Role Commission for managing trade instruments and negotiating

Role in Trade

Finally the European Union plays a fundamental role on
trade in the international scene. The majority of the EU’s trading turnover is
produced by developed nations, such as the United States, Switzerland and
Japan, and one-fifth by the North American Free Trade Agreement (NAFTA– USA,
Canada and Mexico).1
The EU trades in all goods. Industrial products generate the majority of its
trading volume yet the percentage of services has been growing steadily. Its
imports and exports are also stable.2

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Characteristics of the EU trade policy have qualities
of the classical Community approach due to its considerable allocation to the
Commission for managing trade instruments and negotiating trade agreements.3
When creating these policies, the European Union looks at different locations
for addressing policy problems, ranging across contexts from local to a global
stage.4

The EU’s vast economic prospect and its immense share
in global trade makes it one of the key actors in negotiations on a
multilateral global trade system, promoting a liberalization of international
trade.

 

Conclusion

It is evident that the European Union has many roles
in the international scene, and it has increasing importance and an objective of
becoming a comprehensive and global international actor. Due to its economic
role of national and supranational theories and economic integration, it is one
of the most significant contributors in international economic relations. Furthermore
the EU’s correlation with developing countries has progressively become less
asymmetrical in the development realm. In terms of trade it is one of the leading
trading powers in the world, and through all of these roles is a significant
actor on the international scene.

 

1 Ryszard
Ziêba “International roles of the European Union” p.75
http://www.pl.ism.uw.edu.pl/wp-content/uploads/2013/02/International-roles-of-the-EU.pdf. 66

2 Ibid.

3  Helen Wallace and Christine Reh “An
Institutional Anatomy and Five Policy Modes” p.102

4 Ibid. 97-98