Trade

Global economic integration creates opportunities for growth and for development. But it also brings pressure on global resources and on traditional industries and livelihoods. The European Union is committed to ensuring that the European economy is open to the world and competitive on the world stage. It supports a strong multilateral trading system as the most effective means of managing trade for the benefit of all. The EU's strategy for sustainable development aims at reconciling economic growth, social cohesion and environmental protection.

Trade and development
The European Union is committed to supporting developing countries' efforts to integrate into the trading system to help them reap the benefits of market opening.

Generalised System of Preference (GSP)

The Generalised System of Preferences allows industrialised countries to grant non-reciprocal tariff reductions to developing countries.

Access to essential medicines
The EU is deeply committed to insure access to cheap medicines in poor countries.

Trade and environment
The respect of the environment is a vital condition for a sustainable trade growth and long-term development.

Sustainability Impact Assessment(SIA)
The European Commission has commissioned an independent assessment of the impact that trade negotiations may have on sustainable development.

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In an integrated global economy, the impact of trade on social welfare and rights has to be carefully managed.

Corporate Social Responsibility
Corporate social responsibility (CSR) is a concept whereby companies integrate social and environmental concerns in their business activities.

Civil Society Dialogue
The EU holds regular meetings on trade issues in Brussels with civil society stakeholders.