- Trade topics
- Support for developing countries
The aim of the EU's trade and development policy is outlined in the trade, growth and development communication. The EU wants to help the world's least-developed countries (LDCs) and others to boost their production, diversify their economy and infrastructure, and improve their governance.
The EU's trade and development policy emphasises that these countries should have ownership of their own development strategies. They need to implement sound domestic policies and make necessary domestic reforms to stimulate trade and investment, ensure that the poor benefit from trade-led growth, and make sure their development is for the long term.
EU trade and development policy
The EU's aim is to use the following trade and development policies for the benefit of developing countries, particularly for LDCs and other countries most in need:
Economic Partnership Agreements (EPAs) and other trade agreements with developing countries
The EU has boosted its bilateral and regional relations with developing countries.
Most African, Caribbean and Pacific (ACP) countries implement or have signed Economic Partnership Agreements with the EU.
The EU has also launched a series of other trade agreements with other developing countries in Asia, Latin America, Europe's Eastern neighbourhood and the Southern Mediterranean.
The EU looks at 'behind-the-border issues' such as technical, social and environmental matters when creating such types of agreements, with a view to making trade policy contribute to the development of those countries or regions.
Generalised Scheme of Preferences (GSP)
The EU's GSP preferential trade scheme entered into force in January 2014. It increases the focus of EU unilateral preferences on developing countries most in need in sectors where they need them.
Aid for Trade
The EU provides Aid for Trade (AfT) assistance to support partner countries' efforts to develop and expand their trade as a way to grow their country and reduce poverty.
This can include support for building new transport, energy or telecommunications infrastructure, and investments in agriculture, fisheries and services.
Help for exporters from developing countries
The EU's Access to markets portal supports small traders in developing countries by helping them access the EU market, and provides information on EU rules and regulations.
The International Trade Center (ITC) supports several development projects across the world.
The ITC's Standards Map provides information on standards, codes of conduct and audit protocols for international trade.
The Small Traders Capacity Building Programme supports developing countries in administration, training, and information on tariffs, trade flows, standards, etc.
More on Development
- Press release on Trade, Growth & Development
- Memo: EU highlights trade-led growth as central to modern development agenda
- Communication: Trade, growth and development
- Staff Working Paper
- Council conclusions on EU approach to trade, growth and development in the next decade (16 March 2012)
- Study on Development Aspects of International Trade and Trade Policy