The European Commission is committed to a new generation of free trade agreements, which will be concluded first and foremost with the world`s largest and fastest growing regions. The aim is to boost growth and employment in Europe by improving the global competitiveness of European businesses. Thailand: Negotiations for a free trade agreement with Thailand began in May 2013. They have been suspended since the fourth round of negotiations in April 2014, with the army taking control of the country shortly thereafter. It will only be possible for the EU to reach an agreement with an elected Thai government as part of a democratic process. The Philippines and Indonesia began negotiations for a free trade agreement with the EU in 2016. Negotiations based on the text began in 2017. The UK has signed a free trade agreement with Japan. A Mutual Recognition Agreement (MRA) is an agreement in which countries recognize the results of the other`s compliance assessment. On this basis, EU trade agreements can continue to apply to the UK.
The EU is an example of a regional trade agreement. In short, the EU is a political and economic union that currently consists of 27 Member States. Trade can also be simplified if countries have the same rules as the color of connector wires.B. The closer the rules are, the less likely it is that the goods will be controlled. If you experience trade problems during the transition period, please contact your local international trade advisor. The current agreement, on which the WTO relies, consists of 16 different multilateral agreements signed by all WTO members (150 degrees). It should be noted that many countries have introduced the registered exporter system, REX, a system of self-certification of the origin of their goods. This system simplifies the process for the exporter because, instead of asking their authority for the guarantee of origin, it can issue it itself through that system.
When EU trade agreements are in force, the content of the UK and THE EU will apply to the rules of origin of EU trade agreements until 31 December 2020. EFTA strives to become a world open to trade, but is committed to recognizing all dimensions of sustainable development in its free trade agreements, such as environmental, labour and human rights protection. Today, EFTA has 29 free trade agreements covering 40 countries and territories outside the EU. Andorra, San Marino and Turkey are part of the customs union. The UK`s future trade relations with these countries will be influenced by the UK`s agreement with the EU. The EU is New Zealand`s second largest trading partner. In 2019, the volume of trade amounted to more than 9 billion euros. Agricultural products account for the largest share of New Zealand`s exports to the EU, while the EU mainly exports finished and industrial products to New Zealand. In 2019, Germany`s trade surplus with New Zealand amounted to 2.7 billion euros and EU companies accounted for more than 10 billion euros of foreign direct investment in New Zealand.
The UK trade agreement with Switzerland contains elements of the EU-Switzerland MRA. The development of multilateral trade relations is a priority for both Germany and the European Union. The EU`s position on bilateral free trade agreements (FTAs) has developed since 2007 in light of bilateral free trade agreements concluded by some of Europe`s key trading partners (including the US and Japan) that could compromise the competitiveness of European companies in world markets.