How trade policy and regional trade agreements support and strengthen EU economic performance
Author:
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Price |
FREE |
Publisher |
European Commission |
Publication date |
26 March 2015 |
ISBN |
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Publication synopsis This discussion paper, presented at this week's ministerial Council, reviews the contribution that trade agreements between the EU and its trading partners can make to boost jobs and growth in Europe. The EU has an ambitious bilateral agenda which can complement the multilateral trading system centred on the WTO. The paper calculates that, if concluded successfully, ongoing bilateral negotiations could boost EU's GDP by more than 2%, or 250 billion euros.
In the EU, 31 million jobs – over 14% of total employment – depend on our exports to third countries. Each additional €1bn of exports supports roughly 14.000 additional jobs across the EU, the paper adds. These are in general more qualified and better paid than in the rest of the economy. The millions of trade-related jobs include retail, wholesale, port handling, logistics and transportation.
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