MEMORANDUM ON EU POLICY Doha Round: EU Policy on Non-Agricultu

To: M.P. Carl, Director General of Trade, European Union

Subject: EU Policy Points for Doha Round

The three main components of EU policy for the Doha round of trade talks are compressability, or reduction in the range of tariffs, an increase in the number of "bound" tariffs (ideally and ultimately to 100 percent), and favorable treatment for goods classed as environmental goods. It is the view of the European Community that these policies will be good both for the EU and for the world as a whole, by fostering trade and economic development, and encouraging environmentally friendly methods of production. In pursuit of these objectives, the EU is willing to make concessions to smooth the course of the Doha talks, particularly in the area of offering special, unilateral tariff advantages to the least developed countries. The following discussion will first characterize the significance of the trade issue, then outline the nature of the three policy objectives, and finally examine the advantages they offer to the European Union.

The European Union has a strong interest in world trade, in which the European economy is a major participant. As of 2000, the most recent year for which full data are available, the EU imported goods and services worth approximately 1.4 trillion Euros (about $1.4 trillion), and exported goods and services worth about 1.2 trillion

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members agree to fix tariffs at some maximum level, which cannot then subsequently be increased. The policy of the EU is to attain an eventual objective of 100 percent bound tariffs on non-agricultural goods ("EU Submits" 2). As with compression, the objective of binding is to reduce the variability and complexity of tariff schedules, and thus to reduce the unpredictability of world trade. Where tariffs are bound, manufacturers and other producers can shape their mid-term and long-term export and import policies based on market projections and underlying economic fundamentalies, rather than the vagaries of national tariff policies. Environmental Goods: The policy of the EU is to allow preferential treatment to goods defined as environmental goods. These are goods produced in an environmentally "friendly" and sustainable way, reducing stress on the environment. The primary objective of this policy is not economic in the narrow sense, but to encourage environmentally responsible methods of production and encourage improvement in the global environment. In the long run this can be expected to yield economic benefits as well, by reducing costs of all sorts related to pollution and environmental damage. All of these polic
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Approximate Word count = 1483
Approximate Pages = 6 (250 words per page)