• EU to be tougher in trade talks, include climate change goals in deals

Market news

18 February 2021

EU to be tougher in trade talks, include climate change goals in deals

Reuters reports that European Union trade commissioner said that the EU will become more assertive in trade talks and push for its international partners to include combating climate change in future deals.

Valdis Dombrovskis said the EU would seek an overhaul of the World Trade Organisation's dispute settlement system and ensure it set rules for digital trade. 

"To defend ourselves when other parties do not play by the rules, the EU will take steps to be tougher and more assertive," Dombrovskis was quoted by Politico as saying. "We will strengthen the tools at our disposal to stand up for our rights and values, and protect ourselves from unfair trade practices."

The Commission will also propose on Thursday that the 2015 Paris climate change agreement be an essential part of future trade deals and seek commitments from G20 partners on climate neutrality targets, the Financial Times reported him as saying.

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