EU Trade Determinations

The EU has tough data protection standards and is ensuring that everyone in the bloc upholds those standards. This is a victory for those who have feared that privacy could be undermined with information. The EU has approved of new language that they expect everyone to incorporate into future trade pacts to create a priority of privacy at the expense of free trade. This is intended to make it clear that the EU’s right to personal privacy won’t dissipate during trade negotiations with non-EU countries.

Pact Between Japan and Three Former Soviet Republics

Japan’s prime minister Shinzo Abe said on Saturday that he has entered into an agreement with Estonia, Latvia and Lithuania. This agreement is intended to boost the economic and political ties with the three former Soviet republics. Japan sees the most trade potential with information technology, transportation and medicine.

Abe has been on a six-nation European tour that started in Estonia on Friday, then moved to Latvia and will include Lithuania, Bulgaria, Serbia and Romania. Read the whole story for more details.

Blacklist of 17 Countries Serving as Tax Havens

The EU has recently released a blacklist of 17 countries that they say are tax havens. This comes after a ten month investigation where they identified places that are not doing enough, the EU says, to crack down on offshore avoidance plans. The 17 places include: American Samoa, Bahrain, Barbados, Grenada, Guam, South Korea, Macau, Marshall Islands, Mongolia, Namibia, Palau, Panama, Saint Lucia, Samoa, Trinidad and Tobago, Tunisia and the United Arab Emirates.

The list actually excludes some key places that were on a previous list from June 2015. These include British Overseas Territories like the Cayman Island and Bermuda. They were taken off the list this time.

The most recent list was drafted by the European Council’s Code of Conduct (COC). Learn more about these issues.

Eastern European News

Pact Between Japan and Three Former Soviet Republics

Japan’s prime minister Shinzo Abe said on Saturday that he has entered into an agreement with Estonia, Latvia and Lithuania. This agreement is intended to boost the economic and political ties with the three former Soviet republics. Japan sees the most trade potential with information technology, transportation and medicine.

Abe has been on a six-nation European tour that started in Estonia on Friday, then moved to Latvia and will include Lithuania, Bulgaria, Serbia and Romania. Read the whole story for more details.

Should Ireland Make an Exit Soon Too?

This article is worth reading, as it argues that Ireland should exit, as England has done. As the author states, “Behind the charade of a “unified stance” on Brexit is a deeply divided EU with competing national agendas which have been whipped into a facile unanimity. The pressure not to break ranks is huge. In his acclaimed book Adults in the Room: My Battle With Europe’s Deep Establishment, former Greek minister for finance Yanis Varoufakis documents the devastating reality of such pressures.”

Read the entire piece to learn more.