Www.standardsmap.org. EUbusiness. Trade. Agreements - Trade. Over the next ten to 15 years, 90% of world demand will be generated outside Europe. That is why it is a key priority for the EU to tap into this growth potential by opening up market opportunities for European businesses abroad. One way of ensuring this is through negotiating agreements with our key partners.
As tariffs are relatively low in world trade today, trade barriers lie behind the customs borders: hence the EU aims to conclude Deep and Comprehensive Free Trade Agreements that, on top of removing tariffs, also open up markets on services, investment, public procurement and include regulatory issues. If the EU was to complete all its current free trade talks tomorrow, it could add 2.2% to the EU's GDP or €275 billion. This is equivalent to adding a country as big as Austria or Denmark to the EU economy. In terms of employment, these agreements could generate 2.2 million new jobs or an additional 1% of the EU total workforce. Trade negotiations in a nutshell EU trade negotiations. International Trade Administration. Import Export Business & International Trade Leads - FITA Global Trade Leads. World Trade Organization - Home page.