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International Trade

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EP own-initiative report on the Trade Policy Strategy

The European Parliament will draft an own-initiative report on the review of the Trade Policy Strategy. Tiziana Beghin (EFDD, IT) – will present the draft report to the INTA committee at the end of March.

Initial discussions have already taken place on the basis of a working document which reflects the priorities of her report. The document mentioned the importance of global value chain must contribute to sustained and sustainable growth, in Europe and beyond. She also highlighted the need of correctly implementing trade agreements to avoid market access barriers and criticised the lack of resources allocated to DG trade.

Most of the political groups agree that the document is a good basis to draft the EP report. Some green and left MEPs were more critical such as Yannick Jadot (Greens/EFA, FR) who stressed that the EU must rethink global trade rules because of global value chains, mentioning the collapse of the Rana Plaza to support his claims. David Martin (S&D, UK) also stressed the importance of due diligence in the context of global value chain.

The review of the Trade Policy Strategy has created a lot of expectations among MEPs and no fewer than five committees have decided to give their opinion (AFET, DEVE, EMPL, ITRE and IMCO).

The INTA committee intends to vote on the report in May. 

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