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Trade policy The EU`s position on trade, negotiating areas, background documents and news. The bilateral customs agreement, which the United States and the EU intend to formally implement in the fall of 2020, was the culmination of negotiations that intensified following a meeting between President Trump and European Commission President Ursula von der Leyen in Davos in January 2020. Discussions between the US and the EU on possible tariff cuts and the elimination of non-tariff barriers began in earnest in July 2018, when President Trump met at the White House with Commission President von der Leyen`s predecessor, Commission President Jean-Claude Juncker. Trade agreements Requirements for EU trade agreements, types of agreements, details of current trade agreements. The central pillar of rules-based and open trade should always be the WTO. This is the first and best way to open markets around the world and establish new rules for trade. However, free trade agreements can be – and have been for years – a useful complement to the multilateral trade order. In the context of the WTO crisis, these agreements are increasingly economically and politically relevant, which is essential for the EU`s foreign trade policy. The European Commission reports annually on the implementation of its main trade agreements in the previous calendar year. One study showed that eu trade agreements implemented during the 1993-2013 period “reduced quality-adjusted prices by almost 7%.” [83] The EU Framework Report (Languages) published in November 2020 and foreword by DG Commerce Director-General Sabine Weyand (other languages) takes stock of the successes in 2019 and the 36 main EU preferential trade agreements. The accompanying staff working document provides detailed information in accordance with the trade agreement and trading partners.

However, negotiations on free trade agreements have become increasingly controversial in the general public. The transatlantic trade and investment partnership (TTIP) negotiations, the EU-US free trade agreement, are an example.