Foreign Trade Policy

The dynamics European economy will have to be an open one. The EU countries promote trade with extra-EU countries because it is in its interest to do so. The part of EU external trade policy is principles of CCP are put into effect by means of trade policy instruments and trade agreements. The mine external trade policy instruments are- tariffs, quotas, voluntary export restraints(VER), and anti-dumping measures.
The precise form of the EU’s future external policy will depend on several factors, like the maintenance of strong economic growth remains crucial. Free trade and unemployment are uneasy, even incompatible, bedfellows. The welfare gains from increased imports do not impress the unemployment. It is remarkable how effective the Commission has been in forwarding its trade liberalization agenda.…