Explain How The EU Regulates Its Trade With The Third Countries Analysis

Explain how the EU regulates its trade with the third countries
Two main factors explain the reason why the EU needs a trade policy. The first factor concerns globalization; the world is shrinking and transforming the global situation. The second factor is simple due to EU role in the world. Furthermore, the Union is the largest economy and the biggest trade-partner in the world. It also takes the main role as an investor and as a collector of foreign direct investment. The unique Union single market with its free movement of people and capital, goods and services helps to create job opportunities by trading with foreign countries. The EU in itself maintains trade relations in the whole world and it would not be possible without integration, all EU members have little opportunity to affect world trade. All together countries as a union can have not only stable economic growth, but also political and international trade weight.
First of all, it is interest in open markets and clear regulation frameworks. Second, it is responsibilities toward EU citizens and rest of the world. Last one, the EU need to emphasize its competitiveness on world markets because of emergence of new economic powerhouses: China, India, and Brazil. The EU is trying to reach trade agreements beyond the borders there are two factors that changing over time period, trade is no longer just about tariffs because there different issues like trade standards, licensing practices, domestic taxes, and investment. Another issue is that trade rules have changed because now trade is not just all about trade EU cares about environment, human and labour rights (European Commission,