THE CURRENT EU`S PREFERENCES ON TRADE AGREEMENTS

Ludmila Borta ()
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Ludmila Borta: Alexandru Ioan Cuza University of Iasi, Romania

A chapter in EURINT Proceedings 2013, 2013, vol. 1, pp 550-563 from Centre for European Studies, Alexandru Ioan Cuza University

Abstract: The European Union is considered to be the biggest actor in the world economy, because it covers a significant percentage, approximately 20%, of global exports and imports. Thus, knowledge of the provisions of the EU’s common commercial policy is an acute need and a topical issue not only for the Member States of the Union, but also for a rest of the world. Relating at the dimensions of the common commercial policy (especially multilateral and bilateral/regional), the aim of this paper is to present the position of the European Union towards the trade agreements in the present time, mainly after the current economic and financial crisis. As an important actor in the World Trade Organization, the EU must to follow the rules that are settled within multilateral WTO rounds. The main objective of this organization is to establish standards to promote the trade liberalisation. Reviewing the literature in the last few years, we found that the common commercial policy of EU became more protectionist. Thus, the European Union tries to change its free trade`s policies. After the current economic crisis the Union has turned its attention to conclude more bilateral and regional agreements with countries and regional areas of the world.

Keywords: EU`s common commercial policy; trading power; current crisis; GATT/WTO; Free Trade Agreements (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:jes:euri13:550-563

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