07 Jan 2016
EUROPEAN COMMISSION DAILY NEWS – 07 JANUARYBrussels Daily
EUROSTAT: Volume of retail trade down by 0.3% in euro area
In November 2015 compared with October 2015, the seasonally adjusted volume of retail trade decreased by 0.3% in the euro area (EA19), while it rose by 0.2% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In October retail trade fell by 0.2% in the euro area and remained stable in the EU28. In November 2015 compared with November 2014 the retail sales index increased by 1.4% in the euro area and by 2.6% in the EU28. A Eurostat press release can be found here.
EU contributes €100,000 to increase transparency in investor-to-state disputes
The EU will contribute €100,000 to finance a publicly accessible register of documents related to international investor-to-state dispute settlement (ISDS) cases and decisions of ISDS tribunals. The register supports the implementation of the ISDS transparency rules of the United Nations Commission on International Trade Law (UNCITRAL), in force since April 2014. Transparency is at the core of the European investment policy. For that reason, the EU has been in the driving seat as regards development and adoption of the UNCITRAL international transparency standards, in addition to the reform of the EU’s own approach to investment disputes. The EU incorporates the UNCITRAL transparency standards into all its trade and investment agreements under negotiation. The UNCITRAL transparency rules apply to all investment treaties concluded after 1 April 2014 using the UNCITRAL arbitration rules. The progressive ratification of the 2015 Mauritius Convention would extend their applicability also to the disputes under the existing agreements. Publicising the documents and opening the hearings of the ISDS tribunals to civil society organisations increases their legitimacy and accountability. The availability of information also brings consistency between awards and predictability necessary for investors, stakeholders, states and investment tribunals. The EU financial support to the public register contributes to these objectives. More information on the ISDS public registry, the UNCITRAL Transparency Rules and the EU investment policy is available online.
- EU to invest €1 billion in regions along its external borders
- Record €12.7 billion investment in transport now ready to deliver better mobility, new jobs and growth
|Daily News 07 – 01 – 2016|