Trade policy

Article Abstract:

The value of the European Union's international trade reached $1.54 trillion in 1996, with the EU the biggest trading bloc worldwide. The EU operates several trade weapons, including the commercial defence instrument, the safeguard clause, countervailing duties and the anti-dumping regime. The World Trade Organisation (WTO) oversees the 1994 Uruguay round international trading rules, with the WTO expected to ultimately incorporate almost 100% of world trade. The EU occasionally loses disputes with the WTO, such as in the case of banana imports.

Trade Relations, International aspects, World Trade Organization, Powers and duties, Trade policy, Commercial policy

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Trade policy

Article Abstract:

The European Union's imports constituted 39% of worldwide trade in 1996, amounting to $1.8 trillion. Various types of association agreements are in place which govern trade. One of the many contracts is the package of European trade and financial pacts held with 10 central and eastern European countries, which is perceived as an initial step towards their full EU membership.

Intnl Economic Policy, Europe, Economic policy, Eastern Europe, Commercial treaties, Trade agreements

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Trade policy

Article Abstract:

The European Union (EU) is the largest trading bloc in the world with its trade with the rest of the world reaching $1.61 trillion in 1998, against $1.59 trillion for the US. The trade policy of the EU centres on several association agreements of various types, while its trade policy instruments include the common external tariff and an anti-dumping regime.

Foreign Trade (Exports & Imports)

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