The European Union Trade Policy 2011

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  • 1. The European UnionTrade Policy 2011
  • 2. Content1. Todays Context2. The EU in World Trade3. EU Trade Policy4. Multilateral Dimension5. Bilateral Agreements6. Unilateral Dimension 2
  • 3. Todays Context
  • 4. Context Globalisation Including fragmentation of value chains Emergence of new economic powerhouses China, India, Brazil Economic downturn Trade is part of the solution 4
  • 5. The EU in World Trade
  • 6. EU remains a trading power 16.8 % of world trade in 2010 Largest First importer exporter A MAJOR 17,3% (2010)16.2% (2010) TRADING POWER 2010 leader in foreign direct investment: EU-27 receives 218.7 bn in 2010 6
  • 7. The EU in world trade10 major EU export partners (2010) Rank. EU Exports to Mio euro % world 1 USA 242.175 18,0 2 China 113.106 8,4 3 Switzerland 105.435 7,8 4 Russia 86.577 6,4 5 Turkey 61.206 4,5 6 Japan 43.726 3,2 7 Norway 41.756 3,1 8 India 34.791 2,6 9 Brazil 31.301 2,3 10 South Korea 27.967 2,1 7
  • 8. The EU in world trade10 major EU import partners (2010) Rank. EU Imports from Mio euro % world 1 China 281.860 18,9 2 USA 169.310 11,4 3 Russia 154.899 10,4 4 Switzerland 84.126 5,6 5 Norway 78.997 5,3 6 Japan 64.832 4,3 7 Turkey 42.005 2,8 8 South Korea 38.597 2,6 9 India 32.987 2,2 10 Brazil 32.272 2,2 8
  • 9. The EU in world tradeShare of EU27 GDP in World GDP 9
  • 10. EU Trade Policy
  • 11. EU Trade policyBasic features Being the leading trade regionStrong interest in: Responsibility towards: Open markets EU citizens Clear regulatory Rest of the World frameworks Need to reinforce EU competitiveness on world markets 11
  • 12. EU Trade policyThree strands Dimensions of trade policy Multilateral Bilateral Unilateral 12
  • 13. EU Trade policyHow we negotiate Civil Society and Public Consultations The Commission negotiates On behalf of the 27 Member States Regular reporting to the Council and the EP The Council co-decides The EP co-decides Directives for negotiations EP co-decides on trade Follows the negotiation process legislations (except Council approve the results of the negotiating directives) negotiation (generally by qualified EP gives consent on majority) sometimes MS ratify as agreements well 13
  • 14. Trade Policy AgendaTrade, Growth and World Affairs Pursue active negotiating agenda Multilateral Trade Agreements (Doha Development Round) Bilateral Trade Agreements (Korea, ASEAN, India, Canada, Central America, Andean Community, Ukraine, Euromed, Mercusor, Gulf States, Libya, China) Deepen relations with strategic partners USA, China, Russia, Japan, India, Brazil Enforce EU rights, tackling barriers 14
  • 15. Multilateral DimensionDoha Development Agenda (DDA)
  • 16. The Doha Development RoundContext Launched in 2001 Broad coverage 2011 window of opportunity for the DDA?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? 16
  • 17. Reaching beyond the bordersTrade is no longer just about tariffs Standards Licensing practices Domestic taxesTrade is not just about trade Environment Labour Rights Human Rights 17
  • 18. Removing trade barriers for EU exporters Market Access Strategy Creating new opportunities for EU exporters Market Access Partnership - cooperation between the Commission, Member States and businesses local expertise make trade barriers easier to identify and address Market Access teams created Market Access Database (MADB) as an important tool to record barriers under examination in EU trading partners Export Helpdesk 18
  • 19. Bilateral Agreements
  • 20. Bilateral relations (FTAs) Context Globally more than 200 FTAs Covering more than 35% of global trade FTAs top up what can be done in WTO. Extended regionalism 20
  • 21. FTA partners and trade in goods
  • 22. Unilateral Dimension
  • 23. Unilateral dimension Generalised System of Preferences (GSP) Everything But Arms (EBA) GSP+ Trade Defence Instruments Anti-dumping Anti-subsidy Safeguard measures

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