The EU negotiates various trade deals all over the world, but they depend on approval by the European Parliament. Read our overview of the negotiations in progress.
The importance of trade agreements
Trade agreements are a key component of the EU’s trade policy. as they are a key driver of economic growth. In 2020 the EU was the world’s second biggest exporter of goods (15%) after China (18%) but ahead of the US (10%). It was also the third largest importer (13%) after the US 16%) and China (14%) in 2020. New trade agreements create new business opportunities for European companies, leading to more jobs being created, while consumers can look forward to more choice and lower prices.
Source
Latest Posts in "European Union"
- EESC Opinion: EPPO and OLAF Access to EU-Wide VAT Data to Combat Fraud
- General Court Confirms Dual VAT Liabilities Possible for Incorrect Invoicing of Intra-Community Supplies
- CJEU Rules ‘Financing’ Not Exempt in VAT Assessment of Factoring Transactions in Kosmiro Case
- Understanding the VAT Gap: Impact on Global Compliance, Business Operations, and Digital Tax Reforms
- EU Court Clarifies VAT Exemption Rules for Cost-Sharing Groups in Healthcare and Education Sectors
