The June In Focus edition features in-depth analyses from our network of experts in trade policy. We are delighted to feature an article from commissioner Cecilia Malmstrom in which she outlines the EU trade talks with Mexico and the EU’s future approach to trade policy. Laurence Ankersmit from Client Earth brings us insightful details of the CETA crisis in the Belgian province of Wallonia. Peter Balas from Covington and Burling discusses the trade policy implications of Brexit.
Further in the newsletter, Iain MacVay and Jorge Miranda from King & Spalding provide a thorough outline of the EU’s trade defence instruments (TDIs) reform. Vanessa Naish and Hannah Ambrose from Herbert Smith Freehills further discuss the relationship between the EU’s investment court system and the wider EU legal order. Additionally, we prepared our own ABC of trade.
In the wake of Wallonia’s resistance to the Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada, concerns have been raised over the ability of such a region to block a future trade deal between the UK and the EU.
With greater clarity on both the UK and the EU positions, we now have a better understanding of the huge challenge they face in finding agreed terms for Brexit. Discussions will now begin about the staging of talks, the fate of millions of EU and UK citizens, and the financial settlement. However, there is much less clarity for business and the legal community on the trade policy implications of Brexit.
Vanessa Naish and Hannah Ambrose from Herbert Smith Freehills discuss the relationship between the EU’s investment court system and its compatibility with the EU law.
The European Commission has proposed two sets of amendments to the basic anti-dumping and anti-subsidy Regulations, 2016/1036 and 2016/1037. The proposals are designed for different purposes but both will, if passed into law, result in significant changes to the operation of trade remedies in the EU.