17.6 C
25 May 2022

Romania took over the presidency of the Trade Policy Committee (TPC – Deputies)

The first meeting of the Trade Policy Committee (TPC – Deputies), under the mandate of the Romanian Presidency of the Council of the European Union, was held on Friday, January 11, in Brussels.
The Trade Policy Committee is the main working format at Council level in the field of the common trade policy, on a weekly frequency. Trade policy is one of the main foreign policy instruments under the exclusive competence of the EU.

International trade is a key factor in maintaining competitiveness and ensuring the prosperity of the European Union, given the fact that more than 30 million jobs are supported by European exports. In this context, the European Union is pursuing a transparent and responsible trade policy agenda for the benefit of all its citizens, addressing the challenges and realities of the world economy that are driven by technological change.

The main objectives pursued by the Romanian Presidency within the Trade Policy Committee are to maintain and promote the EU’s role in guiding debates and negotiations on the reform / modernization of multilateral rule-based trade system under the World Trade Organization, as well as bilateral trade negotiations with a view to concluding and implementing ambitious, comprehensive and balanced trade agreements with strategic trading partners who share common values in promoting a rule-based free trade.
Seventeen TPC – Deputies meetings are planned during the Romanian Presidency.

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