Leadership in the Global Economy

The EU has always been a strong advocate of free trade. EU customs duties on industrialized goods are among the lowest in the world. The EU's capacity to play a leadership role in global negotiations to liberalize world trade over the last thirty years has been crucially shaped by its common commercial policy. The Treaty of Rome required member states to adopt common tariffs, liberalization, export promotion, and trade policies.
World Trade Organization (WTO)
The EU is a key participant in the WTO. …