EU Trade and Development Policies

7100 Words29 Pages
EU Trade and Development Policies

Table of contents

1. The Common Commercial Policy………………………………………………………...3 2. Instruments of the Common Commercial Policy…………………………………………5 3. The Dimensions of the Common Commercial Policy…………………………………….8 4. The European Neighborhood Policy……………………………………………………..13 5. The Union for the Mediterranean………………………………………………………..15 6. The European Union and Russia…………………………………………………………17 7. European Union’s Relations with Other Soviet Republics……………………………..19 8. The European Union and Asia…………………………………………………………..19 9. The European Union’s Relations with Australia and New Zealand……………………21 10. The European Union and USA…………………………………………………………..22 11. The European Union and Latin America………………………………………………..23
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Due to the fact that the internal integration of good trade was accomplished with the creation of the customs union, the Common Commercial Policy was used in order to formulate general rules concerning all aspects of external good trade. In order to avoid the distortion of internal trade or competiveness conditions, it has become imperative that the CCP extended to all directives concerning trading of good with other states, like border evaluation and customs duties, and these needed to be interpreted in such a way that the intra-EU commerce would not be disturbed. Needless to say, the European Union represents all its member states within GATT and has been singing important commercial bilateral agreements with other states. Once the World Trade Organization was created in 1995, the rules of international trade changed significantly, and therefore, the CCP had to change as well. WTO has brought about a far more rigorous institutional framework for international good trade and has set international rules concerning services and intellectual property right. Thus, the General Agreement on Trade in Services (GATS) and Trade Related Aspects of Intellectual Property Rights (TRIPS) became one with GATT and all the WTO members were required to subscribe to all three of them. The Lisbon Treaty signed in December 2007
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