The European Commission today published its second Trade and Investment Barriers Report, which describes the progress achieved in dismantling barriers to the markets of six strategic economic partners – China, India, Japan, Mercosur, Russia and the US. The report recognises some success stories in the removal of certain trade barriers, such as in India, but also underlines the overall persistence of barriers for European business to access key markets. Dismantling these barriers would improve and open up new export and investment opportunities for European companies and people. The report will be presented to the European Council on 1-2 March.
“With protectionism an ever present threat, we need to make sure that trade remains open in order to boost jobs and growth. Today’s report shows that our enforcement strategy is paying off in fighting unfair barriers to trade and investment; yet, we need to strengthen our vigilance and double our efforts in order to make sure that openness is maintained worldwide. The EU’s commitment to ensuring trade openness remains firm”, stated EU Trade Commissioner Karel De Gucht. Read more here.
Date: March 1, 2012