Trade Agreements Between the European Union and Developing Countries

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The Uruguay Round Agreements and the establishment of the World Trade Organisation, have strengthened the Multilateral Trading. At the same time, there has been more agreements in the world economy. The European Union has been major driving force behind the force of such agreements

This report evaluate and explores the complex structures of recent free trade agreements between the European Union and developing countries, the main factors determining their economic effects, and presents quantitative simulations of the effects of these agreements. Limitations of product coverage substantially reduce the potential benefits of the agreements compared to full bilateral free trade, while only the Mexico, Chile and Turkey agreements have trade related commitments which are wider and deeper than the preferential reduction in tariffs. On the other hand In the case of Egypt, existing levels of protection mean that it is moving to regional free trade with many domestic distortions still in place, producing a significant loss for the Egyptian economy

Objectives

The major purpose of this report was to explain and evaluate the market entry barrier into the European Union and the free trade relation with the developing countries that how the European Union effects the trade of developing countries and how the European Union Impose high tariffs on the developing countries.

AN EVALUATION OF EU MARKET ENTRY BARRIERS (A REVIEW OF THE RELEVANT LITERATURE)

Developing countries signs bilateral investment treaties in order to attract more foreign direct investment. In last few decades the bilateral investments treaties becomes one of the most important international legal mechanisms for the encouragement and governance of the foreign d...

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...6). Decision No 1/95 of the EC-Turkey Association Council of 22

December 1995 on implementing the final phase of the Custom's Union, Official Journal,

L.035, 13/02/1996, Brussels, European Commission.

European Community, (1998). Decision No 1/98 of the EC-Turkey Association Council of 25

February 1998 on the trade regime for agricultural products, Official Journal L.086,

20/03/1998, Brussels: European Commission.

European Council, (2000). Common Strategy of the European Council of 19th June, 2000 on the Mediterranean Region, Official Journal, L183/5, Brussels: European Commission.

McDonald, S. and T.L. Walmsley T. L., (2003). Bilateral Free Trade Agreements and customs Unions: The Impact of the EU Republic of South African Free Trade Agreement on Botswana, GTAP Working Paper No. 29 West Lafayette: Centre for Global Trade Analysis, purdue University

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