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The European Union's (EU) Common Commercial Policy, or EU Trade Policy, is the policy whereby EU Member States delegate authority to the European Commission to negotiate their external trade relations, with the aim of increasing trade amongst themselves and their bargaining power vis-à-vis the rest of the world.
The EU forms its own customs union with a common external tariff and commercial international trade policy, which means that the EU operates as a single actor at the WTO, represented by the European Commission.
[1] [2] INTA is responsible for matters relating to the establishment, implementation and monitoring of the EU’s common commercial policy and its external economic relations, including trade and investment legislation, bilateral, plurilateral and multilateral agreements and relations with the World Trade Organisation (WTO). With the Treaty of ...
The United States (orange) and European Union (green) The Trade and Technology Council (TTC) is a transatlantic political body which serves as a diplomatic forum to coordinate technology and trade policy between the United States and European Union. [1] It is composed of ten working groups, each focusing on specific policy areas. [2]
The EU's foreign relations are dealt with either through the Common Foreign and Security Policy decided by the European Council, or the economic trade negotiations handled by the European Commission. The leading EU diplomat in both areas is the High Representative Josep Borrell .
The EU has seven principal decision-making bodies known as the Institutions of the European Union, while the adoption of laws and coordination of EU policies is the role of the Council of the European Union which currently meets in ten different configurations.
The Treaty on the European Union (2007) is one of the primary Treaties of the European Union, alongside the Treaty on the Functioning of the European Union (TFEU). The TEU forms the basis of EU law , by setting out general principles of the EU's purpose, the governance of its central institutions (such as the Commission, Parliament, and Council ...
The European Union uses a range of legal instruments to implement policy, varied across two major decision-making processes co-decision and cooperation procedure. Green Paper [ edit ]