EU Ambassador O'Sullivan on Trade Deals, U.S.-China Spat, Brexit

The transcript discusses the European Union's trade strategies amidst global challenges, including internal EU issues and rising protectionism. It highlights the EU's significant trade agreements with countries like Japan and Canada, and its openness to further liberalize trade. The impact of US-China trade tensions on the EU is explored, emphasizing the need for WTO reform. The potential reintroduction of US auto tariffs and its implications for EU-US relations are examined. The EU's strategic pivot towards Asia for future growth is discussed, along with the ongoing Brexit negotiations and the possibility of extending Article 50.

What major trade agreement did the EU recently conclude, constituting nearly one-third of GDP?

• With South Korea

• With Japan

• With Vietnam

• With Australia

Which two countries are involved in trade negotiations that the EU is closely watching?

• China and Japan

• US and Canada

• US and China

• EU and India

What is the EU's stance on WTO rules?

• They believe the rules are sufficient

• They think the rules need an upgrade

• They are indifferent to WTO rules

• They want to abolish the WTO

What could be the consequence if the US imposes new auto tariffs on the EU?

• It would only affect the EU

• It would have no impact

• It would strengthen the US-EU trade relationship

• It could breach previous agreements and harm both economies

What is the EU's approach towards trade with Asia?

• They are only interested in trade with the US

• They are focusing solely on Europe

• They are not interested in Asia

• They are actively opening more doors in Asia

What is the EU's perspective on a no-deal Brexit?

• It would be beneficial for the UK

• It would only affect the UK

• It would be detrimental for both the UK and the EU

• It would have no impact

Which countries is the EU currently negotiating free trade deals with?

• Brazil and Argentina

• Australia and New Zealand

• South Africa and Nigeria

• Russia and Ukraine