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“Today’s agreement reaches confidence in indefinite times,” said the president of the commission, Ursula von der Lain, In his statements, shortly after her meeting with US President Donald Trump in Ternberi, Scotland, which led to a trade agreement between the EU and the USA, which includes 15% of the duties on European export.
Ursula von Der Leyen emphasized that an agreement that was achieved “offers stability and predictability for citizens and enterprises on both sides of the Atlantic,” and emphasized that this was an agreement between the two largest economies in the world, with a trade in 1.6 trillion euros.
“Only a few weeks after the NATO summit, this is the second construction unit that confirms transatlantic cooperation,” the president of the commission added.
In particular, referring to the details of the trading agreement, von der Lein emphasized that there is a “single tariff rate of 15%” for the vast majority of EU exports, which is applied to most sectors, including cars, semiconductors and pharmaceuticals.
“Temporary and heterogeneous”
The trade transaction, declared between the United States and the EU, provides “temporary stability”, but remains “heterogeneous,” said Benzam Handad, Deputy Minister of European Affairs in France, preventing the danger of Europeans to suffer too much.
He welcomed that the agreement excludes “key areas of the French economy (aeronautics, alcohol, drugs)”, excluding “any concession to our sensitive rural areas” and “supports” intravenous “European rules for issues like this and this”.
“But let’s be clear: the situation is not satisfactory and cannot be constant“, Judging by Mr. Hadad, emphasizing that Washington”made a choice of economic coercion, completely despising the rules of the WTO“
At the same time, the French Minister of the industry Mark Ferazi noted that “this story has not ended”, given that within a few weeks or even months before the agreement was officially completed.
Mr. Ferachi told Radio RTL that it would be required more effort to convert the US and the EU trade.
Chancellor Mertz welcomes a deal
Its satisfaction with the European Union and the United States on the issue of customs duties was expressed by German Chancellor Friedrich Mertz, emphasizing that the menacing escalation of a commercial conflict that will fall into the German economy was prevented.
“I welcome the agreement reached between Ursula von der Lein and Donald Trump in negotiations between the European Union and the United States. It is good that Europe and the United States have reached an agreement, thereby avoiding unnecessary escalation in transatlantic trade relations, ”the Chancellor said that they note that Unity and Unity and Word Works.
“Thanks to this agreement, a trade conflict was managed, which will be exported, focused on the export economy. This is especially true for the automotive industry, where current responsibilities will be reduced almost half, from 27.5% to 15%. It is at this moment that the rapid decrease in duties is of greater importance, ”, according to Chancellor Mertz, and he, like his interesting, he, like him, he, like him, he, he, he, like his interesting, he, like his interesting, he, in his opinion, he, like his interesting, he, like his interesting, he, like in this, is that he, as well, is, that he is, as well as this, as well as this. that its basic, that it, as more, is that its basic restrictions on transatlantic trade. “Each – on both sides of the Atlantic – beneficial from stable and predictable trade relations with access to the market. Both enterprises and consumers, ”he said.
“Germany and the European Union support free and fair world trade. Therefore, I will continue to be in favor of reducing duties and eliminating commercial barriers. It also applies to negotiations on further agreements on free transactions with our partners around the world and, above all, to complete the agreement with the countries of the Mercrubs in South America, ”Friedrich Mertz said in a statement.
A Foreign trade link (BGA) in Germany For his part, he talked about a “painful compromise.” The US Agreement will influence Germany, it will cost growth, prosperity and jobs, ”warned Dirk Yadur, President of BGA.
Speaking on the First Channel of German Public Television ARD, the economist specializes in financial markets Ultimate He warned of the danger of “huge loss of prosperity”, which, according to him, “will not be eliminated in the near future, because when these responsibilities are imposed, it will no longer be easily reduced.” The economist also calculated that for the entire EU consequences will be more limited by almost 50%than for Germany, while clarifying that in the forecasts of experts there is significant uncertainty and volatility, since it cannot be predicted for how long it will remain in strength.
As “humiliation” for Europe, he described the “asymmetric”, as he described this, an agreement on the EU Head of the Institute of Economic Research by MFIs Munich Klensa FuHowever, arguing that the results of negotiations “reflects the actual balance of power.”
Rome reaction
A joint statement signed by the Prime Minister of Italy George Melony and two vice presidents of the Rome government, Matteo Salvini and Antonio Tayyani, belong to the European Union agreement with the United States to determine new trade duties.
“We positively judge the news of the achievement of an agreement between the European Union and the United States, the duty and commercial policy, which prevents the risk of a trade war in the West, which will have unpredictable consequences,” the statement said.
At the same time, among other things, it is emphasized that “the decision of the negotiations is the result that European institutions and the state -member states, including Italy, worked, working with great efforts and joint operations, avoiding trapping those who demanded that the direct conflict eat.”
According to the Italian government, this agreement guarantees stability and “considers it viable, since the basis of the agreement is 15%, especially if it includes previous duties and is not added to them as – on the contrary – it was originally provided:“ Italy, finally, calls to Brussels ”
G. Bratakos: Greece must ensure its competitiveness
“The recent agreement of the United States and the European Union, which includes a new tariff structure, is the decisive development of transatlantic cooperation and the world economy. The new tariff structure arising as a result of the agreement creates the conditions of greater predictability, but also includes problems for specific areas of European production. ”
The above was set out in the statement by the President of Ebea Yiannis Bratakos, on the occasion of the new trade agreement on the EU.
He added:
“With the exception of strategic sectors, such as aeronautics, universal medicines, chemicals and some agricultural goods, is a positive development. However, the guidance of uniform responsibilities on products with high added value, including pharmaceutical, industrial and agricultural exports, can affect the competitiveness of business that support critical shares of the Greek economy.
Particular attention is necessary to protect symbolic Greek products, such as olive oil, feta and wine, which are under threat of encumbrance with a new regime. In this environment, the need for constant monitoring of events and significant participation in the formation of European decisions becomes critical.
At the same time, the strengthening of energy cooperation with the United States, by increasing the import of liquefied investments in natural gas and infrastructure, opens up new opportunities for Greece, especially in areas of logistics, shipbuilding and regional energy interconnection.
The Athenian Chamber of Commerce and industry urges the Greek government to ensure in the context of European institutions that the final implementation of the agreement will not violate the competitiveness of Greek exports and will not increase the dependence of specific sectors on third markets.
Our country has come to invest specifically and more actively in the relationship with the United States and at the same time expand its prospects for exports to alternative markets. EBEA will continue to support these national efforts with documented interventions, services for its members and the constant promotion of Greek entrepreneurship abroad. “