EU has entered into partnership agreements with states that were part and parcel of the erstwhile Soviet Union like Moldova, Georgia and the Ukraine. The foundation of EU’s competitiveness is relying on a fair and an open international trading…
prolonging to engage in WTO negotiations to attain an inspirational formula for dismantling of tariff structures, which are footed on its suggestion of a simple Swiss formula together with flexibilities that would fit into applied tariff.
Further, EU will also examine further trade liberalisation mainly through sectoral approaches, which include goods of specific interest to developing nations and for chief EU precedence sectors, especially footwear, clothing and textiles, leather thereby directing to an intersection of market access norms among WTO members around the minimum potential stages of protection and dealing efficiently with non-tariff barriers.
The truth is that EU converses with a “single voice” in trade which has facilitated it to impact the distributional results of international trade dialogues and to outline the global political economy. EU has made substantial efforts in liberalising the sway on trading of services on an international basis and has vigorously added to the development of global norms within the structure of WTO intended to stop unilateralism.
As per Featherstone and Ginsberg, (1996) one of the most pivotal provinces that had been addressed by Europe’s common foreign policy is the traditional mutual relations by European member states with the USA which has added a European-US component connoting that relations with the US has mostly acknowledged by this transformation on the European side. Moreover, the European-US joint policies have more thoroughly synchronised and there have been many instances of mutual “backing.” (Tonra & Christiansen 2004:11).
Further the association of EU with the Soviet Union and erstwhile Eastern Europe has been systematically reassessed and redesigned. Though the policies involving Eastern and Central Europe and the Soviet Union which were initiated in 1980s were conflicting during the initial years but after the Copenhagen Summit in June 1993, they were changed into a standpoint on EU’s ...
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This constant tectonic shifting of the world economies has led to a variance in the global markets as the world has gone through varying economic climates as witnessed by the great depression and the subsequent rebuilding of the affected economies. This is made worse by the fact that the world is now and forever will be an economic village whereby the different world economies are interconnected.
Therefore, the management and the stakeholder of the European Union must come up with measures to maneuver through the very competitive environment of economic empowerments. Due to the rapid growth in developments of the European Union global competitors in science and technology must at least put the European Union organization team in the form to get and innovate ways through which they will try to improve on their skills so that they can fairly compete with the competitors before they get hold of them.
In this regard, the discussion of this policy paper will be focused on critically analysing the policy position and its rationale towards the fiercely competitive economic performance of both EU and China. Finally, the policy paper will emphasise upon relevant recommendations which can mitigate the potential threats of Chinese economic emergence for the EU.
For instance, countries have budgets to, which require expansive engagement with other countries to achieve reasonable growth and prosperity. Countries also have security demands, which they can only address when cooperating with others. In addition, countries have populations that always demand jobs to generate income for sustenance over particular period.
However, this region has recently lost significant market share to emerging economies such as Brazil, Russia, China and India (Amiti & Freund 2010, 1). China, in particular, has gained significant influence and has emerged as the greatest challenge to EU’s economic competitiveness in the global arena.
The escalating international interconnectedness has generated novel opportunities, as well as threats for EU economy. For instance, the elimination of trade barriers, investment, as well as monetary flows has allowed EU to amplify its competition, although it has given rise to novel opportunities for EU businesses.
"It maintains common policies on trade, agriculture, fisheries, and regional development" (Wikimedia Foundation, Inc.).
EU has pursued the enlargement policy with an ever-deeper integration while taking in new members. The "growing member ship" is part of the development of European integration (European Commission).
According to the report based on the research and available data, the paper evaluates effectiveness and efficiency of the UN and EU for maintaining collective security and stability on a global level and raises the question over the effectiveness of the UN’s peacekeeping programs and EU’s foreign policies.
The European Union policies and the workplace legislations ensure the provision of equal access to employment, fair and equal treatment of workers at the workplace such as during giving of training offers and
7 Pages(1750 words)Essay
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