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The trade portfolio is losing ground to the European Commission. Latvian Valdis Dombrovsky, the current vice president of the executive, takes over permanent responsibility for the trade, replacing the resigned (Irish) Philip Hogan.

Dombrovsky is in charge of the Eurogroup with Commissioner Paulo Gentiloni, while Myrade McGuinness is the new European Commissioner for Ireland, responsible for financial services and financial stability. Following the morning rumors, European Commission President Ursula von Der Lane made the formal announcement, forcing Hogan to reorganize the college after he stepped down. Myrade McGuinness, who has been MEP since 2004, is currently the Vice President of the European Parliament.

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Dombrovsky’s choice for a “trade war” with the US and China

Dombrovsky’s appointment retains the position of Commerce Commissioner in the middle-right family of European popularization, the same group that Hogan comes from. The theory of being able to ensure unity in the face of a dense agenda involves the selection of a prominent figure in the Von der Lane executive.

Dombrovsky will have to negotiate on behalf of the European Union over the escalation of the tariff war with the US, differences with Washington over the establishment of a digital tax, relations with London after Brexit, agreements with China and resistance to its intervention. Reform of the World Trade Organization without forgetting the review of trade policies in line with the Kovid-19 crisis.

I thank President von der Lane for entrusting me with this responsibility. Global trade is in turmoil and I can not wait to work on such important issues, ”Dombrovsky said. “I still believe in the WTO’s reform, which is important for resolving trade disputes and we need it,” he said. He continued with China, “It would be great if we could end the investment agreement this year, but it should be desirable and able to deal with the imbalances we are experiencing.”