Comparing International Trade Policies: The EU, United States, EFTA and Japanese PTA Strategies
Given the central role now played by Preferential Trade Agreements (PTA) this papers assesses the substance of EU preferential trade agreements compared to those of the United States, EFTA and Japan. The topic is important because of the growth of PTAs - with 379, mostly bilateral agreements, now in force compared with just 30 in 1990 - but also because PTAs are destined to remain at centre stage.
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Since the implementation of the Lisbon Treaty, the EP has a decisive role to play in the definition of the Union's trade policy, covering matters of international trade in goods, services and commercial aspects of intellectual property, and Foreign Direct Investment. Now, trade legislation and international trade agreements can only be implemented with the agreement of the EP, representing European citizens.
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