The External Economic Relations of the EU.

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The External Economic Relations of the EU

Introduction

Foreign policy in the defence and security fields has always been jealously guarded preserve of national sovereignty in the EU. Even with the development of foreign policy cooperation and now security and defence policy, the EU's role in this field is extremely limited. The differing interests and views of Member States make it difficult to achieve a common policy, it has proved difficult to even adopt and maintain common positions. The presence of neutral states in the EU adds to the complications of actions in this field. So the one area of foreign policy where the EU does power is external economic relations.

The reasons for the Common Commercial policy:

* A single market requires a:

* Common External Tariff: otherwise trade checks would need to remain in place to prevent trade deflection, the routing of goods through low tariff countries to avoid high tariffs.

* Common Commercial Policy: the rules governing trade policy must be the same across the EU, requirements with regard to non-tariff barriers have to be harmonised and preferential trade agreements have to be common.

* Bargaining power: The EU can