Outcome of the European Elections, 6 – 9 June 2024
The 2024 European Parliamentary Election saw EU citizens looking towards the right, a complete opposite of the previous EP election. While the center blocs retains its majority, left leaning parties such as the Greens/EFA and Renew Europe taking significant loses.
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Update: European Parliament and Council approve the Corporate Sustainability Due Diligence Directive (CSDDD)
The CSDDD has crossed the final hurdles to enter into force, after facing several setbacks earlier in the year.
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EU proposes new tariffs on EVs from China after investigation, sparking possible trade spat with China.
Trade tension with China escalates following the proposal of preliminary tariffs on electric vehicles (EVs) and EV parts manufactured in China.
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Reminder: EU importers will need to report 2023 imports by 31 July under the EU’s CBAM
ASEAN exporters to the EU are reminded of the upcoming deadline of 31 July, to work with their importers on the reporting of emissions under the EU’s carbon border adjustment mechanism (CBAM).
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