Valdis Dombrovskis

Beijing said on Tuesday it had lodged a complaint with the World Trade Organization over the European Union's decision to impose hefty tariffs on Chinese-made electric cars.

The EU said Friday there were "significant remaining gaps" in negotiations seeking to avoid hefty tariffs on Chinese-made electric cars due to take effect next week but added that talks would continue.

European Commission President Ursula von der Leyen has largely finalized her team for the upcoming term, with several key positions already designated. According to the German newspaper "WELT," which was cited by BGNES, the role of vice-president for economic affairs is set to go to Raffaele Fitto from the Italian Brothers party.

The United States is planning to establish logistics centers in Black Sea countries to expedite the delivery of arms to Ukraine. This move comes as Hungary and Slovakia have struggled to initiate consultations with Ukraine, mediated by the European Commission, regarding the resumption of oil supplies from the Russian company Lukoil.

Türkiye and the European Union have held talks for the first round of high-level trade dialogue to discuss visa, bilateral trade and customs union issues.

Trade Minister Ömer Bolat, accompanied by a Turkish delegation, and EU Commission Vice Chairman Valdis Dombrovskis, with commission officials, took part in the talks in Brussels on Monday.

In a significant move toward Bulgaria's integration into the Eurozone, the European Commission (EC) has pledged support for the country's efforts to promote the adoption of the euro.

The European Commission has unveiled plans for significant tariff hikes on grain imports from Russia and Belarus. The proposed tariffs, described as potentially functioning as de facto sanctions, aim to address growing concerns over the use of food exports as a geopolitical tool by Moscow while safeguarding EU markets and farmers.

Ukraine is willing to accept limitations on its trade with the EU as a means to resolve a contentious political disagreement with Poland, according to the Ukrainian trade minister, reported by the Financial Times.

The World Trade Organization Tuesday enshrined new rules facilitating trade in services between more than 70 member states, the European Union's trade commissioner said, despite initial objections from India and South Africa.

The set of rules will streamline authorisation requirements and ease procedural hurdles faced by businesses, according to a press release.

More than 120 WTO member states have finalised an agreement that aims to facilitate investment in developing countries by improving transparency and clearing bureaucratic hurdles, the global trade body said Sunday.