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The European Union and its trade partners

EU Fact Sheets 01-09-2017

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 (FTAs). The EU is also a founder of and key player in the World Trade Organisation (WTO).

The Trans-Pacific Partnership (TPP), signed in February 2016 by the representatives of its 12 member countries, is a comprehensive regional agreement dealing with a wide range of trade and trade-related issues. In January 2017, President Donald Trump withdrew the United States from the TPP, making it impossible for the agreement, as it is currently drafted, to take effect. Despite the US withdrawal, the remaining TPP participating countries are determined to salvage the benefits of the agreement, ...

EU-South Korea free trade agreement

At a Glance 10-05-2017

The EU-South Korea free trade agreement (FTA), applied since July 2011, entered into force in December 2015. The agreement has successfully boosted EU-Korea trade exchange. The European Parliament is due to adopt a report on the five years of the FTA's implementation in May 2017.

Critics of the 2015 nuclear deal with Iran have warned that Iran would use any financial benefits to further strengthen its influence in the region, by supporting its allies, which include important Shia militias in Iraq. While the nuclear deal has yet to translate into major economic and financial benefits for Iran, any requests for extra resources to support foreign allies will also have to compete with the Iranian government's many other – domestic – priorities. Moreover, the potential long-term ...

Trade and economic relations with China 2015

In-Depth Analysis 23-06-2015

The EU's trade and economic relations with China, the global leader in trade, are generally good, and the number of disputes reasonable. Yet the EU is dissatisfied with China's reluctance to fully implement its commitments to the World Trade Organisation (WTO) and, more generally, with its protectionist measures, which often hurt EU interests. For its part, Beijing is still dissatisfied with the EU's refusal to grant the country 'market economy' status and with other measures it believes limit China's ...

EU-Russia trade

At a Glance 21-05-2015

Trade between the EU and Russia has decreased due to the difficult context (tensions over Ukraine, long-standing trade barriers, sanctions and counter-sanctions, recession in Russia), but remains substantial.

Analysis of EU-India trade

Briefing 19-09-2013

Negotiations on a Free Trade Agreement (FTA) between the EU and India – two of the world’s four largest economies, with more than 1.7 billion people altogether – were launched in June 2007 and continue today. This paper aims to show levels of trade between the two. It looks at the trade in goods from both Indian and EU points of view, to measure the importance of EU trade for India and vice versa. It also looks at trade in services and foreign direct investment (FDI) in both directions. Indicators ...