Eu Myanmar Free Trade Agreement

Uncategorized Dec 8

The EU supports an ambitious investment protection agreement, which will allow investors to benefit from improved legal security and encourage responsible EU investment to contribute to Myanmar`s sustainable development. Negotiations were suspended in 2017 because negotiations cannot be isolated from the wider context, particularly the EU`s serious human rights concerns. The Joint Declaration on Cooperation (JDC) deals with cooperation on trade-related issues, such as the exchange of information on trade in goods and services, customs and origin issues, technical barriers to trade, intellectual property rights, public procurement, competition, trade and sustainable development. The GSP regulation provides that trade preferences may be suspended in the event of a “serious and systematic violation of principles” set out in the Human Rights and Workers` Rights Conventions listed in Schedule VIII of the Regulation. Fact sheets, Vietnamese trade in your city, texts of agreements, reports of exporters completely resilient, exports to EU regions, fact sheets, aid to exporters The European Commission reports annually on the implementation of its main trade agreements in the previous calendar year. The EU has trade agreements with these countries/regions, but both sides are now negotiating an update. For EFTA-Myanmar trade statistics, see EFTA`s trade statistics tool Since 2011, the EU has gradually reintegrated with Myanmar, including in its trade and investment relations. Myanmar has been a member of the WTO since 1995 and, as the least developed country, enjoys the EU`s “Everything but Arms” regime, which grants duty-free and quota-free access to all exports, with the exception of arms and ammunition to the EU. The EU GSP Regulation allows vulnerable developing countries to pay less or no tariffs on exports to the EU, allowing them vital access to the EU market and contributing to their growth. The EBA regime is an arm of the GSP that allows UN-defined countries of the world to enter the EU duty- and quota-free for all products (except arms and ammunition). An impact study on sustainable development completed the negotiations.

This allowed us to assess the potential economic, social, environmental and human rights impact of the future agreement. The EU works closely with ASEAN as a whole. For example, the EU-ASEAN Trade and Investment Work Programme outlines measures to bring the two regions closer together and includes regular discussions between ministers and senior officials on trade and investment. Myanmar benefits greatly from its preferential access to the EU market under the EBA. Duty-free exports rose from EUR 573 million in 2015 to EUR 2.8 billion in 2019. The main exports (estimated in 2019) to the EU are textiles (over 2.2 billion euros), footwear (176 million euros), rice (153 million euros) and precious stones (72 million euros). Negotiated agreement, meetings, fact sheets, circular reports published in November 2020, preceded by the preface of dg Commerce Director-General Sabine Weyand (other languages), provides an overview of the results of 2019 and the work under way on the 36 main EU preferential trade agreements.

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