European Trade Policy Essay Example | Topics and Well Written Essays - 2250 words

European Trade Policy - Essay Example Art. 113 lists a number of measures included in the CCP: tariff rates, conclusion of tariff and trade agreements, uniformity in measures of liberation, export policy and measures to protect trade. Art. 113 is not exclusive, just a list of examples. The EU has interpreted that the CCP "includes the same elements as the external trade policy of a state", meaning that the CCP may include trade regulation, as well as trade liberalization measures and defensive measures against unfair commercial practices. As examples of defensive measures we can mention Anti-dumping Regulation, Illicit Practices Regulation and Counterfeit Regulation. EU's Common Commercial Policy covers all the main measures affecting trade in goods and services and almost all trade-related issues, Trade-related areas partially covered by the common trade policy include: company law, indirect taxation, standards and other technical regulations, and enforcement of intellectual property rights. The Community policy on imports is determined in the following way: "imports into the Community are free from quantitative restrictions but only where more restrictive rules are not applicable". Restrictive rules apply for textiles and agricultural products. (Aarkog, 2005) B. In December 2005, the EU Commission announced that it would be phasing-out all export subsidies currentyl granted to exporters in the European Union. Critically discuss the likely implications for EU exports of the phasing-out of export subsidies. 60% World Trade Organization (WTO) members, which includes the European Union, are engaged in trade negotiations referred to as the Doha Development Agenda (DDA). The main aim of the negotiations is to minimize barriers to internal trade in agriculture, manufactured... On the basis of Article 133 of the European Community (EC) Treaty, the European Commission negotiates on behalf of the Member States in consultation with a special committee- the so-called "133 Committee". The 133 Committee is composed of representatives from the 25 Member States and the European Commission. Its main function is to coordinate the trade policy of the EU. The 133 Committee discusses the full range of trade policy issues affecting the EU, from the strategic issues surrounding the launch of rounds of trade negotiations at the WTO to specific difficulties with the export of individual products, such as textiles, and considers the trade aspects of wider EU policies in order to ensure consistency of policy. In this Committee, the European Commission secures endorsement of the Member States on all trade policy issues. The major formal decisions (for example agreement to launch or conclude negotiations) are then confirmed by the Council of the European Union. World Trade Organization (WTO) members, which includes the European Union, are engaged in trade negotiations referred to as the Doha Development Agenda (DDA). The main aim of the negotiations is to minimize barriers to internal trade in agriculture, manufactured products and services. One of the significant calls by the 2001 Doha declaration was the â€Å"reduction, in view to phase out, all forms of export subsidies†. This call was renewed again in 2004 during the negotiation for the â€Å"Framework for Establishing Modalities in Agriculture†.