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

Doha Round: EU Policy on Non-Agricultural Trade

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 Euros ("EU Trade" 1). Of this total, over 55 percent of imports and nearly two-thirds of exports are manufactured goods, while agricultural goods account for only six percent of imports and five percent of exports ("EU Trade" 1). European Union trade is widely distributed, with the United States and Japan together -- the other two largest economies -- accounting for only about a third of total imports and exports ("EU Trade" 1).

The EU policy agenda for the Doha round has the three main components named above: c...

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MEMORANDUM ON EU POLICY Doha Round: EU Policy on Non-Agricultu. (1969, December 31). In LotsofEssays.com. Retrieved 04:20, March 28, 2024, from https://www.lotsofessays.com/viewpaper/1700987.html