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EU Trade and Development Policies

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EU Trade and Development Policies
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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 12. Conclusions………………………………………………………………………………23 13. Bibliography……………………………………………………………………………..24

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1. The Common Commercial Policy

The relationship between trade and development is a complex one. While trade is not a guaranteed route to economic growth for developing countries, evidence suggests that trade and openness to the global economy play an important role in creating jobs and prosperity in developing countries. Making trade work for development means weighing the needs of every developing economy carefully, and tailoring policies that reflect different vulnerabilities - and different potential strengths. There is no single model for trade and development. Through its trade policy the EU aims to ensure that developing countries are able to benefit from access to its own markets and from the openness of the global economy. It sees progressive openness to trade as one part of a development strategy that has already lifted hundreds of millions of people in the developing world out of poverty, and can do the same for hundreds of millions more1. Common Commercial Policy (CCP) represents one of the most important and dynamic areas of the European Union’s foreign relations. Since its deployment in 1957, the aim of the



Bibliography: Books: Blonigen, B.; Prusa, T.J., Antidumping, in the book edited by Choi, E.K.,; Harrigan, J., Handbook of International Trade, Blackwell Publishers, Oxford, U.K. and Cambridge, MA, 2003; Cremona, M., The External Dimension of the Internal Market, part of the series The Law of the Single European Market, Hart Publishing House, 2002; Nello, Susan Senior, European Union: economics, policies and history, London, McGraw-Hill, 2005; Pelkman, J.; European integration: methods and economic analysis, 3rd edition, Harlow, Financial Times/Prentice-Hall, 2006; Publications: European Neighborhood: a statistical overview, Eurostat Statistical Books, 2009 edition; The European Union and Russia: Statistical comparison, Eurostat Statistical Books, 2007 edition; Websites: http://ec.europa.eu/trade/wider-agenda/development/, website consulted on May 23rd 2011; http://tariffdata.wto.org/ReportersAndProducts.aspx, website accessed on May 25th 2011; http://trade.ec.europa.eu/doclib/docs/2009/october/tradoc_145263.pdf, webpage accessed on May 25th 2011; http://stat.wto.org/StatisticalProgram/WSDBViewData.aspx?Language=E, accessed on May 26th 2011; http://epp.eurostat.ec.europa.eu/tgm/table.do?tab=table&plugin=1&language=en&pcode =tet00037, website accessed on May 26th 2011; http://epp.eurostat.ec.europa.eu/tgm/refreshTableAction.do?tab=table&plugin=1&pcode= tet00037&language=en, webpage accessed on May 26th 2011; website 24 http://ec.europa.eu/trade/creating-opportunities/bilateralrelations/regions/euromed/index_en.htm, website accessed on May 26th, 2011; http://ec.europa.eu/trade/creating-opportunities/bilateralrelations/regions/euromed/index_en.htm, website accessed on May 26th 2011; http://europedia.moussis.eu/books/Book_2/7/25/06/index.tkl?term=&s=1&e=10&pos=36 0&all=1, website accessed on May 26th 2011; http://www.eeas.europa.eu/us/index_en.htm, webpage accessed on May 26th 2011; http://eeas.europa.eu/la/index_en.htm, webpage accessed on May 26th 2011; 25

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