The long-awaited new EU Trade Policy comes with some interesting suggestions on how to better include sustainability dimensions whilst preserving European economic resilience. However, it does not provide enough details on how these commitments will translate into operational solutions.
The review shows that the EU intends to reinforce the environmental dimension of trade agreements, by including for example the respect of the Paris Agreement as an essential element of future trade deals. amfori welcomes the effort but is calling for clear commitments to use FTAs as an opportunity to raise ambition in the trading partners’ Nationally Determined Contributions in the Paris agreement.
Similarly, we support the Commission’s intention to strengthen the enforcement and implementation of countries’ TSD commitments, and the commitments within the GSP. We also call upon the EU to develop preferential trading opportunities for circular products and services.
amfori is disappointed to see little emphasis on gender equality but encouraged to see that mandatory human rights due diligence is reiterated – and we offer our assistance with its implementation.
Finally, the Commission’s initiative to harmonise rules of origin is a vindication of our continued calls for action in this regard.