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ABSTRACT

This paper explains what led the European Commission, the executive body of the European Union, to reviewing the long-standing priorities of the European Union’s trade policy. In doing so, it highlights which new objectives have been defined for European Union’s trade policy with the rest of the world. This paper argues that the new EU trade and investment policy adopted by the European Commission on 14 October 2015 is more transparent and more values-based than ever before. On three concrete examples, the paper details how this new strategy translates in terms of the rule of law in investment protection, small and medium-sized enterprises’ integration in the world economy, and promotion of sustainable development through EU trade and investment agreements. The paper also clarifies the articulation between EU trade and investment policy and the World Trade Organisation. The paper concludes that EU trade and investment policy is now better fitted to provide a more responsible contribution to the generating of growth and jobs.

KEYWORDS

EU, trade, investment, transparency, socioeconomic growth

Cite this paper

Mungengová, J. (2016). EU trade and investment policy: A responsible contribution to growth and jobs. International Relations and Diplomacy, 4(6), 384-389.

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