1 The European Union Trade Policy The European Union Trade Policy May 2009

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<ul><li><p>* The European Union Trade Policy May 2009</p></li><li><p>*AGENDATodays Context The EU in world tradeEU Trade Policy - Basic features- How it worksDoha Trade RoundBilateral agreementsTrade Policy Tools</p><p>Conclusion</p></li><li><p>*CONTEXTGlobalisation and economic downturnGlobal growth : 0.5% (IMF)Global trade to fall : 2.8% (IMF)EU GDP to fall -2.5%EU exports down 3.5% (Nov) / Japan 35%Collapse in trade financeTrade is part of the solution?G20 commitmentWTO monitoring</p></li><li><p>*EU remains a trading power19% of world trade in 2007, 17% (goods), 27% (services)First exporterSecond largest importer2007 leader in foreign direct investment: EU-27 provides 1100 bn (44%) and recieves 1100 bn (32%) in 2007. A MAJORTRADING POWER</p></li><li><p>*The EU in world trade 10 major EU export partners (2008)USARussiaSwitzerlandChinaTurkeyNorwayJapanUnited Arab EmiratesIndiaBrazil</p><p>19%8%8%6%4%3%3%2%2%2%</p></li><li><p>*The EU in world trade 10 major EU import partners (2008)ChinaUSARussiaNorwaySwitzerlandJapanTurkeyKoreaBrazilLibya</p><p>16%12%11%6%5%5%3%3%2%2%</p></li><li><p>*The EU in world trade 2007Share of (current) GDP in World GDP </p></li><li><p>*EU Trade policy - basic featuresBeing the leading trade regionStrong interest in: Open markets Clear regulatory frameworksResponsibility to: EU citizens Rest of the WorldNeed to reinforce EU competitiveness on world markets</p></li><li><p>*EU Trade policy three strands</p><p>3 DIMENSIONS</p></li><li><p>*EU Trade policy - How we negotiate</p></li><li><p>*TRADE POLICY AGENDA : GLOBAL EUROPE </p><p>Global Trade Talks (Doha Development Round)A new relationship with developing countries (particularly ACP)Bilateral Trade AgreementsKorea, ASEAN, India, Central America, Andean Community, Ukraine, Euromed, Mercusor, Gulf States, Libya, ChinaStrategic partners Russia, China, BrazilDefending European interests Promoting European values </p></li><li><p>*The Doha Development Round (DDA)Context Launched in 2001 Broad coverage goods, agriculture, trade rules, services but less than originally hoped (Singapore issues). Cancun 2003. Hong Kong 2005. Geneva 2006. Geneva 2008 (July).2009? Who negotiates?</p><p>The big questions Where are we today? Will this make a difference for development? Will this be a good deal? And will we get there in the end? </p></li><li><p>*Reaching beyond the bordersTrade is no longer just about tariffs</p><p>Trade is not just about trade</p><p>Environment (Copenhagen)Labour Rights (Belarus)Human Rights (Danish cartoons)Standards (Latin America)Licensing practices (China)Domestic taxes (India)TRADETRADE</p></li><li><p>*Removing trade barriers for EU exportersMarket Access StrategyContext</p><p>Creating a new opportunities for EU exportersMarket Access Partnership launched in 2007 as a cooperation between the Commission, member states and business local expertise make trade barriers easier to identify and adress.Market Access teams createdMarket Access Database (MADB) as an important tool to record barriers under examination in EU trading partners.</p><p>Any success stories?</p></li><li><p>*Bilateral relations (FTAs)ContextGlobally more than 200 FTAs (36% of global trade).FTAs top up what can be done in WTO.extended regionalism</p><p>The big questionsImpact on the WTO system?Spaghetti bowl effect?</p></li><li><p>*Who are we negotiating with? Economic Partnership (EPAs) with ACP </p></li><li><p>*</p><p>EU Trade policy standing up for European InterestsDefensive instruments to ensure fair trade and defend the interests of European companies... have been designed in line with specific WTO agreements recognising the right of members to counter unfair practices:SafeguardsAnti-dumpingAnti-subsidy Cutting edge of globalisation debate Green Paper Review exercise 2006-2007</p><p>*******</p></li></ul>