Eu: Trade and Aid
Trade and aid policies of the EU
CONTENT
1 TRADE AND AID POLICIES WITH THIRD PARTIES 1
1.1 THE WTO 1
1.1.1 FREE TRADE AGREEMENTS 2
2 MAIN TRADING PARTNERS OF THE EU 3
2.1 USA 3
2.1.1 DEVELOPMENT OF TRANSATLANTIC CO-OPERATION 3
2.1.2 DISPUTES BETWEEN THE EU AND THE USA 4
2.2 CHINA AND ASIA 4
2.3 RUSSIA 5
3 TRADE POLICIES WITH CERTAIN GROUPS 7
3.1 WIDER EUROPE: THE EUROPEAN NEIGHBOURHOOD POLICY 7
3.2 THE MEDITERRANEAN REGION 8
3.3 EU-LATIN AMERICAN RELATIONS 9
4 AID FOR TRADE – EU AND THE DEVELOPING COUNTRIES 11
4.1 THE GENERALISED SYSTEM OF PREFERENCES 11
4.2 EU AND THE ACP COUNTRIES 12
4.2.1 ECONOMIC PARTNERSHIP AGREEMENTS 13 1 TRADE AND AID POLICIES WITH THIRD PARTIES
The EU has created a trade area of its own, but it has also been forced to develop a trade policy towards the rest of the world. Usually this entails agreement s with countries or groups of countries, and there are a lot of exceptions in these agreements. They don’t concentrate traditionally just on trade, and this has made critics question EUs responsibil-ity on other issues. Other issues might deal with for instance security.
Trade policies are linked to other areas such as Common Agricultural Policy and the Single Market. The EU can legislate on trade matters and conclude international trade agreements, not the member states. This is based on the Common Commercial Policy.
1.1 The WTO
As the largest trade partner in the world, the role of the EU in the World Trade Organiza-tion is a subject of interest. WTO and its predecessor GATT were major factors to the start of the integration process of Europe and also in shaping the trade policies of the EU. EU is a main actor in trade negotiations and trade disputes in WTO because of mere size of the organization. The union negotiates on behalf of all of its member countries.
WTO is mainly focused on negotiations, resolving differences, setting legal basis for trade and monitoring trade
CONTENT
1 TRADE AND AID POLICIES WITH THIRD PARTIES 1
1.1 THE WTO 1
1.1.1 FREE TRADE AGREEMENTS 2
2 MAIN TRADING PARTNERS OF THE EU 3
2.1 USA 3
2.1.1 DEVELOPMENT OF TRANSATLANTIC CO-OPERATION 3
2.1.2 DISPUTES BETWEEN THE EU AND THE USA 4
2.2 CHINA AND ASIA 4
2.3 RUSSIA 5
3 TRADE POLICIES WITH CERTAIN GROUPS 7
3.1 WIDER EUROPE: THE EUROPEAN NEIGHBOURHOOD POLICY 7
3.2 THE MEDITERRANEAN REGION 8
3.3 EU-LATIN AMERICAN RELATIONS 9
4 AID FOR TRADE – EU AND THE DEVELOPING COUNTRIES 11
4.1 THE GENERALISED SYSTEM OF PREFERENCES 11
4.2 EU AND THE ACP COUNTRIES 12
4.2.1 ECONOMIC PARTNERSHIP AGREEMENTS 13 1 TRADE AND AID POLICIES WITH THIRD PARTIES
The EU has created a trade area of its own, but it has also been forced to develop a trade policy towards the rest of the world. Usually this entails agreement s with countries or groups of countries, and there are a lot of exceptions in these agreements. They don’t concentrate traditionally just on trade, and this has made critics question EUs responsibil-ity on other issues. Other issues might deal with for instance security.
Trade policies are linked to other areas such as Common Agricultural Policy and the Single Market. The EU can legislate on trade matters and conclude international trade agreements, not the member states. This is based on the Common Commercial Policy.
1.1 The WTO
As the largest trade partner in the world, the role of the EU in the World Trade Organiza-tion is a subject of interest. WTO and its predecessor GATT were major factors to the start of the integration process of Europe and also in shaping the trade policies of the EU. EU is a main actor in trade negotiations and trade disputes in WTO because of mere size of the organization. The union negotiates on behalf of all of its member countries.
WTO is mainly focused on negotiations, resolving differences, setting legal basis for trade and monitoring trade
References: - New Transatlantic Agenda, 1995, followed with co-operation in four areas: o promoting peace, stability, democracy and development around the world - Transatlantic Business Dialogue, 1995, discussion forum for business people - Mutual Recognition Agreement, 1997, is a step forward in recognition of stand-ards and technical regulations - Transatlantic Economic Partnership, 1998, for improving economic relations - Bonn Declaration, 1999, a warning system for detecting problems threatening the relations - Positive Economic Agenda, 2002, for enhancing existing co-operation - Framework for Advancing Transatlantic Economic Integration between the USA and EU, 2007, created - Energy Dialogue, 2000, for discussing energy issues - Assistance through TACIS programme o The TACIS programme aims to promote the transition to a market econo-my and to reinforce democracy and the rule of law in the partner states in Eastern Europe and Central Asia - Final Declaration, 2003, defined areas of co-operation.