This event, taking place in Hong Kong will discuss Europe-Asia relations in the context of global developments.
This invitation-only event is organised by Bruegel and Bloomberg and will be held in Hong Kong on 7 July.
Inter-regional relations between Europe and Asia are at a crossroads, and their future direction is closely linked both to the global arena, as well as developments in Europe itself.
The global scenario is marked by a tectonic shift in a major player: the United States administration is opposed to multilateralism, argues for a renegotiation of “bad trade deals,” and calls into question the scientific consensus in areas such as climate change. Elections in Europe, at least up to the end of May 2017, suggest a political decoupling of Europe from the US. This represents both an opportunity and a real responsibility. This is the time for European policy makers to speed up their work on repairing the architecture of the euro area, while strengthening the stability of the EU. It is time for rigorous analysis of the challenges and open debate about the options on the table, also against the background of the Brexit negotiations.
During this off the record event we will discuss the implication of these geopolitical developments for European cooperation with Asia, covering trade and other forms of cooperation.
Peter Mandelson, Global Counsel, and former European Commissioner for Trade
Global Counsel, and former European Commissioner for Trade
Senior Reporter, Bloomberg L.P.
English common law is the choice of law for financial contracts, even for parties in EU members with civil law systems. This creates a lucrative legal sector in the UK, but Brexit could make UK court decisions difficult to enforce in the EU. Parties will be able to continue using English common law after Brexit, but how will these contracts be enforced? Some continental courts are preparing to make judicial decisions on common law cases in the English language.
The reduction of current account deficits in euro-area countries since the 2008 crisis is strongly driven by increases in exports that dampened the effect on production of the fall in demand and imports.
Pharmaceuticals are a hugely important industry for the EU and the UK. The sector creates thousands of jobs, billions of euros in exports, and is Europe’s most research-intense industry. But will Brexit mean for pharma? Border delays, disruption to R&D and regulatory divergence all pose hazards.
This brief reviews the main features of the recent globalization, attempts to explain its persistence over the centuries and why it is likely to persist in the indefinite the future, examines the causes and prospects of the new protectionism, and concludes by drawing policy implications.
The One Belt One Road initiative holds great promise for the global economy, but will need a huge amount of finance. Initial presumptions that China would be able to provide all the finance are now unrealistic. Other partners should consider providing finance for some aspects, especially Europe - which has a lot to gain from the project.
From the land border with Ireland to expats’ pension rights, there is much to negotiate.
After a decade of growth based on hydrocarbon booms, Central Asian countries are faced with increasing challenges to complete their transitions to a market economy and towards economic development and integration.
At this January's Davos meeting, Chinese President Xi Jinping announced to a surprised audience that China would be the world’s new champion of globalisation. Bruegel scholar Marek Dabrowski agrees that a functioning global trade system is in China's interest.
Comparing and evaluating financial assistance programmes of four euro-area countries (Greece, Ireland, Portugal, and Cyprus) and three non-euro-area countries (Hungary, Latvia, and Romania) of the European Union in the aftermath of the 2007/08 global financial and economic crisis. Asian countries can draw several lessons from European experiences.
President Trump has so far been softer on China than his campaign promises predicted. This is welcome. However, the EU has a lot at stake, and should be ready to steer a tactical course between its two main trade partners.
Curtain raiser speech ahead of the 2017 IMF Spring Meetings delivered at Bruegel by the Managing Director of the International Monetary Fund.
The authors of this Policy Contribution propose five ways in which EU policymakers can contribute to development in North Africa and build partnerships on trade, investment and migration.