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Common Commercial Policy (EU)
The European Union's (EU) Common Commercial Policy or EU Trade Policy is the policy whereby EU member states delegate authority to the European Commission to negotiate their external trade relations, with the aim of increasing trade amongst themselves and their bargaining power vis-à-vis the rest of the world. The Common Commercial Policy is logically necessitated by the existence of the Customs Union, which in turn is also the foundation upon which the Single Market and Monetary Union were later established. History The six original member states had signed the 1957 Treaty of Rome, establishing the EU's forerunner, the European Economic Community, with the aim of facilitating greater trade and investment amongst themselves and strengthening their bargaining power with outside states. As signatories to the General Agreement on Tariffs and Trade (GATT), the removal of tariffs between them required the formation of a customs union, with a common external tariff applied by al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Union
The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are located primarily in Europe, Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been described as a ''sui generis'' political entity (without precedent or comparison) combining the characteristics of both a federation and a confederation. Containing 5.8per cent of the world population in 2020, the EU generated a nominal gross domestic product (GDP) of around trillion in 2021, constituting approximately 18per cent of global nominal GDP. Additionally, all EU states but Bulgaria have a very high Human Development Index according to the United Nations Development Programme. Its cornerstone, the European Union Customs Union, Customs Union, paved the way to establishing European Single Market, an internal single market based on standardised European Un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Union Free Trade Agreements
The European Union has concluded free trade agreements (FTAs) and other agreements with a trade component with many countries worldwide and is negotiating with many others. The European Union negotiates free trade deals on behalf of all of its member states, as the member states have granted the EU has an "exclusive competence" to conclude trade agreements. Even so, member states' governments control every step of the process (via the Council of the European Union, whose members are national ministers from each national government): * Before negotiations start, member states' governments (via the Council of Ministers) approve the negotiating mandate; * During negotiations, member states' governments are regularly briefed on the progress of negotiations and can update the negotiations mandate or suspend negotiations; * Upon conclusion of negotiations, member states' governments decide whether the agreement should be signed; * After approval from the European Parliament and (in ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Direct Investment
A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct control. The origin of the investment does not impact the definition, as an FDI: the investment may be made either "inorganically" by buying a company in the target country or "organically" by expanding the operations of an existing business in that country. Definitions Broadly, foreign direct investment includes "mergers and acquisitions, building new facilities, reinvesting profits earned from overseas operations, and intra company loans". In a narrow sense, foreign direct investment refers just to building new facility, and a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. FDI is the sum of equity capital, long-term capital, and short-term capital ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Intellectual Property
Intellectual property (IP) is a category of property that includes intangible creations of the human intellect. There are many types of intellectual property, and some countries recognize more than others. The best-known types are patents, copyrights, trademarks, and trade secrets. The modern concept of intellectual property developed in England in the 17th and 18th centuries. The term "intellectual property" began to be used in the 19th century, though it was not until the late 20th century that intellectual property became commonplace in the majority of the world's legal systems."property as a common descriptor of the field probably traces to the foundation of the World Intellectual Property Organization (WIPO) by the United Nations." in Mark A. Lemley''Property, Intellectual Property, and Free Riding'', Texas Law Review, 2005, Vol. 83:1031, page 1033, footnote 4. The main purpose of intellectual property law is to encourage the creation of a wide variety of intellectual g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Treaty On The Functioning Of The European Union
The Treaty on the Functioning of the European Union (TFEU) is one of two treaties forming the constitutional basis of the European Union (EU), the other being the Treaty on European Union (TEU). It was previously known as the Treaty Establishing the European Community (TEC). The Treaty originated as the Treaty of Rome (fully the ''Treaty establishing the European Economic Community''), which brought about the creation of the European Economic Community (EEC), the best-known of the European Communities (EC). It was signed on 25 March 1957 by Belgium, France, Italy, Luxembourg, the Netherlands and West Germany and came into force on 1 January 1958. It remains one of the two most important treaties in the modern-day European Union (EU). Its name has been amended twice since 1957. The Maastricht Treaty of 1992 removed the word "economic" from the Treaty of Rome's official title and, in 2009, the Treaty of Lisbon renamed it the "Treaty on the Functioning of the European Union". F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pascal Lamy
Pascal Lamy (born 8 April 1947) is a French political consultant and businessman. He was the Director-General of the World Trade Organization (WTO) from 1 September 2005 to 1 September 2013 for 8 years. In April 2009, WTO members reappointed Lamy for a second 4-year term, beginning on 1 September 2009. He was then succeeded by Roberto Azevêdo. Pascal Lamy was also European Commissioner for Trade for 5 years, from 13 September 1999 to 22 November 2004 and is an advisor for the transatlantic think-tank European Horizons, as well as currently serving as the Honorary President of the Paris-based think tank, Notre Europe. Early life Born in Levallois-Perret, Hauts-de-Seine, a suburb of Paris, Lamy studied at Sciences Po Paris, from HEC and ÉNA, graduating second in his year of those specialising in economics. He then joined the civil service, and in this role he ended up serving as an adviser to Jacques Delors as Economics and Finance Minister and Pierre Mauroy as Prime Minist ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Director-General Of The World Trade Organization
The director-general of the World Trade Organization is the officer of the World Trade Organization (WTO) responsible for supervising and directing the organization's administrative operations. Since the World Trade Organization's decisions are made by member states, either through a Ministerial Conference or through the General Council, the director-general has little power over matters of policy – the role is primarily advisory and managerial in nature. The director-general supervises the WTO secretariat of about 700 staff and is appointed by WTO members for a term of four years. The post of Director-General had been vacant since 31 August 2020, after the resignation of Roberto Azevêdo of Brazil who had held the post since 1 September 2013. On February 5, 2021, Dr. Ngozi Okonjo-Iweala of Nigeria secured the support of the United States for Director-General of the WTO. Okonjo-Iweala assumed office on 1 March 2021, and became both the first woman and the first African to hol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peter Sutherland
Peter Denis Sutherland (25 April 1946 – 7 January 2018) was an Irish businessman, barrister and Fine Gael politician who served as UN Special Representative for International Migration from 2006 to 2017. He was known for serving in a variety of international organisations, political and business roles. Sutherland was the UN Special Representative of the Secretary-General for International Migration until March 2017. Appointed in January 2006, he was responsible for the creation of the Global Forum on Migration and Development (GFMD). He also served as President of the International Catholic Migration Commission, as well as a member of the Migration Advisory Board of the International Organization for Migration. He was a board member of Wallenberg-owned ABB and the Wallenbergs' conglomerate holding company, Investor AB. A barrister by profession, Sutherland was a Senior Counsel of the Bar Council of Ireland. He previously served as Attorney General of Ireland (1981–1982, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Trade Organization
The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade. With effective cooperation in the United Nations System, governments use the organization to establish, revise, and enforce the rules that govern international trade. It officially commenced operations on 1 January 1995, pursuant to the 1994 Marrakesh Agreement, thus replacing the General Agreement on Tariffs and Trade (GATT) that had been established in 1948. The WTO is the world's largest international economic organization, with 164 member states representing over 98% of global trade and global GDP. The WTO facilitates trade in goods, services and intellectual property among participating countries by providing a framework for negotiating trade agreements, which usually aim to reduce or eliminate tariffs, quotas, and other restrictions; these agreements are signed by representatives of member governmentsUnderstanding the WTO' Handbook at WTO offi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free Trade
Free trade is a trade policy that does not restrict imports or exports. It can also be understood as the free market idea applied to international trade. In government, free trade is predominantly advocated by political parties that hold economically liberal positions, while economic nationalist and left-wing political parties generally support protectionism, the opposite of free trade. Most nations are today members of the World Trade Organization multilateral trade agreements. Free trade was best exemplified by the unilateral stance of Great Britain who reduced regulations and duties on imports and exports from the mid-nineteenth century to the 1920s. An alternative approach, of creating free trade areas between groups of countries by agreement, such as that of the European Economic Area and the Mercosur open markets, creates a protectionist barrier between that free trade area and the rest of the world. Most governments still impose some protectionist policies that are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., federal district, five major unincorporated territories, nine United States Minor Outlying Islands, Minor Outlying Islands, and 326 Indian reservations. The United States is also in Compact of Free Association, free association with three Oceania, Pacific Island Sovereign state, sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Palau, Republic of Palau. It is the world's List of countries and dependencies by area, third-largest country by both land and total area. It shares land borders Canada–United States border, with Canada to its north and Mexico–United States border, with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Directorate-General For Trade
The Directorate-General for Trade (DG TRADE) is a Directorate-General of the European Commission. The European Commission's Directorate- General for Trade (DG Trade) develops and implements the EU's trade policy in order to help secure prosperity, solidarity and security in Europe and around the globe. It covers a wide area from manufactured goods to services, intellectual property and investment. As of 1 June 2019 Sabine Weyand is the Director-General. The DG Trade reports to the Trade Commissioner. Trade Commissioner history Under the authority in the von der Leyen Commission of Valdis Dombrovskis, the European Commissioner for Trade, DG TRADE coordinated trade relations between the European Union ( EU) and the rest of the world. Organisation *European Commissioner for Trade *Director General **Directorate A - Multilateral Affairs, Strategy, Analysis, Evaluation ****Unit A1 - Multilateral affairs and WTO ****Unit A2 - Trade Strategy ****Unit A3 - Chief Economist, Trade Analysis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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