The European Union and its trade partners

01-06-2017

Over the years, the EU has been moving away from the production of labour-intensive, low-value products so as to specialise in higher-value, branded goods. With its open economy, trade is essential to the EU. To overcome barriers to trade and level the playing field for its businesses, the Union is negotiating a number of free trade agreements. The EU is also a founder of and key player in the World Trade Organisation (WTO).

Over the years, the EU has been moving away from the production of labour-intensive, low-value products so as to specialise in higher-value, branded goods. With its open economy, trade is essential to the EU. To overcome barriers to trade and level the playing field for its businesses, the Union is negotiating a number of free trade agreements. The EU is also a founder of and key player in the World Trade Organisation (WTO).