EU Trade Law
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EU Trade Law

Rafael Leal-Arcas

This comprehensive book provides a thorough analytical overview of the European Union’s existing law and policy in the field of international trade. Considering the history and context of the law’s evolution, it offers an adept examination of its common commercial policy competence through the years, starting with the Treaty of Rome up until the Treaty of Lisbon, as a background for understanding the EU’s present role in the World Trade Organization (WTO) framework.
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Chapter 3: The EU in the GATTWTO

Rafael Leal-Arcas

Abstract

In the late 1990s, the EU devoted important efforts to encouraging other countries to launch a comprehensive WTO round. One of the reasons for the EU to favour a more comprehensive and broader agenda was that it believed there would be more opportunities for cross-cutting agreements among sectors. It would also facilitate progress in the negotiations themselves. However, the EU had neither the economic power nor the unity of purpose to replace the US as a leader in the world trading system. Thus, a degree of consensus was necessary between the US and the EU if a new WTO round was to be possible. The US and the EU have both become highly dependent on trade and they both had a shared interest in launching the new WTO Round at Doha.

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