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New Generation Trade Agreements

But there is a trade-off between reaching an agreement with many parties and reaching an agreement within a time frame that companies would consider useful. While governments can work in cycles of years, companies are concerned quarterly about results. Keywords: global trade agreements, public services, profits and losses, sustainable development, civil society, EU trade policy Despite the difficult global economic climate, European companies have continued to take advantage of the opportunities offered by the European Union`s largest trading network. In 2018, this network covered 31% of European trading exchanges, a figure that will increase significantly (to almost 40%). if more trade agreements come into force, as shown in the European Commission`s annual report on the implementation of trade agreements published today. In total, trade accounts for 35% of the EU`s gross domestic product (GDP). The first dissatisfaction with these treaties concerns the lack of transparency in the negotiations, which is widely perceived as fundamentally undemocratic. The text of these documents is negotiated in absolute reserve. Article 218 of the Treaty on the Functioning of the European Union (TFUE) gives the Commission the power to negotiate any trade agreement “on behalf of the Member States”.

Behind the scenes at the European Commission, economic lobbyists dominate the preparation of negotiations at the expense of trade unions, environmental groups and consumers [4]. [4] corporateeurope.org/international-trade/2014/07/who-lobbies-most-ttip For businesses, the DEPA approach may be the most useful step to date in determining what needs to be done to address the growing importance of digital commerce. Consistency is key to the digital economy`s prosperity. Businesses do not want to see the promise of a digital world destroyed by the misapsedness of unilateral rules. This brief contribution deals with the controversy surrounding CETA, TTIP and TISA, in the context of the EU`s new trade strategy “Trade for All”. It looks in general at how the controversy over the EU`s global trade agreements is orchestrated and briefly examines three places of contention (economic benefits, public service delivery and sustainable development obligations). It argues that negotiators and supporters of the global trade agenda have not presented the full picture of the impact of the new generation of agreements. Furthermore, it is argued that the current organisation of the EU trade policy debate does not take into account the intrinsic political dimension of the issues at stake and omits the opportunity to facilitate a debate on the values and visions that are reflected in trade policy. The basic idea is that governments then regulate digital trade with coherent elements, since the modular provisions of the DEPA and the DEA will be adopted by other governments. These provisions could be taken into account by purely numerical agreements that could be incorporated into the ongoing negotiations on trade agreements or upgrades or help to provide specific texts as a reference in the JSI process.

Even governments that wish to make unilateral decisions could choose to align national rules with aspects of DEPA and DEA. “I think it`s a particularly bad deal and let me say why… This is not trade: trade barriers and tariffs between Europe and the United States have already been removed. These are not property rights. […] It is not about attracting foreign investment. It is about preventing the European Parliament and the US Congress from adopting rules that would protect our economy, our people, our health… It is an attempt to increase the power of businesses, to manage our economies, our societies.