Caspian Energy Journal Caspian European Club
Friday, 02 November 2018 13:00

EU trade agreements deliver on sustainable growth

EU trade agreements deliver on sustainable growth

According to the second annual report about the implementation of trade agreements, these agreements – covering nearly 70 markets all over the world – are proving effective in removing barriers to trade and promoting high standards of labour and environment protection. However, more could still be achieved if EU companies made full use of the opportunities available under the agreements in place, Caspian Energy News ( reports with reference to the press statement of the European Commission.

According to the report, trade under the existing EU trade agreements keeps growing. To give a few examples, exports to South Korea increased by over 12% last year, exports to Colombia by more than 10%, and EU exports to Canada rose by 7% in the nine months following the entry into force of the EU-Canada agreement. EU agri-food producers are among the main beneficiaries of scrapped customs duties, with strong export increases last year especially to Ecuador (+34%), Chile (+29%), Serbia (+23%), Turkey and Costa Rica (both +14%).

Despite these positive developments,.

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Person in charge of the newsline: Olga Nagiyeva 

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