from breakfastmtn@piefed.ca to world@lemmy.world on 18 Feb 20:14
https://piefed.ca/c/world/p/534916/brussels-pitches-english-first-approval-to-speed-up-eu-trade-deals
Agreements with India and Indonesia would be test cases under a new “accelerated procedure” floated by the European Commission.
The European Commission wants to cut almost a year off the time it takes to approve trade deals by giving the English version of agreements a head start, allowing political approval to move ahead before translations into the EU’s two dozen languages are finalized.
The EU is under pressure to raise its trade game as the U.S. and China close faster deals, and President Donald Trump wields tariffs to exert geopolitical leverage. But, as the bloc acts to diversify its trading relationships, the process of checking and translating deals can hold up its own agreements for as long as two years.
The EU executive outlined a draft plan to capitals earlier this month that would telescope the time for agreements to enter into force by streamlining their translation, according to an internal presentation seen by POLITICO.
#world
threaded - newest