As one of the world’s first truly global industries, international trade has always been a core characteristic in the fur business. EU has a number of trade agreements with countries providing important markets for fur products.
The EU is currently negotiating a trade and investment deal with the US, named the Transatlantic Trade and Investment Partnership – or simply TTIP. The negotiations have much focus on small and medium-sized enterprises (SMEs), a characteristic of the European fur sector. The objectives of the EU in this trade agreement is to:
Having sensitive trade matters at stake, the negotiations so far have led to sound criticism from different directions. For this reason, the Commission has been engaged into a circle of constant public consultations, impact assessments and comprehensive explanations about almost every aspect of the deal online.
The Comprehensive Trade and Economic Agreement (CETA) is a freshly negotiated EU-Canada treaty. The objective of this agreement is to remove customs duties, end limitations in access to public contracts, open-up services’ market, offer predictable conditions for investors and help prevent illegal copying of EU innovations and traditional products. The CETA negotiations have concluded, but the text of the agreement is not yet binding under international law and will only become so after a legal review and the completion of the ratification process.
Link to the European Commission’s information site on CETA [External link]
The EU-Japan Free Trade Agreement negotiations were officially launched in 2013. During the negotiations, a number of EU concerns were addressed, including the non-tariff barriers which European companies encounter in Japan and the further opening of the Japanese public procurement market.
At the 16th EU-China Summit on 21 November 2013, both China and the EU announced the launch of negotiations of a Comprehensive EU-China Investment Agreement. The Agreement will provide for progressive liberalisation of investments and the elimination of restrictions for investors to each other’s market. It will provide a simpler and more secure legal framework to investors from both sides by securing predictable long-term access to EU and Chinese markets respectively. The negotiations are ongoing.