The European Union (EU) is one of the largest trading blocs in the world. As part of its efforts to promote trade, the EU has signed numerous trade agreements with other countries and regions around the world. These agreements are designed to reduce trade barriers and promote economic growth for all parties involved.
Here is a list of free trade agreements that the EU has signed:
1. Canada: The Comprehensive Economic and Trade Agreement (CETA) was signed between Canada and the EU in 2016. This agreement eliminates tariffs on 99% of goods traded between the two parties.
2. South Korea: The EU-South Korea Free Trade Agreement went into effect in 2011. It eliminates tariffs on 98% of goods traded between the two parties.
3. Japan: The EU-Japan Economic Partnership Agreement was signed in 2018. This agreement eliminates tariffs on 97% of goods traded between the EU and Japan.
4. Singapore: The EU-Singapore Free Trade Agreement was signed in 2018. This agreement eliminates tariffs on 84% of goods traded between the EU and Singapore.
5. Vietnam: The EU-Vietnam Free Trade Agreement was signed in 2019. It eliminates tariffs on 99% of goods traded between the EU and Vietnam.
6. Mexico: The EU-Mexico Global Agreement went into effect in 2000. It is currently being updated to include new provisions and eliminate additional trade barriers.
7. Chile: The EU-Chile Association Agreement went into effect in 2003. It eliminates tariffs on 99% of goods traded between the EU and Chile.
8. Mercosur: The EU-Mercosur Association Agreement was signed in 2019. It includes Argentina, Brazil, Paraguay, and Uruguay. This agreement eliminates tariffs on 92% of goods traded between the EU and Mercosur.
9. Eastern and Southern Africa: The EU-EAST African Community (EAC) Economic Partnership Agreement was signed in 2016. It includes Burundi, Kenya, Rwanda, Tanzania, and Uganda. This agreement eliminates tariffs on 82% of goods traded between the EU and EAC.
10. Caribbean: The EU-Caribbean Economic Partnership Agreement was signed in 2008. It includes the Caribbean Community (CARICOM) countries, as well as the Dominican Republic. This agreement eliminates tariffs on 91% of goods traded between the EU and the Caribbean.
These free trade agreements have helped to promote economic growth and increase trade between the EU and other countries and regions around the world. As a result, businesses and consumers have been able to benefit from increased trade and investment opportunities.
It is important for businesses to understand the provisions of these agreements in order to fully take advantage of their benefits. With the help of an experienced SEO copy editor, businesses can effectively create content that is optimized for search engines and provides valuable information about these agreements.
