Trade blocs

EU Suspends Trade Preferences for Bosnia

Bosnian farmers will now have to pay tarrifs if they want to export their produce to the EU market after January 1, after Brussels suspended a trade liberalisation deal.

"The European Parliament decided ... to suspend the trade preferences granted unilaterally by the EU to Bosnia and Herzegovina," Zora Stanic, the spokesperson of the EU delegation in Sarajevo, told BIRN on Tuesday.

Turkey Gets EUR 3 B, Visa Waiver to Deter EU-Bound Migrants

Turkey is to get some EUR 3 B in funding, visa liberalization with the EU, and the prospect of having membership talks renewed, EU and Turkish leaders have decided at a Sunday summit.

In return, Ankara will have to stem the flow of migrants trying to cross from its borders into neighboring Southeastern European countries.

United States, 11 Pacific Rim countries reach landmark trade deal

The United States and 11 other Pacific Rim countries have agreed to an ambitious trade pact that cuts trade barriers, sets labor and environmental standards and protects multinational corporations' intellectual property.

The agreement on the Trans Pacific Partnership was reached on Oct. 5 after marathon negotiating sessions in Atlanta through the weekend.

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