Government TPR |
WT/TPR/G/395 |
G-1§4 |
European Union |
2020 |
Trade Policy Framework |
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1.4. EU trade policy stays firmly grounded in universal fundamental rights and values – like promoting ambitious climate change mitigation, protecting the environment and guaranteeing food safety and security as well as the protection and promotion of labour rights. It does so by also actively promoting the mutual supportiveness between EU trade policy and the multilateral governance on such issues in the United Nations and the International Labour Organisation context. (...) EU trade policy therefore is consistent with its wider foreign policy objectives – that are to pursue a policy that benefits society as a whole – and promotes European and universal standards and values alongside core economic interests, putting a greater emphasis on sustainable development, human rights, consumer protection, and responsible and fair trade.
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Keywords
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Climate
Environment
Sustainable
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Government TPR |
WT/TPR/G/395 |
G-3§15 |
European Union |
2020 |
Trade Policy Framework |
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3.15. The Capital Markets Union is essential for making the Economic and Monetary Union and the EU Member States' economies more resilient, safeguard financial stability, strengthen the international role of the euro and create new opportunities for businesses and investors across the Single Market. (...) In promoting the reorientation of capital flows to more sustainable economic activities, the Capital Markets Union will contribute to achieving the Sustainable Development Goals as well as the objectives of the Paris Agreement on Climate Change.
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Government TPR |
WT/TPR/G/395 |
G-3§37 |
European Union |
2020 |
Trade Policy Framework |
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3.37. The EU Environment Action Programme provides strategic guidance and ensures predictable and coordinated action for Europe's environment and climate policy. The 7th Environment Action Programme ("7th EAP") entered into force in 2014 and runs until the end of 2020. The 7th EAP has been a crucial governance tool, with strong links to national environment strategies and has led to more coherent and effective policy-making. The findings from the 7th EAP Evaluation will inform future decisions about a successor environment action programme.
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Government TPR |
WT/TPR/G/395 |
G-3§41 |
European Union |
2020 |
Trade Policy Framework |
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3.41. The EU has put climate action as a central policy objective. The EU is on track to keep its 2020 greenhouse gas emissions well below the target and finalised the legislative framework to deliver on its objectives for 2030. This should allow the EU to adopt an ambitious long-term strategy, striving for climate neutrality in line with the Paris Agreement and confirming Europe's commitment to lead in global climate action to the UNFCCC by 2020. Transitioning to a low greenhouse gas emission, resource efficient, and climate resilient economy will require a transformative effort demanding a fundamental shift in technologies, energy systems, business and investment behaviour, and ultimately, in society as a whole.
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Keywords
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Climate
Emissions
Energy
Green
MEAs
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Government TPR |
WT/TPR/G/395 |
G-3§43 |
European Union |
2020 |
Trade Policy Framework |
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3.43. A transparent and dynamic governance process has been developed to help deliver the Energy Union, including the 2030 climate and energy targets, in an efficient and coherent manner. This approach for the period up to 2030 helps ensure regulatory certainty for investors and coordinate EU Member States' efforts.
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Keywords
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Government TPR |
WT/TPR/G/395 |
G-4§18 |
European Union |
2020 |
Trade Policy Framework |
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4.17. (...) On 21 September 2017, the Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada entered into provisional application (...) In February 2019, the EU-Japan Economic Partnership Agreement (the EU-Japan EPA) entered into force.
4.18. The two agreements are new generation free trade agreements. They go beyond trade in goods and services; they cover also intellectual property, investments, government procurement, customs and trade facilitation, competition, regulatory cooperation, trade and sustainable development. (...)
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Keywords
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Government TPR |
WT/TPR/G/395 |
G-4§20 |
European Union |
2020 |
Trade Policy Framework |
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4.20. The Court of Justice confirmed in its opinion 2/15 on the EU-Singapore Free Trade Agreement that the majority of areas covered by this FTA (ranging from trade in goods, to services, to public procurement or sustainable development) fall under the exclusive competence of the EU. (...)
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Keywords
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Government TPR |
WT/TPR/G/395 |
G-4§31 |
European Union |
2020 |
Trade Policy Framework |
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4.31. The EU Treaties require that the EU's external action promote the principles and international values upon which the European Union is founded, including sustainable development, democracy, the rule of law, and respect for fundamental rights. This is done in a positive, incentive-based way and at different levels.
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Keywords
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Government TPR |
WT/TPR/G/395 |
G-4§32 |
European Union |
2020 |
Trade Policy Framework |
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4.32. At multilateral level and as a WTO Member, the EU is an active player in the WTO negotiations on fisheries subsidies and in the WTO Committee on Trade and Development. It also is actively involved in the work of the WTO Committee on Trade and Environment and supports efforts to liberalise trade in environmental goods and services.
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Keywords
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Government TPR |
WT/TPR/G/395 |
G-4§33 |
European Union |
2020 |
Trade Policy Framework |
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4.33. At bilateral level, the EU promotes labour and environmental considerations in its trade agreements through dedicated chapters on trade and sustainable development (TSD). Bilateral agreements under implementation that contain such chapters include those with Canada, Central America, Colombia, Ecuador and Peru, Georgia, Moldova, South Korea and Ukraine. Also, the recently signed agreements with Japan, Mexico, Singapore and Vietnam have a TSD chapter, as does the recently concluded agreement with Mercosur. TSD chapters include commitments to ratify and effectively implement fundamental International Labour Organization conventions and Multilateral Environmental Agreements. The chapters also contain specific provisions on the conservation and sustainable management of natural resources (e.g. timber, fish and wildlife) and the promotion of practices favouring sustainable development and responsible business practices. They also aim to prevent the risk of a race to the bottom, by prohibiting derogations from or lack of enforcement of domestic environmental or labour laws in order to encourage trade and investment.
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Keywords
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Conservation
Environment
MEAs
Natural resources
Sustainable
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