The European Union (EU) has established a wide network of trade agreements with countries across the globe. These agreements facilitate the exchange of goods and services between the EU and its trading partners, while also promoting economic growth and development.

With the recent changes in global trade dynamics, it is essential to examine the existing EU trade agreements. Here is a brief overview of some of the significant trade agreements:

1. EU-Canada Comprehensive Economic and Trade Agreement (CETA)

CETA, in force since September 2017, is a comprehensive trade agreement between the EU and Canada. The agreement reduces tariffs on goods and services, opens up new markets, and supports small and medium-sized enterprises.

2. EU-South Korea Free Trade Agreement (FTA)

The EU-South Korea FTA, in force since July 2011, eliminates tariffs on most goods traded between the two regions. The agreement also includes provisions on intellectual property rights, public procurement, and sustainable development.

3. EU-Japan Economic Partnership Agreement (EPA)

The EU-Japan EPA, in force since February 2019, is one of the world`s largest trade agreements. The agreement eliminates tariffs on more than 90% of goods traded between the EU and Japan. The EPA also includes provisions on non-tariff barriers, intellectual property, and sustainable development.

4. EU-Singapore Free Trade Agreement (FTA)

The EU-Singapore FTA, in force since November 2019, reduces tariffs on goods, improves market access for services, and enhances regulatory cooperation. The agreement also includes provisions on investment protection, intellectual property rights, and sustainable development.

5. EU-Mercosur Association Agreement

The EU-Mercosur Association Agreement, signed in June 2019, is a comprehensive trade agreement between the EU and the South American bloc, Mercosur. The agreement seeks to eliminate tariffs on most goods traded between the two regions, increase market access for services, and promote sustainable development.

In conclusion, the existing EU trade agreements provide a framework for increased trade and economic growth between the EU and its trading partners. These agreements not only promote the exchange of goods and services, but also include provisions on investment protection, intellectual property rights, and sustainable development. It is crucial for businesses to understand these trade agreements and leverage the opportunities they provide.