Union Free Trade Agreements

EFTA strives to become a world open to trade, but is committed to recognizing all dimensions of sustainable development in its free trade agreements, such as environmental, labour and human rights protection. The European Court of Justice has ruled that the provisions relating to arbitration between the investor state (including a special tribunal under some free trade agreements) fall within the shared jurisdiction between the European Union and its Member States and that, for this reason, their ratification should be authorised by both the EU and each of the 28 Member States. [82] EFTA trade statistics are a new interactive instrument that provides an overview of trade relations with EFTA partners over time and by type of goods. The instrument provides data on trade relations between EFTA states and their trading partners between 2002 and 2016. [2] trade.ec.europa.eu/doclib/docs/2018/october/tradoc_157468.pdf published in November 2020 and before the preface by DG Commerce Director-General Sabine Weyand (other languages), the fourth EU FTA implementation report (other languages) provides an overview of the successes achieved in 2019 and remarkable work for the EU`s 36 main preferential trade agreements. The accompanying staff working document provides detailed information in accordance with the trade agreement and trading partners. These large-scale agreements can take several years of detailed negotiations. The trade agreement database provided by THE ITC Market Access Card. Given that hundreds of free trade agreements are currently in force and are being negotiated (approximately 800 according to the rules of the intermediary of origin, including non-reciprocal trade agreements), it is important for businesses and policy makers to keep their status in mind. There are a number of free trade agreement custodians available at national, regional or international level. Among the most important are the database on Latin American free trade agreements, established by the Latin American Integration Association (ALADI) [23], the database managed by the Asian Regional Integration Center (ARIC) with information agreements concluded by Asian countries[24] and the portal on free trade negotiations and agreements of the European Union.

[25] Both the creation of trade and the diversion of trade have a decisive impact on the establishment of a free trade agreement.

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