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Civil Society Dialogue - Trade and SMEsBrussels, 31 March 2011Petros SourmelisEuropean Commission - Directorate General Trade
The European Union Trade Policy 2011
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Context
• GlobalisationIncluding fragmentation of value chains
• Emergence of new economic powerhousesChina, India, Brazil
• Economic downturnTrade is part of the solution
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EU remains a trading power…
16.8 % of world trade in 2010
First exporter
16.2% (2010)
Largest importer
17,3% (2010)
2010 leader in foreign direct investment: EU-27 receives € 218.7 bn in 2010
A MAJOR
TRADING POWER
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The EU in world tradeShare of EU27 GDP in World GDP
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EU Trade policy Basic features
Being the leading trade region
Strong interest in:
Open markets
Clear regulatory frameworks
Responsibility towards:
EU citizens
Rest of the World
Need to reinforce EU
competitiveness on
world markets
The European Commission adopted in November 2010 its renewed trade policy (“Trade, Growth and World Affairs”): what does it propose?
1. Completion of current negotiating agenda2. Deepen trade relations with strategic
partners3. Help European businesses access global
markets4. Create opportunities for investors5. More assertive approach to enforcement 6. Share the benefits of the global economy
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Completion of current negotiating agenda
Deliver new opportunities for trade and investment through:
• Multilateral negotiations: the Doha Round
• Bilateral agreements
•Concluded: South Korea, Central America, Peru, Colombia
•Ongoing: India, Canada, Mercosur, Ukraine, Singapore, Malaysia, Libya, Euro-Med
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Deepen trade relations with strategic partners
China:• A fast growing market for EU’s exports with big potential • Tackling market access barriers• High Level Economic and Trade Dialogue
Japan:• Regulatory obstacles • High Level Group
Russia:•WTO membership• Partnership and Cooperation Agreement
US:• EU’s largest investment and
trading partner• Transatlantic Economic
Council
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Trade agenda is evolving
Cutting tariffs is still important but majority of trade barriers now lie
elsewhere:
• Improved market access for services and investment
• Opening up public procurement
• Better protection of intellectual property
• Unrestricted supply of raw materials and energy
• Overcoming regulatory barriers
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Unilateral dimension
• Generalised System of Preferences (GSP)
Everything But Arms (EBA)GSP+
• Trade Defence Instruments Anti-dumpingAnti-subsidySafeguard measures
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Removing trade barriers for EU exporters
• Creating new opportunities for EU exporters:Effective enforcement of trade agreementsTackling key barriers in third countriresMonitor and act against protectionist measures
• Market Access Partnership - cooperation between the Commission, Member States and businesses – local expertise make trade barriers easier to identify and address
• Market Access teams created• Market Access Database (MADB) as an important tool to record
barriers under examination in EU trading partners• Export Helpdesk Database – helping developing countries to
export to the EU and helping EU companies to import fromdeveloping countries
Market Access Strategy
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Trade and SMEs
• Open new markets and establish a predictable frameworkfor all EU companies (bilateral and multilateralagreements)
• Enforcement of trade rules to ensure trade flows• Market Access Partnership to identify and address trade
barriers• Trade defence assistance• Information tools and helpdesks (MADB Export Helpdesk,
IPR Helpdesk in China, etc…) • In preparation: Communication on possible EU support for
SME internationalisation
How SMEs benefit from EU trade policy