– The lack of supplies is putting a strain on the automotive industry at an extremely inopportune time. It is in the midst of a comprehensive shift towards electromobility and suffered significant sales losses in the corona crisis. As a result, important production capacities in the semiconductor sector were lost to competing industries. And now … Read more
The Instituto de Fomento (Info) has organized a workshop for a hundred attendees to learn in detail the new export and import procedures to the UK, after the departure of this country from the European Union. “Procedures have changed notably due to what we have considered, until the situation normalizes, that it was important to … Read more
– Minis in Southampton The trade in cars and auto parts between the UK and the EU remains duty free. – (Foto: Bloomberg) – – – – London The free trade agreement between Great Britain and the EU has around 1500 pages including attachments. British Prime Minister Boris Johnson quipped in a video on Christmas Eve … Read more
– Boris Johnson The British Prime Minister continues to reject EU demands for fair competition. – (Photo: REUTERS) – – – – The Brexit negotiations are increasingly becoming a farce. On Friday evening, chief negotiators Michel Barnier and David Frost announced a break in free trade talks because they were stuck. Once again, their bosses, … Read more
– After a phone call between EU Commission chief Ursula von der Leyen and British Prime Minister Boris Johnson, both sides announced on Saturday evening that they wanted to continue talks on a trade agreement despite major differences. Without an agreement, at the end of the Brexit transition phase at the end of the year … Read more
Effects of the pandemic on Austria’s foreign trade, the financial behavior of households and companies as well as the lending and deposit business of banks Vienna (OTS) – Austria’s internationally strongly networked economy was hit extensively and hard by the global COVID-19 pandemic. The breakdown of international supply chains, the failure of the demand for … Read more