Net trade in goods and services (BoP, current US$)
4 stars based on
Goods and services produced in the EU are traded around the globe but their trade can be affected by various aspects of trade policy, such as import tariffs, regulation or discrimination against foreign suppliers. Goods and services are increasingly linked together. Having access to services is a prerequisite for economic performance of many manufactured products.
For example, producers and exporters of textiles, cars or computers cannot be competitive without access to efficient banking, insurance, accountancy, telecom or transport system. And the purchase of many products nowadays often comes with a service component. The rise of cloud computing means that technical infrastructure, platforms and software are increasingly provided as services on a global basis.
What used to be hardware installed at the premises of a company is becoming a service provided cross-border, demonstrating how services can substitute goods in certain cases. The European Commission works in close cooperation with Member States and business through the Market Access Strategy to make sure that trade opportunities created through multilateral and bilateral negotiations trading of goods and services translated into real market access for European exporters.
It consists of two instruments:. The Market Access Partnership is designed to identify and remove the specific obstacles that EU companies face in foreign markets. The European Commission closely cooperates with Member States and business to that end.
This Market Access Partnership has already delivered a number of success storieslifting barriers in many countries. The Market Access Database is an interactive, free online service with information for more than countries on:. The Market Access Strategy pays particular attention to the needs of SMEs who want to export to or invest in third countries. The EU wants to free up global trade in goods and services both through the WTO negotiations and through bilateral and regional trade agreements.
The EU has proposed to reduce tariff protection world-wide by applying a formula for tariff reduction and by selecting certain sectors for full tariff elimination. However, so far no agreement has been found in WTO, partly because of disagreement on the contribution emerging countries would have to make to tariff reduction. More information on the ITA and its update. In addition, the European Commission has asked the Council to give its green light for negotiations on a new plurilateral agreement on trade in services.
A number of the EU's bilateral trade agreements have included a significant liberalisation trading of goods and services trade in goods as well as provisions covering non-tariff barriers and trade in services. The EU continues to negotiate ambitious provisions to improve access trading of goods and services goods and services markets with several regions and countries including:. European Commission Directorate-General for Trade.
Language selector Current language: Website content Goods and services. The EU's market access strategy The European Commission works in close cooperation with Member States and business through the Market Access Strategy to make sure that trade opportunities created through multilateral and bilateral negotiations are translated into real market access for European exporters.
It consists of two instruments: The Partnership is made up of: The Market Access Advisory Committee which brings together the Commission, Member States and business representatives once per month in Brussels to exchange information and develop strategies on how to remove barriers. This trading of goods and services a sort of steering committee for the Market Access Strategy.
The Working Groups examine trade barriers in specific sectors. They pool the technical expertise of representatives from the Trading of goods and services, Member States and business and meet on an ad hoc basis in Brussels.
The Market Access Database is an interactive, free online service with information for more than countries on: The WTO's General Agreement on Trade in Services aims at ensuring increased transparency and predictability of relevant rules and regulations, and promoting progressive liberalisation of international trade in services through successive rounds of negotiation.
Factsheet on santiary and phytosanitary measures Factsheet trading of goods and services technical barriers to trade.