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Iraq Bulletin

Tag : European Union

Business

EU must diversify trade and ratify Mercosur and Mexico deals

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The United States’ decision to impose an additional 20 percent tariff on products imported from the European Union (EU) has drawn strong criticism from BusinessEurope, the continent’s largest business organization. Speaking from Brussels on April 3, 2025, BusinessEurope Director-General Markus...
Business

Türkiye and Iceland lead sharp rise in EU aluminium imports

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The European Union (EU) recorded a trade deficit in aluminium of €11.1 billion in 2024, as per newly published data from Eurostat. The EU imported €29.5 billion worth of aluminium and related articles, while exports totaled €18.4 billion, reflecting a...
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Loans worth €4.5 billion approved for Egypt and Jordan by EU

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The European Parliament's International Trade Committee has endorsed two separate macro-financial assistance (MFA) packages aimed at supporting Egypt and Jordan, with proposed loans of €4 billion and €500 million respectively. The approvals were granted during a vote held on 21...
News

EU to boost military budget in €800 billion defence plan

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The European Union has announced plans to substantially increase its defence spending, committing €800 billion (approximately $868 billion) over the next four years. The decision was formalized during a summit of EU leaders held in Brussels on March 20, 2025,...
News

EU reports show mixed progress on zero-pollution targets

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The European Union is intensifying efforts to meet its ambitious 2030 zero-pollution targets as new reports highlight both achievements and challenges. On March 3, 2025, authorities released detailed analyses documenting progress in reducing pollution while also underscoring the need for...
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Central Asia to engage with new EU envoy Eduards Stiprais in March

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The Council of the European Union has appointed Eduards Stiprais as the new EU Special Representative (EUSR) for Central Asia. He will assume his duties on 1st March 2025, with an initial two-year mandate, succeeding Terhi Hakala in the role....
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EU reports €27.2 billion surplus in latest trade data

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The European Union recorded a trade surplus of €27.2 billion in the final quarter of 2024, continuing a six-quarter streak of positive trade balances, according to Eurostat, the statistical office of the EU. This sustained surplus follows a period of...
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Kristersson warns Europe could become a “museum” without AI reform

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Sweden’s Prime Minister Ulf Kristersson has warned that Europe risks becoming a “museum” if it does not ease its strict regulations on artificial intelligence and foster a more innovation-friendly environment. Speaking at the Techarena event in Stockholm on Thursday, Kristersson...
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Zelensky welcomes Starmer’s offer of UK troops in Ukraine

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British Prime Minister Keir Starmer has signaled his readiness to deploy UK troops to Ukraine as part of a broader European effort to secure a lasting peace agreement. Writing in a local newspaper, Starmer stated that the UK is “ready...
Business

EU to resist US tariffs as Trump pushes for reciprocal trade policy

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The European Commission has expressed strong opposition to U.S. President Donald Trump’s proposed “reciprocal” trade policy, calling it a step in the wrong direction. The Commission reaffirmed its commitment to an open and predictable global trading system, emphasizing that such...