Connect with us

Economy

#TradeReport - EU agreements deliver on growth and jobs and support sustainable development

SHARE:

Published

8 years ago

on

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. You can unsubscribe at any time.

According to the second annual report about the implementation of trade agreements issued today, trade under existing EU trade agreements keeps growing. EU agreements – covering nearly 70 partners all over the world – are proving effective in removing barriers to trade and promoting high standards of labour and environment protection. Also, when it comes to the promotion of EU standards and sustainable development, thanks to specific provisions in EU trade agreements, some EU partners stepped up their workers' protection and ratified International Labour Organization Conventions. Despite these positive developments, more could still be achieved if EU companies made full use of the opportunities available under the agreements in place.

Trade Commissioner Cecilia Malmström said: "Our growing list of strategic agreements opens doors and gives a competitive edge to European companies in key markets. It also helps advance the respect of human and labour rights, and environmental standards. We must continue to making sure that the rules in place are followed, and that businesses can make the very most out of these deals."

Malmström will discuss the contents of the report with EU trade ministers at the upcoming Council meeting on 9 November.  Discussions with the European Parliament will also follow.

For more information, see the press release, EU trade agreements implementation report and the accompanying Commission staff working document.

Share this article:

Share this:
Related Topics:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
Advertisement

Trending