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Friday, 15 September 2017

EU Commission: North Korea: Council reinforces EU sanctions in line with UN Security Council resolution 2371 of 5 Aug...

North Korea: Council reinforces EU sanctions in line with UN Security Council resolution 2371 of 5 August 2017

The Council further strengthened its restrictive measures against the Democratic People's Republic of Korea by transposing the sectoral sanctions imposed by UN Security Council resolution 2371 (2017). This resolution was adopted on 5 August 2017 in response to the Democratic People's Republic of Korea (DPRK)'s ongoing nuclear weapon and ballistic missile-development activities, in violation and flagrant disregard of previous UN Security Council resolutions.

The Council will swiftly transpose the additional sanctions included in the latest UN security Council resolution (2375 of 11 September 2017), which introduces further sanctions on the DPRK, including strengthening some of the measures introduced by UNSCR 2371, for instance on North Korean workers. This reflects the approach agreed at the informal meeting of EU foreign ministers in Tallinn on 7 September, which also emphasises the need to work for the implementation of all UN Security Council resolutions by all UN states.

The measures introduced by UNSC resolution 2371 (2017) target the DPRK's main exports, imposing a total ban on all exports of coal iron, iron ore, seafood, lead and lead ore. Additional sanctions target the DPRK's arms smuggling, joint ventures with foreign companies, banks and its ability to generate revenue and to access the international financial system. In addition, the EU members states will not allow any more North Korean nationals to work on their territories as they are suspected of generating revenue which is used to support the country's illegal nuclear and ballistic missile programmes. 

Member states will also prohibit the opening of new joint ventures and cooperative entities, as well as the expansion of existing joint ventures through additional investments with any entities and individuals from the DPRK. 

The Council had already transposed on 10 August the additional listings imposed by the UN Security Council resolution, adding 9 persons and 4 entities that support these illicit programs to the lists of those subject to an asset freeze and  travel restrictions. The total number of persons under restrictive measures against the DPRK is 62 persons and 50 entities as listed by the UN. In addition, 41 persons and 6 entities are designated by the EU autonomously. 

The EU is implementing all UN Security Council resolutions adopted in response to the DPRK's nuclear and nuclear weapons, other weapons of mass destruction and ballistic missile programmes. In addition, the EU has imposed autonomous restrictive measures against the DPRK, complementing and reinforcing the UN sanctions regime.

The legal acts will be published in the Official Journal of 15 September.

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EU-Japan trade negotiating directives made public

The Council decided on 14 September 2017 to publish the directives given to the Commission to negotiate a trade agreement with Japan. 

In 2012, the Council gave a mandate to the Commission to start trade negotiations with Japan. At the EU-Japan summit of 6 July 2017, both parties reached agreement in principle on the main elements of a free trade deal, known as the economic partnership agreement (EPA). Work is currently underway to address the remaining open issues and finalise the legal text, with a view to the signature, ratification and conclusion of the agreement. 

The EPA is a highly ambitious and comprehensive trade agreement. When fully implemented, 99% of the tariffs applied on EU exports to Japan, which currently amount to about €1 billion, will be removed. The agreement will create sizeable new opportunities for EU agricultural exports, while protecting high quality EU food and drink products and intellectual property rights on Japanese markets. It will also open up services markets and significantly increase EU companies' access to Japan's procurement bids. The EPA is based on the highest standards of labour, safety, environment and consumer protection. It is also the first trade agreement including a specific commitment to the Paris climate agreement.

The decision to make the negotiating directives public was taken by common accord: all Member States gave support to the publication.

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European Union steps up efforts to prevent violent extremism and counter-terrorism in the Middle East and North Africa

Commission - Press release European Brussels, 14 September 2017 The European Union adopted a programme under the Instrument contributing to Stability and Peace (IcSP) worth €17.5 million to address the terrorist threat in the Middle East and North Africa.

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Audit opinion on ESMA final accounts 2015

Thursday 14 September 2017 17:53

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Audit opinion on ESMA final accounts 2016

Thursday 14 September 2017 17:56

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