Source: IPSARD
The latest figures from the European Union Statistics Agency (Eurostat) show that the Gross Domestic Product (GDP) fell by 0.6 percent across the eurozone and by zero. .4% across the European Union (EU) in the first quarter of 2021, officially falling into a recession for 2 consecutive quarters. Portugal’s economy shrank 3.3% in the first quarter of 2021, followed by Latvia’s 2.6% contraction and Germany, Europe’s largest economy, recorded a 1.7% contraction largely due to the impact of the coronavirus. measures to prevent the spread of COVID-19. However, a number of other countries also recorded optimistic signals, as Lithuania recorded an increase of 1.8% and Sweden increased 1.1%. Economists expect Europe to also see growth in the near term as the continent’s vaccination rollout is accelerated and lockdown measures are eased. Earlier, the leaders of the 27 EU member states agreed to set up a 750 billion euro ($888 billion) post-pandemic economic recovery fund to rebuild the EU’s hard-hit economies. affected by the COVID-19 crisis. Under the plan, this bailout package will include 500 billion euros ($564 billion) in aid and 250 billion euros ($282 billion) in loans to help member countries recover from the effects of the pandemic. caused by COVID-19.
The European Union (EU) proposes member states to relax restrictions on non-essential travel to prevent corona virus infection, as well as allow foreign tourists who have been vaccinated to visit. countries in the bloc. Under the plan, people who have received EU-approved vaccines can enter the bloc even for non-essential purposes. Accordingly, this plan will allow travel from countries with good disease prevention situations. Currently, people from countries with infection rates below 25 cases per 100,000 people can enter the EU without vaccination. The committee recommends relaxing this limit to less than 100 cases per 100,000 population. Currently, only people from seven countries, including Australia and South Korea, can enter the EU, whether vaccinated or not. The new plan aims to boost the bloc’s tourism industry during this year’s summer break, and is expected to get member states’ consensus before the end of May and introduce new travel rules by June. .
The European Union (EU) has just announced a new strategic plan with the aim of reducing dependence on foreign suppliers in a range of sectors. The EU leader said the new strategy will effectively guide the transformation of the EU’s economy, while ensuring the competitiveness of key sectors in the bloc. These industries include raw materials, batteries, active pharmaceutical ingredients, hydrogen, semiconductors as well as cloud and advanced technology. The new strategy also allows the EU’s antitrust body to investigate state-backed foreign companies seeking to acquire businesses in the bloc with annual revenues in excess of 500 million euros. Although the document did not specifically mention China, the plan was announced shortly after Brussels and Beijing repeatedly retaliated with sanctions, leading to a mutually beneficial bilateral relationship. downhill direction. In March, the EU sanctioned four Chinese officials for alleged human rights violations in Xinjiang, prompting Beijing to respond with sanctions on EU politicians, academics and research institutions.
Regarding the EU’s NTFP trade with Vietnam, in the 3 months of 2021, Vietnam exported $937.1 million to the EU, while importing $265.5 million, down 3.7% in exports but up 43, 1% of imports compared to the same period of 2020. In the first 3 months of 2021, in terms of agricultural products exported to the EU, coffee, vegetables, and cashew nut exports tend to decrease at a rate of -24.2. %, -4.1%, and -21.2% while rubber, tea, rice, wood and wood products, aquatic products, pepper, rattan and bamboo products and carpets, rubber products have The trend increased at 79.2%, 305.9 %, 0.2%, 18.4%, 0.8%, 7.6%, 33.2% and 90.5%.
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