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EU's Influence On Trade - Essay Example

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This essay "EU's Influence On Trade" discusses how for instance democracy should be upheld, stable institutions, respect for human rights, and rule of law…
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EUs Influence On Trade
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Download file to see previous pages Citizens of these countries are allowed to move freely hence able to provide their services in any of the member states without any restrictions.
However, there are a number of legislations that impede trading between European Union members and nonmember states (Federation of American Scientists). There are requirements provided by the EU which affects the rights to trade for member states. For instance, democracy should be upheld, stable institutions, respect for human rights, and rule of law. The country must be able to cope with market forces and competition existing within the union.
The union members are also to observe environmental issues before trading. Furthermore, as a contribution to a sustainable environment, EU members have to observe certain guidelines before trading with other nonmember countries. If these countries do not meet the requirements then there will be no trading between the countries. In support of a reduction in greenhouse gas emission EU ensures special tariff rates for countries that have ratified global environmental agreements (Europa). In addition, there are a number of criteria that have to be observed by EU countries before issuing trading licenses to nonmember countries. These criteria to a greater extend impede trading. They include abiding by international commitments such as sanctions, respect for human rights and national security of nations, etc.
There have been efforts by the European Union to ensure that third countries develop democratic parliamentary institutions. Respect for fundamental rights and democratic principles are laid down as “essential element to all the agreements reached upon by the respective governments
(European Commission). As much as these principles are essential in addressing pertinent issues in society it hinders trade between nations. ...Download file to see next pages Read More
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