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EU trade agreements: Delivering for Europe's businesses

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The European Commission has released its fourth annual report on the implementation of EU trade agreements, displaying the benefits of our expanding global trade network. Despite tensions in the global trade arena, the report shows that EU trade agreements continued to facilitate fair and sustainable trade and solidify the framework of international rules. Trade with the 65 preferential partners covered in the report grew by 3.4% in 2019, while the EU's total external trade grew by 2.5% overall.

The EU's trade agreements with Canada and Japan have especially boosted trade, by nearly 25% and 6%, respectively, since their entry into force. "At a time when the European economy is in crisis, international trade is more essential than ever. Our trade agreements make it easier for EU companies to grow by trading outside the internal market. Tariff cuts boost trade, and we see this borne out in our growing trade with Canada and Japan,” said Executive Vice President and Trade Commissioner Valdis Dombrovskis.

“We are taking many steps to ensuring all EU businesses – big and small – can really take advantage of our trade agreements. This is why we just launched a new ‘Access2Markets' website to help them do just that. We are also promoting international standards such as on worker's rights and the environment in our trade agreements.” The European Parliament and member states' representatives, as well as other EU institutions and stakeholders, will now discuss the report with the Commission. A press release is available online.

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