Trade Agreements European Union

News & Analysis as of

Orrick's Financial Industry Week in Review

Financial Industry Developments - Agencies Publish Study on Banking Activities and Investments under Dodd-Frank - On September 8, 2016, the Board of Governors of the Federal Reserve System, Federal Deposit Insurance...more

WTO Panel Report: Russia – Pigs (EU)

Decision: A WTO Panel has ruled that the Russian Federation violated its WTO obligations by imposing an EU-wide ban on live pigs and pork products, in breach of the food safety rules of the WTO Agreement on the...more

EU Customs Developments - July 2016

EU Customs Policy - Union Customs Code Developments - On 19 July 2016, the European Commission published a proposal to amend Article 136 of the Union Customs Code (UCC). This Article UCC exempts goods that have...more

Building a future: addressing the Brexit challenge

"Brexit means Brexit" according to Theresa May. But although the Government has now indicated that it is committed to Brexit and achieving the best possible outcome for the UK, no-one knows what form this will take or how...more

Prioritising Environmental Obligations in Future Trade Agreements

We have commented previously about the Transatlantic Trade and Investment Partnership (TTIP) and its relationship with environmental obligations. Here, following Brexit, we turn our attention to future trade arrangements for...more

WTO Panel Report: Russia - Tariff Treatment

A WTO Panel has ruled that the Russian Federation has violated its WTO obligations by imposing duties on certain EU goods in excess of its committed ("bound") rates, in breach of Article II of the General Agreement on Tariffs...more

Managing Environment Risk in Trade Agreements Post-Brexit: What Can We Expect?

The UK’s decision to leave the European Union (EU), assuming the UK does not negotiate continued participation in the EU’s Internal Market and the Common Commercial Policy (on similar terms as now), will impact its existing...more

Competition/Antitrust Law and Brexit: Immediate Practical Points for Business

Brexit will impact competition (or antitrust) law in the UK. There will likely be material changes in procedural law in particular. Changes to substantive law will probably be less significant, at least for most companies,...more

Brexit Trade Audit: A Five-Step Guide to Help Determine the Way Forward

Companies doing business in the UK or from the UK should be looking to “future-proof” their operations following the UK’s recent vote to leave the European Union. A Brexit audit is one way of determining the possible impact...more

Canada to Increase Import Quota for EU Cheese, July 2016

Both Canada and the European Union (EU) are now in the process of ratifying and implementing The Canada and European Union Comprehensive Economic and Trade Agreement (CETA). Under the terms of CETA, Canada will open for...more

The potential impact of Brexit on the EU Emission Trading System and future UK climate policy

Through the referendum held on 23 June 2016, the United Kingdom voted to end its membership of the EU. Although the timeframe for withdrawal under Article 50 of the Lisbon Treaty limits the window for negotiations to two...more

Brexit Update: UK Employment Law Implications

In Depth - What laws will change now? - None. The United Kingdom will continue to be an EU Member State until procedures are completed for exiting the European Union. This is likely to be a long process that...more

Brexit: The Consequences for UK Employment Law

On 23 June 2016 the people of Britain voted in favour of leaving the European Union – the so-called "Brexit." The result has created uncertainty and speculation as to the implications of Brexit and what happens next. As...more

Initial Thoughts on Brexit for US Reporting Companies

Britain’s vote to exit the European Union (Brexit), is an alarm here, there and everywhere, of solidifying popular and national anxiety, of a conviction that free trade and globalization are not tides that lift all boats,...more

Your daily dose of financial news - The Brief – 6.28.16

Continuing Brexit coverage: With the pound in freefall and markets going haywire, leaders on both sides of the Brexit debate in the UK signaled today that Britain hopes to stay in the EU marketplace, while some in Parliament...more

Brexit - Business as usual? What you need to know

Despite the UK’s vote to leave the European Union, companies doing business in the UK can still continue to trade with the European Union in exactly the same way as they have done in the past. The UK is still a member of...more

The Morning After: Waking up to Brexit and Its Impact on Your Business

On the morning of June 24, 2016, we woke up to a headline that had been much discussed, but still added a jolt to many people’s morning coffee: Britain to Leave the European Union....more

Brexit – Major Upheaval and Change

As the UK leaves the EU, in light of the seismic result of the United Kingdom referendum on June 23, 2016, there will be an immense amount to do, for the UK and the remaining EU, and for companies that are either based in, or...more

The Long Road Ahead for the UK and Europe

The UK has voted to leave the EU, but what happens next is undecided. For now, nothing changes. The June 23 referendum was advisory, and the actual processes and mechanisms that will determine the UK’s exit from the EU will...more

Brexit: What Does the Vote Mean for Business?

Today, it was announced that the UK public has voted to leave the European Union. There will now be a negotiation of a new relationship between the UK and Europe. The fact of the vote itself has no legal effect on the laws of...more

The UK has voted to leave the EU: What now?

The British public have voted that the UK should leave the EU. The EU Referendum vote (the Leave Vote) does not by itself result in an automatic UK exit from the EU. The EU Treaty provides for a framework for a...more

Brexit: Implications for the Financial Services Industry

The UK has voted to cease being an EU member state. Yesterday, June 23, 2016, the UK held a referendum on its future in the European Union (EU)—the "Brexit". The result this morning shows that 51.9% of voters in the UK...more

To BREXIT or Not to BREXIT? That is the Question.

On 23 June 2016, the UK will hold a referendum in which the British people will vote on whether the UK should remain part of the European Union or leave. This important decision will be determined by a simple majority of...more

Agreement Toward Eliminating Tariffs of High-Tech Products to Take Effect July 2016

The European Parliament became the most recent body to ratify an expansion of the expanded World Trade Organization (WTO) Information Technology Agreement (ITA). The deal had previously been committed to and signed by the EU,...more

EU Customs Developments - April 2016

EU Customs Policy - Union Customs Code (UCC) Developments - On 1 May 2016, the Union Customs Code (UCC) entered into force. The UCC is the new EU framework regulation for the rules and procedures for customs and...more

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