Trade and Investment
Trade must remain a priority focus of EU policy in the years to come. 90% of world economic growth is going to be generated outside of Europe over the next 10-15 years. It is essential therefore to preserve – and improve – an environment where trading rules are stable, transparent and fair. Acting on behalf of its 28 member states, the European Commission negotiates a variety of bilateral and multilateral trade and investment agreements. Our colleagues in Eurochambres are present in the EU arena to act as an effective intermediary between Chambers and their companies and the EU trade negotiators.
- Our primary focus for 2016 will be to push for an SME-friendly trade deal between the EU and the United States. The negotiations, which began in 2013, will be at a vital turning point this year, as Americans go to the polls to elect a new President. A deep and comprehensive trade agreement between the EU and US has been a top priority to date but progress will need to be made on many significant areas over the coming months.
- Additionally, the European Commission has opened negotiations with Australia and New Zealand, both of which will open new opportunities for Irish exporters.
- More recently, the Comprehensive Economic and Trade Agreement (CETA) was signed by the EU and Canada on the 30th October 2016. This will now be ratified by the European Parliament and parliaments in all 28 member states, including Ireland. CETA will remove over 99% of tariffs between the EU and Canada and will create sizeable new market opportunities for Irish business. To learn more, read our factsheet of visit the European Commission website.