« More Insights


Europe

EU negotiators see Brexit deal close
“The two sides are trying to push the divorce deal as well as an agreement on post-Brexit relations over the line in time for leaders’ summits scheduled for Oct. 17-18 and Nov. 17-18.”
[Reuters]

EU trade chief warns that U.S. tariffs on European cars ‘could absolutely happen’
“The EU hopes that swift progress in the area of regulatory cooperation could avoid a tariff escalation. Malmström said she is ‘waiting for U.S. reactions’ on an EU proposal, and said that trade experts from both sides would hold discussions this ‘later this month.’”
[Politico]

Europeans approve flexible VAT for e-books
“Until now e-books have been subject to the higher VAT rates applied to computer software, rather than the lower, privileged VAT rates allowed for print books under E.U. law. The new agreement allows, but does not oblige, member states to lower VAT rates on e-books to that of print books, which in some countries is as low as zero.”
[Publishers Weekly]

Middle East

UN court orders U.S. to lift some Iran sanctions
“In a preliminary ruling in the case, the court said Wednesday that Washington must ‘remove, by means of its choosing, any impediments arising from’ the re-imposition of sanctions to the export to Iran of medicine and medical devices, food and agricultural commodities and spare parts and equipment necessary to ensure the safety of civil aviation.”
[Hurriyet Daily News]

Iran sets deadline for EU to implement anti-sanction plan
“Deputy Foreign Minister Abbas Araqchi said Iran has underlined that the European Union’s decision to set up a payment system to allow foreign oil companies and businesses to continue trading with Iran while evading the US sanctions should come into effect no later than November 4. Even if not fully in force, at least the framework of the European mechanism for sustained trade with Iran under the fresh round of American sanctions must be defined until November 4 and part of it should be working, Araqchi underscored.”
[Tasnim News Agency]

Africa

Sudan cancels import restrictions on 19 foods
[Zawya]