For many years, the European Union has strived to become the most competitive economy in the world, which ultimately succeeded in doing. One important reason for this achievement is the common foreign trade policy that the EU applies to third countries.
This is a policy that is in the domain of the European Commission, more precisely the Directorate-General for Trade. Many actors are involved in shaping this policy, so harmonization, clear definition and coordination in different areas are even more necessary. The EU's common foreign trade policy ensures a fair-trade environment for both individuals and EU companies when they are doing business with countries outside the EU. Trade agreements are an important instrument in trade with third countries, as they speed up the trade process and provide access to foreign markets. In addition, we are aware of other instruments of this policy, such as anti-dumping measures, anti-subsidy measures, third-country monitoring and other trade measures by which the EU seeks to ensure fair international trade and competitiveness.
The EU's common foreign trade policy is one of the main actors in shaping the trading system and works with the World Trade Organization. It helps developing countries, especially by allowing them to export their products to the EU duty-free.
With the accession to the EU, Slovenia adopted a common EU foreign trade policy, which brought it many new opportunities for trade. In the bachelor thesis I used data collected with the help of primary and secondary sources.
I examined the professional literature that provides theoretical knowledge in the field of foreign trade policy and I used a descriptive approach as I presented its characteristics. I believe that the research and its results would be a good basis for further research.
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