The Transatlantic Trade Investment Programme

Accounting for 20 percent of global imports and exports, the European Union (EU) is the world’s biggest trader. This should not come as a surprise because free trade among its members is one of the founding principles of the EU. With trade policy being in the exclusive jurisdiction of the EU, this creates new market opportunities for European exporters, workers and investors. The creation of this global market also creates the need for the EU to protect the interest of its 28 members from serious injury by resolving trade issues that go far beyond tariffs.

As the world already knows, ‘Single Market’ is greatly known for European Union’s biggest achievement and

The EU is widely regarded as a trade power in the current international arena. The trade policy has been a core component of the EU’s growth strategies to enhance international competitiveness by internal development, resulted from the widened and deepened regional integration (Young, 2011: 719). Assimilating neo-liberalist idea to the trade policy has promoted liberalising goods and service trades and contributed to enhancement of competitiveness in the global markets; the EU achieved the largest market in the world in 2005 (Dee and Mortensen, 2014: 3; Young, 2011: 721). Moreover, in international trade, GATT/WTO has promoted multilateral negotiations. Until Uruguay Round, the main discussion was tariff reduction in industrial goods; however, once Uruguay Round approached wider range of issues, legislation of multilateral trade rules has been more important for the WTO members and other actors (Young, 2011: 716). Under this condition, the EU has promoted its competitiveness in the global market with internal development resulted from its territorial enlargement and the institutional system reforms; the EU has adjusted the trade policy against external actors in response to a changing world (ibid: 719). This paper examines how the EU’s external trade policy has changed.

In this report I will discuss why and how the Single European Market was set up, its failures and successes how it works and its recent changes. Today, The Single European Market (SEM) otherwise known as the (Internal Market) grants people and businesses with the privilege to trade and move openly across borders within the EU. This has had a huge impact on the world we live in today it altered the way European live, travel and work also to study and do business. The concept of setting up a European single market is to bring unity to the EU; this encounters money, goods, people, and services to collaborate freely to arouse competition and trade.

The European economy, better known as the European Union, is certainly one of the world’s powerhouse economies, with its gross domestic product measuring at a total of 16.27 trillion in U.S. dollars in 2015 (CIA, n. pag.). This powerhouse economy still makes up about 20 percent of the world’s exports and imports, but Europe’s trading industry is not the only thing that makes the European economy special. The European Union does not include every European country, but it is made up of a great total of twenty-eight countries such as Great Britain, Italy, Romania, etc. (“The EU in brief” n. pag.). In this paper, I will be discussing the state of the European Union and its current policies. Countries outside of the European Union will also be deliberated. Finally, I will be comparing those policies to that of the United States.

On the 23rd of June 2016, the United Kingdom voted to leave the European Union (EU); an event now commonly dubbed “Brexit”. This decision means that the UK will be the first country to leave the common market that is the EU, where a common market is defined as a “group formed by countries within a geographical area to promote duty free trade and free movement of labour and capital among its members” (What is common market? Definition and meaning, 2017). Trade deals with other countries are organised by the EU on behalf of its member states, as well as the rules and regulations governing business activity within the common market. As a result, leaving the EU is likely to result in huge implications for small to medium sized

The current international system is characterized by growth in globalization hence regional integration is becoming a common phenomenon in most parts of the world. As a result of states becoming more interconnected, most of them have opted for regional integration so as to enhance trade between states thus boosting economies of the states as well as the regions as a whole. Besides free trade, regional integration has seen to it the elimination of trade barriers, free movement of goods and people across borders, regional co-operation in issues to do with peace and security within the regions among various other benefits of regional integration. One of the regions that has grown as a result of regional integration is the European Union (EU), which is an economic and political partnership composed of 28 European countries. This paper will focus on the EU and give a theoretical analysis of the Brexit while giving lessons of integration and liberalization based on the Brexit.

The European Commission aims to maximise the potential of the internal market by eliminating physical, technical and tax barriers to boost growth and employment.

The European Commission published a 10-fact list regarding the importance of international trade and the numerous benefits it brings to the countries involved. The EC pointed out that international trade partners countries in a positive way creating a sense of unity. Trade also promotes innovation of new products to bring to the market as well as more competitive pricing as well as foreign direct investment. One of the most important facts that EC points out in their article is the benefit of open trade to countries. Open trade provides wider business opportunities for local companies by providing access to new and larger markets. Lowering trade barriers makes it

When Poland joined the European Union legislation, it has led to wide-ranging reforms in economic regulation and has decreased government intervention in the private sector. Changes in areas such as financial markets, company and competition law, accounting, and intellectual property rights have improved the environment for private business and increased economic growth. The European Union trade policy and regulation sets the direction for trade and investment in and out of the European Union. There are four key trade policies that the EU is working towards. Firstly, to create a global system for fair and open trade. The World Trade Organization shapes a system of global trade rules that keeps the global economy open for trade as well as

The 28-member European Union is the largest single market in the world trading power. Its economic policy seeks to enhance and sustain growth among member states, through investments in the transport, research and energy sectors. The union`s policy decision making structure is headed by the European Parliament, which acts as the legislature in collaboration with the union council. The parliament and the council review all the proposals made brought forth by the union`s Commission, from which they make amendments. Before the Commission proposes new initiatives such as how to counter

I have been asked to conduct a report for a seminar on the single market for businesses. I will be explaining the set-up of the Single European Market since the Single European act, the progress it has made, its successes, failures, recent changes and prospects for the future.

The purpose of the paper is to make an outline and have an insight of the intra trade among the EU’s members. In this paper, first we will study how the EU’s trade structure became what it is today. Second, we will make a brief comparison between EU’s industry and the American’s industry, to show EU’s success on the intra trade among its members.

Business can sell their products and offer services all over the Europe. This allows companies to have access to the market that is almost 50 times bigger than individual nation’s market

At the other end of the scale, we have free trade, a system which favours the exchange of goods and Nowadays, this is the predominant system in Europe, promoted by the EU both in the World Trade Organisation (WTO) context and bilaterally with certain regions. There are three basic approaches to international trade liberalisation. In the first place, we have the international approach, whose purpose is a multilateral reduction in trade restrictions. The organizational framework in which these negotiations are conducted is the WTO, which superseded the General Agreement on Tariffs and Trade (GATT), created after World War II to boost economic recovery (Kreinin, M., 2016).