Difficult moment in transatlantic relations – EUbusiness Week newsletter 763 – EUbusiness.com

EUbusiness Week 763 top stories: Brexit, uncertainty reel back EU growth forecasts; Turkey ‘moving away from the EU’: enlargement report; Brussels proposes new anti-dumping measures; EU tax havens blacklist set for end 2017; EU sets out vision for world’s oceans; Call for vigilance over bird flu in Europe

Publisher’s Note

The Brexit sequel opened in the United States this week, to shock and concern from many on this side of the Atlantic – a “difficult moment in the relationship between the United States and the European Union”, was how EU Parliament chief Martin Schulz put it, as he offered Mr Trump the “full respect” of the EU institutions.

EU leaders will however be anxious about transatlantic relations, particularly the TTIP trade deal, and look to strengthen cooperation on our common challenges. Whether president-elect Trump sees it that way remains to be seen.
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Regards,

Nick Prag
Publisher, EUbusiness

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1. Brexit, uncertainty reel back EU growth forecasts

The Commission trimmed its growth forecast for the European economy Wednesday, citing political uncertainty, Brexit and weak global trade as weighing on growth prospects.
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2. Turkey ‘moving away from the EU’: enlargement report

Turkey is moving away from the EU, the Commission warned in its annual assessment of potential EU members’ progress in implementing key political and economic reforms.
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3. Brussels proposes new anti-dumping measures

The Commission proposed Wednesday changes to the EU’s anti-dumping and anti-subsidy legislation to deal with over-capacity and a changing international legal framework.
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4. EU tax havens blacklist set for end 2017

EU finance ministers have agreed on the criteria and process for establishing an EU list of tax havens, with a view to finalising a list by the end of 2017.
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5. EU sets out vision for world’s oceans

The Union set out its vision for better ocean governance Thursday, with a joint agenda of actions to secure the effective conservation and sustainable use of the global seas and oceans.
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6. Call for vigilance over bird flu in Europe

Brussels has made a call for vigilance by EU Member States’ authorities and Europe’s poultry sector and said bio-security needed to be stepped up on poultry farms.
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EUROPEAN LAW

Hungarian ads: the Hungarian advertisement tax is in breach of EU State aid rules, the Commission has found, because its progressive tax rates grant a selective advantage to certain companies.
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Bank lender can be penalised for not including all information: EU Court
Latest news from the European Court of Justice
EU law firms
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Inside the EU Institutions

Council Watch

Statement on outcome of U.S. Presidential elections – 2017 EU budget – Taxation: criteria for screening third country jurisdictions – 2016 EU budget – Russia sanctions – money laundering
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Commission Watch

Aggressive tax planning schemes consultation – International ocean governance – budget for promoting EU agricultural products – Czech railway probe – Sanofi animal health business acquisition – 2016 Autumn Economic Forecast – changes to EU anti-dumping and anti-subsidy legislation – Enlargement reports – new approach to Ecodesign
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Parliament Watch

MEPs back new rules on drones and emerging risks – no to suspending EU structural funds for Spain and Portugal – debate on CETA and other trade deals – Food price volatility – Lux Film Prize finalists
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EU diary

14-16 Nov: Entreprise Europe Network annual conference
14-15 Mov: Foreign Affairs Council
14-18 Nov: International product safety week
14-15 Nov: Agriculture and Fisheries Council
16-18 Nov: European Microfinance Week 2016
16 Nov: Economic and Financial Affairs Council
17 Nov: European Parliament Committee Meetings
17-18 Nov: Commission adopts monthly infringements package
The Week Ahead
Long-term diary