Got a tricky question? Receive an answer from students like you! Try us!

European Trade Policy - Essay Example

Only on StudentShare
Masters
Author : donavonemard
Essay
Marketing
Pages 9 (2259 words)

Summary

The essay dwells upon the European Union trade which is based on the Customs Union as set upon by Article 9 of the Treaty of Rome. In this framework, the community employs a Common Customs Tariff (CCT) and a Common Commercial Policy (CCP). …

Extract of sample
European Trade Policy

On the basis of Article 133 of the European Community (EC) Treaty, the European Commission negotiates on behalf of the Member States in consultation with a special committee- the so-called "133 Committee". The 133 Committee is composed of representatives from the 25 Member States and the European Commission. Its main function is to coordinate the trade policy of the EU. The 133 Committee discusses the full range of trade policy issues affecting the EU, from the strategic issues surrounding the launch of rounds of trade negotiations at the WTO to specific difficulties with the export of individual products, such as textiles, and considers the trade aspects of wider EU policies in order to ensure consistency of policy. In this Committee, the European Commission secures endorsement of the Member States on all trade policy issues. The major formal decisions (for example agreement to launch or conclude negotiations) are then confirmed by the Council of the European Union.
World Trade Organization (WTO) members, which includes the European Union, are engaged in trade negotiations referred to as the Doha Development Agenda (DDA). The main aim of the negotiations is to minimize barriers to internal trade in agriculture, manufactured products and services. One of the significant calls by the 2001 Doha declaration was the “reduction, in view to phase out, all forms of export subsidies”. This call was renewed again in 2004 during the negotiation for the “Framework for Establishing Modalities in Agriculture”.
...
Download paper
Not exactly what you need?

Related Essays

Banana Trade
The global banana trade is largely monopolized by three American and one British company and this, in itself, incited both policy and retaliatory policy. Indeed, as the report shows, trade policy is often influenced and shaped by a myriad of complicated factors and not necessarily by domestic economic interests.…
9 pages (2259 words)
European Union Trade
Established by Article 113 [133] of the Treaty of Rome, Common Commercial Policies therefore took shape in 1961 to safeguard the common interests of the EU nations (Bretherton & Vogler, 1999). This effectively meant that the EU region will act as one country while dealing with any other country/ organisation for trade and commercial interests. But the commonness envisaged within the policy kept eluding the European community for many years, because of the changes that the world went through during the period and the conflicts of economic interests within the EU nations. The delay in settling…
8 pages (2008 words)
European Community Trade Law
The Single Market envisaged by these principles has the product liability regime for defective products. An affected Member State should notify the Commission about the Member State which violates the directive for free movement of goods in the Single Market, as per decision 3052/95/EC 2 Following are articles of the treaty that the case on hand attracts.…
20 pages (5020 words)
European trade
mber states (Austria, Belgium, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom)’. In the near future more states are going to be added to the above list. The decision on the requirements related with the entrance of a new country in the Union is taken within the Union in a relevant meeting of the representatives of the member states. It is this ‘body’ that also decides for the policies followed in all…
8 pages (2008 words)
European Trade
EU adopted this policy as a commitment to the society.…
8 pages (2008 words)