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6/16/2020, 12:50 PM (Source: TeleTrader)
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EU Commission begins major trade policy review

The European Commission started on Tuesday a major review of the European Union's trade policy, opening public consultations with all interesting parties including the European Parliament and all EU member states to reach a consensus on a medium-term direction for the EU trade policy.

"Open and rules-based trade will contribute significantly to the global recovery," insisted European Commission Vice-President Valdis Dombrovskis, adding that the Commission "launched a trade policy review to adjust the EU's approach to the global trade at this critical moment for the global economy."

The final review, expected to be published by the end of the year, will cover all topics relevant to the EU trade policy, including a reform of the World Trade Organization and creating opportunities for small and medium businesses.

Breaking the News / ND