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