On October 8, the European Automobile Manufacturers’ Association (ACEA) released a statement on the European Commission‘s proposal to extend protection of the European steel market. Automobile manufacturers source approximately 90% of their direct steel purchases in the EU and are most concerned about the inflationar
On October 13, the European Automobile Manufacturers’ Association (ACEA), along with 25 other European business associations, jointly called for the swift ratification of the EU-Mercosur Partnership Agreement. Mercosur is the Southern Common Market, a South American trade bloc established in 1991. Its members are Arg
On October 8, the China Chamber of Commerce in the European Union (CCCEU) raised concern regarding the EU's steel import restrictions. CCCEU stated that the EU's proposed steel import restrictions were a "protectionist step" that could negatively impact global trade stability and downstream industries.
While the CCC
On October 9, the European Commission announced that it has published calls for projects to award EU funds worth a total of just over EUR 204 million to propel the deployment and take up of innovative digital technologies across Europe.
Under the Digital Europe Programme, 9 project calls focus on advancing AI and big
On October 7, the European Commission presented a proposal to protect the EU steel sector from the unfair impacts of global overcapacity. The proposal upholds the principle of open trade and enhances engagement with global partners to address overcapacity. The proposal will replace the steel safeguard measure that is
On October 7, the European Automobile Manufacturers’ Association (ACEA) welcomed the European Parliament’s approval of the extension of the deadline that allows member states to fully exempt zero-emission trucks and buses from CO2-based road user charges. It will help to improve cost parity between ZEVs and conventio
On September 25, European Trade Commissioner Maros Sefcovic said that automotive OEMs will save around EUR 500-600 million (USD 585-700 million) per month, dating back to August 1, as a result of the Trump administration implementing its trade deal with the European Union.
Sefcovic was referring to the deal establish
On September 14, the Department of Commerce and Office of the U.S. Trade Representative published a Federal Register filing detailing lowered tariffs on auto imports and a range of goods from the European Union to 15% retroactive to August 1, cementing terms of the framework trade agreement the two sides struck almos
On September 24, the Chair of Production Engineering of E-Mobility Components (PEM) at RWTH Aachen University announced that it will be developing innovative battery packs in collaboration with national and international partners as a part of the European “RESiLiTE” research project.
The EUR 6.2 million EU-funded pro
On September 23, the president of the German Association of the Automotive Industry (VDA) welcomed the EU and Indonesia agreement on a free trade agreement after nine years of intensive negotiations. Indonesia is an important growth and diversification market for the German automotive industry. The agreement will cre
On September 23, the European Union and Indonesia finalised their negotiations on the ‘Comprehensive Economic Partnership Agreement’ (CEPA), and an Investment Protection Agreement (IPA). The agreement will give EU companies privileged access to the Indonesian market by removing import duties on 98.5% of tariff lines
On September 19, Neo Performance Materials opened its new rare earth magnet manufacturing facilities in Narva, Estonia. Neo’s magnet plant in Estonia is playing a catalytic role in strengthening European supply chains for rare earth magnets.
The Just Transition Fund supports this plant with EUR 14.5 million. It will
On September 16, the EU Commission for Transport and Tourism announced that it is launching the Clean Transport Corridor Initiative to cut freight emissions by increasing charging points for heavy trucks along major freight routes. The initiative will start with the Scandinavian-Mediterranean and North-Sea Baltic Cor
On September 12, the President of the European Commission chaired the third Strategic Dialogue on the Future of the European Automotive Industry. The meeting discussed Europe's leadership in electric vehicles, innovation in autonomous and connected vehicles, and strengthening the battery manufacturing industry. The
On September 10, European Commission President Ursula von der Leyen announced that the European Commission will launch a Battery Booster package that includes several financial measures and support mechanisms. This will put EUR 1.8 billion up for equity to boost production in Europe. It will also introduce a “made in
On September 3, the European Commission put forward its proposals to the Council for the signature and conclusion of the EU-Mercosur Partnership Agreement (EMPA) and the EU-Mexico Modernised Global Agreement (MGA).
The deal with Argentina, Brazil, Paraguay, and Uruguay (EU-Mercosur Partnership Agreement) will create
On September 3, the European Automobile Manufacturers’ Association (ACEA) stated that the EU-Mercosur and EU-Mexico Free-Trade Agreements offer sizeable benefits for European vehicle makers in an increasingly unpredictable global trade environment. Every year, over 30% of vehicles produced in the EU are exported to i
On August 29, the president of the German Association of the Automotive Industry (VDA) welcomed the European Commission's proposal to reduce EU tariffs on US industrial goods to zero, as announced in August. VDA now expects the US to reduce tariffs on imports of cars and car parts from the EU to 15%, retroactively to
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