Antitrust: European Commission fines Guess €40 million for anti-competitive agreements to block cross-border sales

The European Commission today fined the clothing company Guess €39 821 000 for restricting retailers from online advertising and selling cross-border to consumers in other Member States ("geo-blocking"), in breach of EU competition rules. Commissioner Margrethe Vestager, in charge of competition policy, said: "Guess' distribution agreements tried to prevent EU consumers from shopping in other Member States … Continue reading Antitrust: European Commission fines Guess €40 million for anti-competitive agreements to block cross-border sales

EU-Japan trade agreement on track to enter into force in February 2019

The European Commission welcomes today's approval in the European Parliament of the EU-Japan Economic Partnership Agreement and the EU-Japan Strategic Partnership Agreement. The trade agreement negotiated by the Commission is the first ever to include an explicit reference to the Paris climate agreement. It will create an open trading zone covering 635 million people and … Continue reading EU-Japan trade agreement on track to enter into force in February 2019

Understanding the GDPR: General Data Protection Regulation

The GDPR–or General Data Protection Regulation–is a regulation passed by the European Union on April 27, 2016, with an effective start date of May 25, 2018. Officially classified as regulation 2016/679, the GDPR expands upon and replaces the Data Protection Directive 95/46/EC of 1995. It serves as the EU’s effort to synchronise and harmonise laws on citizen and resident … Continue reading Understanding the GDPR: General Data Protection Regulation

Single Market: trading safe products across Europe

Question & Answers on the Commission proposals What is the Commission proposing and why? The free movement of goods is one of the building blocks of the EU Single Market. It means that companies can sell their products in any EU country without additional barriers. This creates new opportunities for businesses, but also gives consumers a wider … Continue reading Single Market: trading safe products across Europe

Anti-dumping: EU agrees on new rules for protecting its producers against unfair trade practices

On 11 October 2017, EU ambassadors endorsed the political agreement reached between the presidency and the European Parliament on a proposed methodology for assessing market distortions in third countries. The new rules will maintain the EU's capacity to protect its producers against unfair trade practices. They aim at detecting and redressing cases where prices of … Continue reading Anti-dumping: EU agrees on new rules for protecting its producers against unfair trade practices

NAFTA – Essential for Our Auto Industry: Scotiabank Economics

The North American Free Trade Agreement (NAFTA) has enabled the North American auto industry to become one of the most competitive in the world, allowing it to boost productivity and gain global market share. Under the agreement, the auto industry has developed one of the world's most highly integrated supply chains, with three-quarters of US-made … Continue reading NAFTA – Essential for Our Auto Industry: Scotiabank Economics

EU-Canada trade agreement enters into force

On Thursday, 21 September, the Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada enters into force provisionally.   Welcoming this milestone in the EU's trade policy, President of the European Commission Jean-Claude Juncker said: "This agreement encapsulates what we want our trade policy to be - an instrument for growth that benefits European companies … Continue reading EU-Canada trade agreement enters into force