The European Union and the World Trade Organisation

01-05-2018

The World Trade Organisation (WTO) works to guarantee a rules-based international trading system. Despite the impasse in trade negotiations, ways to modernise WTO rules and address new global challenges are being explored. In February 2017, the entry into force of the Trade Facilitation Agreement brought about new developments in WTO trade rules. Under the Lisbon Treaty, Parliament legislates jointly with the Council and has an important scrutiny role on international trade policy.

The World Trade Organisation (WTO) works to guarantee a rules-based international trading system. Despite the impasse in trade negotiations, ways to modernise WTO rules and address new global challenges are being explored. In February 2017, the entry into force of the Trade Facilitation Agreement brought about new developments in WTO trade rules. Under the Lisbon Treaty, Parliament legislates jointly with the Council and has an important scrutiny role on international trade policy.