Trade Commissioner Phil Hogan joined the members of the European Committee of the Regions' (CoR) commission for economic policy (ECON) on 2 March to discuss the opportunities and obstacles of implementing EU Free Trade Agreements (FTAs) on local and regional level. The ECON members also adopted their recommendations on the implementation of FTAs, the budgetary instrument for convergence and competitiveness and the service package.
EU trade agreements with third countries cover more than 70 markets and approximately 41% of EU trade in goods worldwide. Currently about 36 million jobs in the EU depend on exports to the rest of the world. Despite the important potential that trade continues to deliver in terms of growth, employment, job creation and investment in the EU, more needs to be done to increase the uptake of Free Trade Agreements (FTAs) on the ground. (...)
EU trade agreements with third countries cover more than 70 markets and approximately 41% of EU trade in goods worldwide. Currently about 36 million jobs in the EU depend on exports to the rest of the world. Despite the important potential that trade continues to deliver in terms of growth, employment, job creation and investment in the EU, more needs to be done to increase the uptake of Free Trade Agreements (FTAs) on the ground. (...)
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