The European Economic and Social Committee (EESC) warns against granting China market economy status (MES) and calls on the European institutions to promote fair international competition and actively defend European jobs and European values with efficient trade defence instruments (TDIs). In its opinion, adopted at its 514th plenary session on 14th July, the EESC points to the disastrous impact a possible granting of MES to China would have on Europe's industry and consequently on Europe's labour market. The EESC insists on China's fulfilment of the five EU criteria for achieving the MES.
International trade is governed by a complex mixture of global rules agreed under World Trade Organization and bilateral and multilateral agreements. The free trade agreements are having a growing impact on citizens' rights. Under the Lisbon Treaty, EU trade policy must be conducted within the framework of the principles and objectives of the Union’s external action, including promotion of the rule of law, human rights and sustainable development.
We believe that this trend should be a guiding principle in EU trade negotiations and in trade relations. The fact that we at the EESC reconcile the positions and views of business, workers, professionals, farmers, consumers and other important stakeholders contributes real added value. We are in a position to efficiently relay the opinions of civil society and interest groups to international policy-makers both during negotiations and in the implementation of trade agreements. We have set up a Follow-up Committee on International trade to ensure that civil society has a say in the shaping of EU trade policy. We are also managing the Domestic Advisory groups set up under the trade and sustainable development chapters of the EU "new generation" trade agreements. These groups, composed of civil society representatives (from inside and outside the EESC) are responsible for identifying trade and sustainable development-related problems in the implementation of a trade agreement.
Since the entry into force of the Lisbon Treaty, the investment policy is an exclusive competence of the European Union. The EU is aiming to include therefore in the new trade and investment agreements provisions on investor protection and investor to state dispute settlement (ISDS) which will replace existing Bilateral Investment Agreements (BIT) signed by Member States and will grant the same level of protection to all EU investors.
The EU acknowledges the increasing importance of including the EU and partner countries' companies in the GSCs. It is also emphasised that the current interdependence of the economies may further increase due to the recently negotiated and implemented EU trade and investment agreements, as well as negotiations at the WTO. The EESC also recommends cooperation between international organisations and other relevant stakeholders. This would include adopting a common language and common definitions of elements related to global value chains, GSCs and decent work, and comparison and assessment of the statistical data between the various stakeholders, such as the OECD, the International Labour Organisation (ILO), WTO, the European Commission, the World Bank and IFM. This should help avoid confusion and misinterpretation, and support elaboration of a coherent policy between diverse public bodies involved.
The Commission recently published a Communication on a Renewed Partnership with the ACP Group of countries. ACP-EU relations are currently governed by the Cotonou Partnership Agreement that will expire in 2020, therefore the Commission has published recommendations on what the future structure should be. Last year the EESC already drafted a general opinion on the post-Cotonou framework; this new opinion will have to answer specifically to the Commission's communication.
With discussions for TTIP now at a critical point, the EESC has published a new opinion, ‘The position of the EESC on specific key issues of the TTIP negotiations’. The own-initiative opinion assesses some key issues of the negotiations and identifies the main considerations for European civil society. This new ...
The vote for CETA in the European Parliament opens a new chapter of closer relations between Canada and the EU. There is still a bumpy road ahead, however, with ratification of the agreement needed in all EU Member States. CETA is a progressive agreement for inclusive growth that brings substantial benefits for SMEs. Business has an important role to play in promoting the agreement and providing real-life examples of its benefits. These were just some of the views expressed during the debate with Canada's ambassador to the European Union, Daniel Costello, which took place at the Employers' Group meeting on 22nd January 2017.
"An open economy and open society are key enablers of European prosperity, wellbeing and way of life" states the Helsinki Declaration on Open Europe. The declaration was signed by the EESC Employers' Group, the Confederation of Finnish Industries EK and Finland Chamber of Commerce during the conference "An open Europe – How does it benefit us all?" on 9 October in Helsinki, Finland.
The Employers' Group welcomes the Commission's new trade strategy presented today by Commissioner for Trade, Cecilia Malmström. "The European Commission listened closely to key concerns raised by Civil Society and the strategy represents a positive agenda for business" – stated Jonathan Peel, Member of the Employers' Group and the EESC rapporteur on the review of the EU Trade Policy.
The Section for External Relations of the European Economic and Social Committee discuss how to involve civil society with the EU Member States when ratifying trade agreements
Fostering international trade is beneficial for companies, consumers and employees. In 15 years' time, 90% of global demand will come from outside the EU. Therefore, establishing a simple and predictable trade policy should be a priority for the EU as one of the main factors in boosting growth and creating new jobs. The participants at the conference on the Role of international trade in the reindustrialisation of Europe discussed the future of EU trade policy, the role of FTAs and how to revive European industry through trade and investment. The conference took place in Milan on 26 October and was organised by the EESC Employers' Group, together with Confcommercio and AICE (Italian Association of Foreign Trade).