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Friday, 22 May 2015

Future EU Trade policy: strategic goals

EU Trade Commissioner Cecilia Malmstrom recently outlined the future of EU trade policy. She underlined that trade is helping the EU to do two things in particular: (i) to build prosperity and (ii) to protect and project European values. Commissioner Malmstron also explained that EU trade preferences help to reduce inequalities worldwide, as the EU is the world’s largest importer from developing countries; in reference to GSP+ scheme, the EU special trade agreements reinforce labour rights and environmental protection alongside trade promotion. In relation to Africa, Malmstrom mentioned the conclusion of 27 economic partnership agreements with African countries, underscoring their objective to achieve both development and partnership:  “This is a positive step that signals a new maturity of EU-Africa relations. It is a partnership of equals”.

Source: trade.ec.europa.eu