2019 Annual Report On The Implementation Of Eu Trade Agreements

In addition, the report examines in more detail the first year of implementation of the EU-Japan Economic Partnership Agreement and shows that the agreement is as follows: finally, the report analyses progress in implementing the Trade and Sustainable Development (SSD) chapters, which are part of all modern EU trade agreements. By applying these chapters, the EU intends to maximise the impact of enhanced trade and investment measures in order to make progress on key issues such as promoting decent work and protecting the environment or combating climate change. While the report indicates that the implementation of these chapters faces challenges, the Agreement on Vietnam is a successful example of how the commitment of the EU and its partners can make tangible progress on these issues before it comes into force, particularly with regard to labour commitments. Trade with the 65 preferential partners covered in the report increased by 3.4% in 2019, while total EU foreign trade increased by 2.5%. EU trade agreements with Canada and Japan have boosted trade by almost 25% and 6% respectively since they came into force. The European Parliament and representatives of the Member States, as well as other EU institutions and stakeholders, will now discuss the report with the Commission. “At a time when the European economy is in crisis, international trade is more important than ever. Our trade agreements allow EU businesses to grow outside the single market. Tariff reductions are boosting trade and we see that this is reflected in the growth of our trade with Canada and Japan,” said Valdis Dombrovskis, Executive Vice-President and Trade Commissioner. “We are taking many steps to ensure that all large and small businesses in the EU can actually use our trade agreements. That`s why we`ve just launched a new “Access2Markets” website to help them do so. We also encourage international standards such as workers` rights and the environment in our trade agreements.¬†European Commission report of 12 November 2020 containing the fourth (4th) annual report on the implementation of EU trade agreements. This report provides details from January 1 to December 31, 2019.

The report also shows that the EU-Canada Agreement (CETA) is the world`s largest trading network in 2019, in its second year in force. The fourth annual report, which covers the period from 1 January to 31 December 2019, includes 36 major EU preferential trade agreements which were concluded in 2019 for a substantial period with 65 different partners.