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Transatlantic Trade: US and Europe - Week of December 7, 2020

Last week, the United Kingdom (UK) moved forward with its first inoculations of the approved Pfizer/BioNTech COVID-19 vaccine. The United States (US) approved the Pfizer/BioNTech vaccine on Friday, 11 December, and will begin inoculations this coming week. The European Union (EU) continues to stress safety over speed in its vaccine approval process and has yet to follow suit. The UK sealed the deal on a number of Free Trade Agreements, while talks with the EU continue without any significant breakthroughs. Meanwhile, the UK and EU are also preparing for a possible hard exit scenario. This past week, Poland and Hungary reached a compromise with the EU on the custom union’s Budget and Recovery Fund, which will allow funds to flow at the start of the new year. The 116th US Congress, meanwhile, continues negotiations over a new COVID relief package, amid other priorities before adjourning.

Vietnam, UK Sign Agreement on Free Trade Deal, Look to Strengthen Ties

Vietnam, UK Sign Agreement on Free Trade Deal, Look to Strengthen Ties
vietnam-briefing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vietnam-briefing.com Daily Mail and Mail on Sunday newspapers.

December 7, 2020: Transatlantic Trade: US and Europe

Tuesday, December 15, 2020 Last week, the United Kingdom (UK) moved forward with its first inoculations of the approved Pfizer/BioNTech COVID-19 vaccine.  The United States (US) approved the Pfizer/BioNTech vaccine on Friday, 11 December, and will begin inoculations this coming week.  The European Union (EU) continues to stress safety over speed in its vaccine approval process and has yet to follow suit. The UK sealed the deal on a number of Free Trade Agreements, while talks with the EU continue without any significant breakthroughs.  Meanwhile, the UK and EU are also preparing for a possible hard exit scenario. This past week, Poland and Hungary reached a compromise with the EU on the custom union’s Budget and Recovery Fund, which will allow funds to flow at the start of the new year.  The 116th US Congress, meanwhile, continues negotiations over a new COVID relief package, amid other priorities before adjourning. 

Brexit: UK eyes closer trade ties with Southeast Asia, Pacific nations | Business| Economy and finance news from a German perspective | DW

Brexit: What will change from January 1? It s not clear when the final UK-Vietnam deal, which is expected to come into effect on January 1 next year, will be signed. I think the UK-Vietnam trade deal will basically mimic that of the EU with Vietnam but with potentially less favorable terms for the UK, Alicia Garcia-Herrero, chief economist for Asia-Pacific at Natixis, an investment bank, and a senior research fellow at Bruegel, told DW. For Vietnam, the UKVFTA basically means hyperconnectivity with many economies, including the UK. This can help Vietnam attract manufacturing FDI and become a much more relevant center for the global value chain, she added.

Vietnam, Britain close in on post-Brexit trade deal

Vietnam, Britain close in on post-Brexit trade deal
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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