EU Trade Commissioner announce new trade agreements with Singapore, Australia and New Zealand
EU Trade Commissioner Cecilia Malmstroem announced that new trade agreements could enter into force in the near future such as the ones negotiated with Singapore, Australia and New Zealand.
"Remember that 95% new economic fabric emerges outside of Europe. Economic ties are being formed that we should not break up. We shape globalization and let it not shape us", specified Malmstroem during the European Economic Congress.
In her opinion, this will encourage the small and medium enterprises (SME) in Europe to develop further as new markets are opening. One example given by Malmstroem is the Polish SME sector who is already benefiting from CETA, reports Portal Spozywczy.
"We are implementing an agreement with Canada. Already today 59,000 places of work in Poland exist thanks to the trade with Canada. 75% Polish companies that export to Canada are small and medium enterprises, which form the basis of the European economy", said the EU official.
A few weeks ago EU has finished the negotiation with Mexico on a new agreement with Mexico and Singapore and Vietnam are the next markets to be opened for the European firms. Also, a trade agreement with Japan is expected to be signed by the end of the year. "We also work with Australia and New Zealand", explain the Trade Commissioner.
Another trade agreement negotiated between EU and Mercosur member states (Brazilia, Argentina, Paraguay and Uruguay) is heavy contested by European farmers who are considering that this could endanger their businesses.
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