1. Common Trade Policy Trans-Atlantic Relations of the EU

2. History l GATT 1947 l Treaty of Rome 1957 l WTO 1994..........EC representation, CTP (Preferencies)

3. Stucture of the lecture: l EU15 and EU25 in trade statistics l History of CTradeP and relations l International trade policy instruments l EC Prafential pyramid l TAR

4. EU25 major import partners: 1. China 12.3% 2. Russia 7.8% 3. Japan 7.2% 4. USA 15.3% 5. Switzerland 6.0% 6. Norway 5.4% 7. Turkey 3.0% 8. Korea 2.9% 9. Taiwan 2.3% 10. Brazil 2.1%

5. EU25 m ajor export partners: 1. USA ………24.3% 2. Switzerland…7.8% 3. China ……….5.0% 4. Russia……….4.7% 5. Japan……..…3.9% 6. Turkey…….…3.9% 7. Norway………3.2% 8. Canada…..….2.3% 9. Australia……..2.1% 10. Hong Kong….2.0%

6. EU25 major trade partners 1. USA 2. China 3. Switzerland 4. Russia 5. Japan 6. Norway 7. Turkey 8. Korea 9. Canada 10. Taiwan 11. Brazil 12. India 13. Singapore 14. Romania 15. South Africa 16. Hong Kong

7. CTP relations n 2nd pillar : l WEU (Brussel 1948) l Common Foreign and Security Policy l Shengen Accord (1985 5, 1990 all exc. UK,Irl) 97 incorp. to Amst. Treaty, Ac.Com. (…… moved to I. Pillar)

8. CTP relations l Competition policy l CAP l Industrial policy l Development policy l Commercial diplomacy l Ec. int. with non-members

9. Instruments l Tariffs l Preferential tariffs l Quotas l Voluntary export restraint l Anti-dumping duties l Price undertakings (instead AD duties) l Regulatory barriers (technical) l Export subsidies (agr. only) l Domestic subsidies (EC, WTO rules) l Licences (only national level)

10. EC Pyramid of preferencies MS EEA LOME: APC ASSOCIATED C. Bilateral agreements MFN under GATT,WTO GSP under UNCTAD

11. Trans – Atlantic Relations l Historical development = Co-operation and Rivalry T-A Declaration on EC-US Relations (Nov 1990) – new institutional frame: regular meetings 1995 New Transatlantic Agenda + Joint EU-US Action Plan

12. TAR Joint EU-US Action Plan: l Peace, stability and democracy round the World l Response to global challenges l World trade l Building Cross-Atlantic bridges for companies, education, science, culture..

13. USA position in the world

14. EU25-USA trade

15. Structure of EU25 export to USA

16. Structure of EU25 import from the USA

17. EU15-USA trade in services

19. EU25 FDI with USA