The EU’s FTAs vary substantially, depending on partners and policy priorities.
Trade agreements are about more than reducing barriers to commerce.
Historically, they have served as a policy instrument to strengthen bilateral ties
between partners and can also be used to promote policy principles or values.
“New generation trade agreements” with new challenges: New generation trade
accords go beyond traditional tariff reductions, including issues like services
trade, intellectual property or investment. This reflects the rise of global value
chains and multilateral disciplines in some areas being less advanced.
Arguably, these issues are particularly relevant for the EU but the new type of
trade accords also come with new challenges.