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EU adds services, intellectual property rights to trade retaliatory toolbox

By Joanna Sopinska ( October 29, 2020, 16:50 GMT | Insight) -- Countries breaking global or bilateral trading rules could face tougher EU retaliation after the bloc’s lawmakers and governments agreed to add services and some intellectual property rights to the list of potential targets. The European Commission has committed to draft a proposal next year for a “new instrument” to counter violations of trade law. The outcome of yesterday’s talks suggests that it could be approved and enter into force quickly.Countries breaking global or bilateral trading rules could face tougher EU retaliation after the bloc’s lawmakers and governments agreed to add services and some intellectual property rights to the list of potential targets....

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