European Trade Policy - Essay Example

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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”. ...
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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). …
Author : donavonemard

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