Common Trade Policy Trans-Atlantic Relations of the EU.

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Presentation transcript:

Common Trade Policy Trans-Atlantic Relations of the EU

History l GATT 1947 l Treaty of Rome 1957 l WTO EC representation, CTP (Preferencies)

Stucture of the lecture: l EU15 and EU25 in trade statistics l History of CTradeP and relations l International trade policy instruments l EC Prafential pyramid l TAR

EU25 major import partners: 1. China 12.3% 2. Russia 7.8% 3. Japan 7.2% 4. USA 15.3% 5. Switzerland 6.0% 6. Norway 5.4% 7. Turkey 3.0% 8. Korea 2.9% 9. Taiwan 2.3% 10. Brazil 2.1%

EU25 m ajor export partners: 1. USA ………24.3% 2. Switzerland…7.8% 3. China ……….5.0% 4. Russia……….4.7% 5. Japan……..…3.9% 6. Turkey…….…3.9% 7. Norway………3.2% 8. Canada…..….2.3% 9. Australia……..2.1% 10. Hong Kong….2.0%

EU25 major trade partners 1. USA 2. China 3. Switzerland 4. Russia 5. Japan 6. Norway 7. Turkey 8. Korea 9. Canada 10. Taiwan 11. Brazil 12. India 13. Singapore 14. Romania 15. South Africa 16. Hong Kong

CTP relations n 2nd pillar : l WEU (Brussel 1948) l Common Foreign and Security Policy l Shengen Accord (1985 5, 1990 all exc. UK,Irl) 97 incorp. to Amst. Treaty, Ac.Com. (…… moved to I. Pillar)

CTP relations l Competition policy l CAP l Industrial policy l Development policy l Commercial diplomacy l Ec. int. with non-members

Instruments l Tariffs l Preferential tariffs l Quotas l Voluntary export restraint l Anti-dumping duties l Price undertakings (instead AD duties) l Regulatory barriers (technical) l Export subsidies (agr. only) l Domestic subsidies (EC, WTO rules) l Licences (only national level)

EC Pyramid of preferencies MS EEA LOME: APC ASSOCIATED C. Bilateral agreements MFN under GATT,WTO GSP under UNCTAD

Trans – Atlantic Relations l Historical development = Co-operation and Rivalry T-A Declaration on EC-US Relations (Nov 1990) – new institutional frame: regular meetings 1995 New Transatlantic Agenda + Joint EU-US Action Plan

TAR Joint EU-US Action Plan: l Peace, stability and democracy round the World l Response to global challenges l World trade l Building Cross-Atlantic bridges for companies, education, science, culture..

USA position in the world

EU25-USA trade

Structure of EU25 export to USA

Structure of EU25 import from the USA

EU15-USA trade in services

EU25 FDI with USA