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European Commissioner for Trade and Economic Security
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European Commissioner for Trade and Economic Security
The European Commissioner for Trade and Economic Security (sometimes referred to as the EU Trade Commissioner) is the member of the European Commission responsible for the European Union's common commercial policy.
The Commissioner heads up the Directorate-General for Trade in defining the commercial policy of the EU, which has been exclusively under the EU's mandate since the Treaty of Rome in 1957. Due to the size of the European economy, being the world's largest market and having a huge slice of world trade, this position can be very important in dealing with other world economic powers such as China or the United States. Former Commissioner Leon Brittan commented that "Frankly, it is more important than most [national] cabinet jobs".
The Commissioner defines the trade interests of the EU and negotiates bilateral, regional or multilateral agreements with third countries. They also monitor the implementation of such agreements and deals with any unfair practices, devise and monitor internal and external policies concerning international trade, ensure consistency in EU external policies and provide up-to-date public and industrial economic information.
The EU has been a member of the World Trade Organization (WTO) in its own right since the WTO was founded on 1 January 1995, alongside its member states. Until 1 December 2009, it held WTO membership under the name European Communities rather than European Union.
The EU forms its own customs union with a common external tariff and commercial international trade policy, which means that the EU operates as a single actor at the WTO, represented by the European Commission.
EU trade policy is decided by the Article 133 Committee – named after the article of the EU treaties on which its trade policy is based – which brings together the commission and member states to decide policy. Actual negotiations are carried out by the commission's Directorate-General for Trade under the authority of the Trade Commissioner.
However, current plans for the European External Action Service (EEAS) may see trade and WTO relations being transferred from the commission to the EEAS and the High Representative of the Union for Foreign Affairs and Security Policy.
The EU has been involved in a large number of trade disputes with other WTO members, most notably the United States, having brought 81 cases to the WTO, had 67 brought against it and been a third party in a further 88, as of March 2010.
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European Commissioner for Trade and Economic Security
The European Commissioner for Trade and Economic Security (sometimes referred to as the EU Trade Commissioner) is the member of the European Commission responsible for the European Union's common commercial policy.
The Commissioner heads up the Directorate-General for Trade in defining the commercial policy of the EU, which has been exclusively under the EU's mandate since the Treaty of Rome in 1957. Due to the size of the European economy, being the world's largest market and having a huge slice of world trade, this position can be very important in dealing with other world economic powers such as China or the United States. Former Commissioner Leon Brittan commented that "Frankly, it is more important than most [national] cabinet jobs".
The Commissioner defines the trade interests of the EU and negotiates bilateral, regional or multilateral agreements with third countries. They also monitor the implementation of such agreements and deals with any unfair practices, devise and monitor internal and external policies concerning international trade, ensure consistency in EU external policies and provide up-to-date public and industrial economic information.
The EU has been a member of the World Trade Organization (WTO) in its own right since the WTO was founded on 1 January 1995, alongside its member states. Until 1 December 2009, it held WTO membership under the name European Communities rather than European Union.
The EU forms its own customs union with a common external tariff and commercial international trade policy, which means that the EU operates as a single actor at the WTO, represented by the European Commission.
EU trade policy is decided by the Article 133 Committee – named after the article of the EU treaties on which its trade policy is based – which brings together the commission and member states to decide policy. Actual negotiations are carried out by the commission's Directorate-General for Trade under the authority of the Trade Commissioner.
However, current plans for the European External Action Service (EEAS) may see trade and WTO relations being transferred from the commission to the EEAS and the High Representative of the Union for Foreign Affairs and Security Policy.
The EU has been involved in a large number of trade disputes with other WTO members, most notably the United States, having brought 81 cases to the WTO, had 67 brought against it and been a third party in a further 88, as of March 2010.
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