TARIFFS AND QUOTAS IN THE EVENT OF A NO DEAL WITH THE UK

If a deal can’t be agreed with the EU, then the UK will default to World Trade Organization (WTO) terms from 1 January 2021. The UK would have to apply tariffs and quotas to goods coming into the country from the EU, and the EU would apply its “third-country” tariffs and quotas to the UK. That means the UK would be hit by big taxes when it tried to sell products to the EU market. The bloc’s average WTO tariffs are 11.1% for agricultural goods, 15.7% for animal products and 35.4% for dairy.

FRENCH REGIONS VS GERMAN LÄNDER

Ranking by Population

France

EUROPEAN GREEN DEAL TOPICS

1. Increasing climate ambition: cross-sectoral challenges

  • Preventing and fighting extreme wildfires with the integration and demonstration of innovative means
  • Towards climate-neutral and socially innovative cities
  • Climate-resilient innovation packages for EU regions

2. Clean affordable and secure energy

EUROPEAN ECONOMIC FORECAST (MAY 2020)

Source: European Commission

GDP Growth Rate

FRANCE’S GRIM STATISTICS

  1. France’s economy will take two years to recover from its worst post-war recession.
  2. The euro zone’s second-biggest economy is on course to contract 10.3 per cent this year, before it bounces back with growth of 6.9 per cent in 2021 and 3.9 per cent in 2022.
  3. Nearly a million jobs are likely to be shed this year and unemployment could climb to a new record of 11.8 per cent in the first half of 2021.
  4. Gross domestic product expected to contract 11% this year.
  5. National debt is expected to swell to an unprecedented 120.9% of economic output

TRUMP’S WITHDRAWAL DOCTRINE

Trump has pulled the United States out of every manner of multilateral agreement and institution overseas in the name of going it alone. Going it alone, though, makes little sense in a world increasingly defined by global challenges that can best be met through collective, not individual, action.

U.S.-UK TRADE TALKS

Trade talks between the UK and US have officially begun. Both parties are working towards a free trade agreement. There are doubts over the timeline of when these talks will come to a conclusion.

UK Overall objectives for a Free Trade Agreement

• Agree an ambitious and comprehensive Free Trade Agreement (FTA) with the United States (US) that strengthens the economic relationship with our largest bilateral trading partner, promoting increased trade in goods and services and greater cross-border investment.

HYDROGEN INDUSTRY MEMBERS

Austria

  1. AVL List GmbH
  2. Fronius International
  3. OMV
  4. Verbund
  5. Voestalpine AG
  6. Worthington Cylinders

Belgium

GERMANY’S NATIONAL HYDROGEN STRATEGY

The German Federal Government agreed on a “National Hydrogen Strategy” on 10 June 2020.

I.D.E.A. THE EXECUTIVE THINK TANK OF THE EUROPEAN COMMISSION

I.D.E.A. is an advisory service that provides innovative ideas and a unique space for interdisciplinary research and collaboration on core Commission priorities. It accelerates ideas for concrete action and reports directly to the Commission President.

The mandate of I.D.E.A. is to:

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