Posts Tagged European Commission

Austria and Luxembourg Block EU’s Plans on Savings Tax Agreements

17 May 2012
Austria and Luxembourg have rejected the European Commission’s plans to negotiate new and stronger savings tax agreements with Switzerland, Monaco, Liechtenstein, Andorra and San Marino.
The European Commission’s desire is to conclude a treaty and strengthen common instruments with third countries against tax evasion, to abolish banking secrecy and to ensure an automatic exchange of data with third states.

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Update EU VAT Rules on Vouchers Proposed

10 May 2012, Brussels
The European Commission proposed to update EU VAT rules to ensure the uniform tax treatment of all types of vouchers across all members.
The EU VAT directive and impact assessment can be found here.

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Climate and Clean Air Coalition New Parterns

24 April 2012, Stockholm

The European Commission has joined the Climate and Clean Air Coalition and takes the number of partners to 13. Colombia, Japan, Nigeria, Norway announced their joining the Coalition along with the World Bank.

The meeting approved five actions that are to be implemented rapidly:

–          Fast action on diesel emissions from heavy duty vehicles

–          Upgrading old brick kilns (a significant source of black carbon emissions)

–          Accelerating reduction of methane emissions from landfills

–          Speeding up cuts in methane and other emissions from the oil and gas industry

–          Accelerating the take-up of alternatives to HFCs (hydrofluorocarbon gases)

The Climate and Clean Air Coalition it was founded by Bangladesh, Canada, Ghana, Mexico, Sweden and the United States and the UN Environment Programme (UNEP).

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The EU’s Public Procurement Market May Be Blocked for Some Foreign Companies

21 March 2012, Brusssels
The European Commission proposes to block from bidding for public contracts in Europe some foreign companies (like Chinese, American or Japanese companies) if their countries are consider to be excluding bids from European firms.
This measure can increase tensions over protectionism in international trade, especial between the signature countries of the General Procurement Agreement deal from the World trade Organization.
Public procurement affects a substantial share of world trade flows and amounts to EUR1,000 billion per year.
Further information on:



New Partnership on Organic Trade between European Union and United States

The European Union and the United States announced that beginning June 1, 2012, organic products certified in Europe or in the United States may be sold as organic in both markets. Formal letters creating this partnership were signed on 15 February 2012 in Nuremberg, Germany.
This agreement will benefit the organic farmers and food producers, this will mean easier access, with less bureaucracy and less costs, and the improver transparency on organic standards in each U.S. and E.U. region. The partnership will open new market opportunities and will create more opportunities for small businesses. The agreement will eliminates significant barriers, as double certifications to two standards as now. The products traded under the partnership must be shipped with an organic export certificate.
The European Commission’s Directorate General for Agriculture and Rural Development and the U.S. Department of Agriculture’s (USDA) National Organic Program will both have oversight functions.

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