The European Union's Effect On the World Trade Organization
The European Union is an international organization that was created after the second World War due to France's proposal for a "concrete foundation of a European Federation." Belgium, Germany, France, Italy, Luxemburg, and the Netherlands were the initial members of the European Union when it was launched on May 9, 1950. The EU currently has 15 Member States, and is preparing for the joining of 13 more eastern and southern European countries. The European Union is an organization quite unlike all other international organizations in that all of its decisions are made fairly on matters of joint interest through equal representation. Member States choose to help institutions that represent the Union as a whole.
Since its creation, the European Union has provided many important services that have greatly strengthened and developed European nations. For over half a century, the EU has ensured stability, peace, and social and economic prosperity through means of funding and support.
It has built an internal market, launched the euro, and raised the standard of living in Europe. There are four principle objectives of that the European Union strives for. First, the European Union works to ensure freedom, security, and justice for its citizens. The EU also promotes economic and social progress in Europe. Another main job of the European Union is to establish European citizenship and the rights and freedoms it provides.
Lastly, the EU works hard to assert Europe's role in the world. One of the most pressing concerns of the European Union is often overlooked, however. The European Union is very much interested in updating and improving the World Trade Organization. These improvements would have a tremendous effect on the lesser developed nations in Europe. The European Union has four main goals in developing a new trade round. The first goal is to liberalize access to goods and services within the WTO market.
To achieve liberalization, WTO members must be open to negotiations that will give more access to lesser developed countries. The second matter at hand is updating the World Trade Organizations rules. It is crucial that the European Union help to update and improve the rules so that they will be compatible for the 21 st century. The WTO is planning on facilitating trade and preventing discrimination by updating its rules. The third priority of the European Union is to promote a development agenda for the lesser developed countries. The EU and the US must take the lead in helping developing countries to expand their economies and give them the benefits that come with multilateral liberalization.
The European Union will work with organizations such as the World Bank and the United Nations Conference on Trade and Development (UNCTAD) in order to be more inclusive so that smaller developing countries can participate more fully. The last focus of the EU's trade goals is to address issues of public concern. The European Union will promote clarity in areas of past ambiguity. The rules of these areas are now being determined and defined by panels and litigation. The goal is to bring certainty and predictability into the system and to prevent any discrimination.
The European Union's determination to improve and update the World Trade Organization shows that the EU is one of the most solid and well-intentioned organizations around today. The European Union has allowed Europe to take great strides through economic and social progress, and it will continue to provide for and strengthen European nations and their citizens for many years to come.