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EU trade defence measures on imports from United States. Exporting from the EU to the United States. Trade defence measures in force in the United States. Trade relations are part of the EU's overall political and economic relations with the United States. United States is a member of the World Trade Organization.
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.
This article provides a picture of the international trade in goods between the European Union (EU) and the United States. It analyses the type of goods exchanged between the two economies and the shares of each EU Member State in those exchanges.
The EU's trade policy protects Europeans by ensuring imports respect consumer protection rules. The EU also uses its trade policy to promote human rights, social and safety standards, respect for the environment and sustainable development.
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.
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.
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.
