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External trade
The European Union is today the leading player in international trade, ahead of the United States and Japan. At a time of strong growth in international trade it accounts for
a fifth of the world trade.
The Treaty of Rome objective was to create customs union between EU’s Member States with no trade barriers and common external tariffs on imports from third countries. Nowadays, after fifty years, almost all of those objectives are fulfilled. Trade among all Member States has no barriers, there are no tariffs and goods move freely inside European Union. Also the external trade policy of the European Union is common for all Member States. That means single jurisdiction in all trade-related matters of European Union and its 25 member states. According to the Article 133 of the European Community Treaty which is the legal basis for the EU’s trade policy, European Commission in consultation with a special committee negotiates on behalf of all member......

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Approximate Word Count: 2354
Approximate Pages: 10 (250 words per double-spaced page)

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