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  1. From 1999 to 2010, EU foreign trade doubled and now accounts for over 30% of the EU’s gross domestic product (GDP). The EU is responsible for the trade policy of the member countries and negotiates agreements for them.

  2. Trade policy is an exclusive EU competence, meaning the EU as a whole, rather than individual member states, has the power to legislate on trade matters and conclude international trade agreements (article 207 of the Treaty on the Functioning of the European Union - TFEU).

  3. 11 Ιαν 2024 · What is the EU’s trade policy? Trade policy is an exclusive EU competence. This means it is the EU that legislates on trade matters and concludes international trade agreements and not the member states.

  4. policy.trade.ec.europa.eu › eu-trade-relationships-country-and-regionEU Trade agreements

    The value of EU trade covered by the vast network of 42 agreements with 74 partners in place in 2023 was more than €2.3 trillion, having risen by over 30% over the past five years, according to the Annual Report on the implementation and enforcement of EU trade policy published today.

  5. Traditionally, EU trade policy has been a flagship area in which the EU exercises exclusive competence. Since the 1980s, Member States have mandated the European Commission to pursue trade liberalisation and increase market access for EU companies in foreign countries.

  6. policy.trade.ec.europa.eu › eu-trade-relationships-country-and-region › makingMaking trade policy - European Commission

    What is trade policy? The European Union manages its trade and investment relations with non-EU countries through its trade and investment policy. Trade outside the EU is an exclusive responsibility of the EU, rather than the national governments of member countries.

  7. Together, the European Union's members account for 16% of world imports and exports (2022 data). Why does it matter? The development of trade – if properly managed – is an opportunity for economic growth.

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