European Parliament Passes Law to Restrict Cash Payments to €10,000
The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
Countries including Australia have asked for trade compensation from the UK and the EU over Brexit disruption, BBC reported.
During negotiations at the World Trade Organization in Geneva, Australia said its exports of beef and lamb had already suffered because of the uncertainty surrounding Brexit.
Australia's claims that its farmers are already suffering losses and that it is likely to continue, have been backed up by 14 other countries, including the United States, India, New Zealand, China and Canada. Australia has already formally submitted a compensation proposal to Geneva.
The EU restricts the volume of agricultural products from the rest of the world that can enter a trading block without imposing full tariffs. Some of the goods may come from non-EU countries, depending on the quotas of the union, The World Trade Organization made commitments, which allow lower duties. This makes exports to the affected countries economically viable.
However, the departure of the United Kingdom from the EU complicates the allocation of quotas and a number of other complications. Australia claims that its annual exports of meat to the UK and the EU, amounting to 284 million pounds, could be seriously affected, and that it has even suffered losses by Brexit postponements.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
French President Emmanuel Macron issued a stark warning to Europe, urging the continent to confront the challenges of a rapidly changing world
In a recent statement, Russian Deputy Foreign Minister Sergei Ryabkov issued a stern warning to Poland, asserting that any permanent deployment of NATO nuclear weapons on Polish soil would render the country a military target for Russia.
Reports confirm that Ukraine has deployed long-range ballistic missiles provided by the United States in secret, targeting Russian forces in occupied territories
President Volodymyr Zelensky of Ukraine has pledged to take all necessary measures to compensate for the six-month delay in receiving a new 61 billion dollars US aid package
Russia has declared its intention to repatriate 48 deported Ukrainian children to their families, according to Maria Lvova-Belova, the Russian Commissioner for Children's Rights
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022