws
Comprehensive economic and trade agreement ceta
By Foo Yun CheeSTRASBOURG (Reuters) - The European Union and Japan will launch the world's largest free trade zone early next year after their economic partnership cleared a final hurdle on Wednesday.gi Some 70 percent of European Parliament lawmakers backed the agreement that binds two economies accounting for about a third of global gross domestic product and signals their rejection of protectionism.While they have agreed to start separate trade talks with the United States, both face trade tensions with Washington and their steel and aluminium producers remain subject to U.S. tariffs imposed by President Donald Trump.EU Trade Commissioner Cecilia Malmstrom said the deal would bring clear benefits to EU companies and farmers. Japan's parliament approved it on Saturday."If all goes well, it should be able to enter force on February 1," she told Reuters in an interview. "The agreement is not only sending a signal to the world. It is also extremely advanced when it comes to opening … [Read more...] about EU-Japan free trade deal cleared for early 2019 start
THERESA May has said the UK is committed to striking trade deals with the rest of the world as soon as possible after Brexit. The UK will be able to negotiate new deals under the terms of her proposed withdrawal agreement from the EU, which MPs will begin voting on next week. What will Brexit mean for British trade? Companies based in the UK can sell their products freely to the EU without customers there having to pay additional taxes. Likewise British consumers don’t have to pay additional taxes for goods and services imported from the EU. The EU also has 35 agreements allowing free trade with countries such as Norway, Switzerland, South Africa and South Korea with 22 ones pending. But that will change after Brexit and the UK will have to begin to strike deals with these countries and the remaining EU countries. What will be our trade agreement with Europe and other big economies? The UK is hoping to strike a trade deal with EU in order to secure the movement of goods and … [Read more...] about What will Brexit mean for British trade?
Northern Ireland 'at centre of UK universe,' says Rees Mogg - UK won't 'sacrifice' union for EU deal, says Hammond BelfastTelegraph.co.uk Chancellor Philip Hammond has said the Government won't "sacrifice" the UK for a trade deal with the UK, while leading Brexiteer Jacob Rees-Mogg likened Northern Ireland's place in the union as akin to the centre of the universe. https://www.belfasttelegraph.co.uk/news/northern-ireland/northern-ireland-at-centre-of-uk-universe-says-rees-mogg-uk-wont-sacrifice-union-for-eu-deal-says-hammond-37370998.html https://www.belfasttelegraph.co.uk/news/uk/article37370497.ece/09398/AUTOCROP/h342/bpanews_d201a022-0d6d-48c5-9109-7c87e4d97ad2_1 Email Chancellor Philip Hammond has said the Government won't "sacrifice" the UK for a trade deal with the UK, while leading Brexiteer Jacob Rees-Mogg likened Northern Ireland's place in the union as akin to the centre of the universe. Speaking ahead of his Tory party conference speech, the chancellor said any … [Read more...] about Northern Ireland ‘at centre of UK universe,’ says Rees Mogg
News / UK and world by Press Association September 28, 2018, 6:23 am FacebookTwitterLinkedInWhatsAppEmail Sign up to our Daily newsletter Boris Johnson has set out his alternative plan for Brexit. Here are some key elements of the proposals laid out in an article for the Daily Telegraph. A “failure of government” Mr Johnson said a “pretty invertebrate performance” in the Brexit negotiations had seen a “collective failure of government” that had ended with the Chequers plan. He is calling for Theresa May to “chuck” her Brexit proposals, renegotiate the arrangements for Britain’s withdrawal from the EU and go to Brussels with his plan for the future relationship. What does Mr Johnson say is wrong with Chequers? The plan agreed by Cabinet – including Mr Johnson before his resignation as foreign secretary – will result in “enforced vassalage” of Britain to the EU, he said. UK firms will be … [Read more...] about Key elements of Boris Johnson’s alternative vision for Brexit