Ommon Commercial Policy ECC _ European trade

Assignment questions:

The EU has a common trade policy Common Commercial PolicyECC:Trad Issues.

a. Carefully explain and assess the implications of this statement in relation to EUs trade relations with the rest of the world. 20%

b. In December 2005, the EU Commission announced that it would be phasing-out all export subsidies currentyl granted to exporters in the European Union.
Critically discuss the likely implications for EU exports of the phasing-out of export subsidies. 60%

c. Assess the significance of these terms of sale: Ex-Works, free on board(FOB) and Delivered Duty Paid (DDP) in international trade. 20%