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Leadership in the Global economy.
Member rating: No Rating | Words: | Submitted: Mon Dec 22 2003
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Leadership in the Global Economy The EU has always been a strong advocate of free trade. EU customs duties on industrialized goods are among the lowest in the world. The EU's capacity to play a leadership role in global negotiations to liberalize world trade over the last thirty years has been crucially shaped by its common commercial policy. The Treaty of Rome required member states to adopt common tariffs, liberalization, export promotion, and trade policies. World Trade Organization (WTO) The EU is a key participant in the WTO. Notifications of trade policy developments are regularly made to the WTO and are in principle also available to the public in keeping with the EU's policy of transparency. Uruguay Round commitments are being implemented on schedule, although the extent of actual trade liberalization appears to be modest. The EU is part of all WTO initiatives to liberalize trade, from information technology products and pharmaceuticals,...
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