Trade negotiations: Commission publishes reports following negotiating rounds with Mexico and Mercosur
The Commission publishes today – as part of its commitment to a more transparent trade policy – reports summarising the progress made during the latest negotiating rounds for the EU-Mexico and EU-Mercosur trade agreements. The reports offer a summary of the progress made in all areas of the negotiations, namely: 1) Trade in goods (including Market Access, and General Rules); 2) Non-Tariff Measures; 3) Rules of Origin; 4) Trade in Services; 5) Procurement; 6) Intellectual Property (including Geographical Indications); 7) Sustainable Development, 8) Other issues (Institutions and Regulatory Cooperation). Both negotiations are progressing at a good pace with full engagement from both partners. The latest round of talks with Mexico took place from 26 and 30 June 2017 in Mexico City and the next one is planned in Brussels for 25 to 29 September, with intersessional meetings between 24 and 27 July. The latest round with Mercosur was held between 3 and 7 July 2017 in Brussels and the next one is planned in Brasilia for 2 to 6 October, with intersessional meetings between 4 and 8 September in Brussels. The recent Commission proposals made in the course of the negotiations can also be accessed through the dedicated transparency page. More information on the EU-Mexico and EU-Mercosur talks is available on the website of DG Trade.
Sustainable Finance: Commission hosts major event to promote sustainable investment
The Commission is today hosting a major event to explore how best to use finance to promote sustainable investments and facilitate the transition to a low-carbon economy within the context of the Capital Markets Union. This is part of the European Union’s efforts to turn climate change, environmental and sustainable policy goals into tangible results. The EU is taking the lead in this area and needs to develop an overarching strategy to better align capital flows with a pathway to sustainable development and growth. That is why the European Commission established at the end of 2016 the High-Level Expert Group on Sustainable Finance as part of its commitment to the Paris Climate Agreement and its work on Capital Markets Union. After six months of intensive work, the Expert Group summarised its first results and policy options in an interim report. Today’s public hearing will give a wide range of participants the occasion to share their views on barriers to and possible solutions to ensure an increased uptake of sustainable finance. Vice-President Valdis Dombrovskis, responsible for Financial Stability, Financial Services and Capital Markets Union, opened the event in Brussels and Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, will give a keynote speech. The public hearing will be accompanied by the launch of a questionnaire by the High Level Expert Group. The programme of the conference is available here. The event is web streamed here, the questionnaire is available here.