European Trade Policy

Masters
Essay
Miscellaneous
Pages 10 (2510 words)
Download 0
The European Union trade is based upon a 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). EU defines Customs Union as an agreement among its members for free trade with each other and employment of a single common external tariff and trade policy towards third countries…

Introduction


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.
It is said that the objective of the EU's Common Commercial Policy is to contribute, in the common interest, to the harmonious development of world trade, the progressive abolition of restrictions on international trade, and the lowering of customs barriers. ...
Download paper
Not exactly what you need?

Related papers

Is European foreign policy workable
Other civilizations were characterized as having achieved the phase of development which Europe itself had already passed - for instance, hunting-gathering; farming; early civilization; feudalism; contemporary liberal-capitalism. Europe was the only part of the world which had reached the last phase. Hence, Europe was always believed to be responsible for technological, cultural and scientific…
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.…
Intenational Trade Policy
Trade is the driving force for the economic development of theses countries.…
Saudi Arabia's Trade Policy.
Saudi Arabia has embarked upon ambitious industrialization schemes, but, apart from possessing a few large modern plants in aluminum, steel and petrochemicals, their industrial structures are essentially simple. They are dominated by food processing and the production of an array of construction materials, though a wide variety of light industry is being promoted both by local demand and…
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…
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…
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.…