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The Open Trade Coalition Calls for Bold EU Trade Policies

A coalition of 43 business associations, known as the Open Trade Coalition, is once again calling for the European Union to adopt an ambitious and open trade policy.

Formed in July of this year, the coalition has rapidly expanded and now includes a broad spectrum of associations across multiple industries. They share a common belief: trade openness is critical for the EU to remain competitive, prosperous, and resilient in an increasingly challenging global landscape.

As the European Parliament prepares for the confirmation hearings of the new European Commissioners, the coalition is urging that trade liberalization must be a priority for the next five years.

The Economic Significance of Trade for the EU

Trade is a cornerstone of the European economy. According to the Open Trade Coalition, 1 in 5 jobs in the EU is tied to exports. Trade openness has a direct impact on economic growth, job creation, and foreign investment. It also drives innovation, giving consumers access to a wider variety of products.

Moreover, diversifying trade flows strengthens the EU’s ability to navigate and recover from economic shocks or crises, enhancing its resilience. This is particularly relevant as the world faces ongoing challenges such as supply chain disruptions, energy crises, and geopolitical tensions. A robust trade policy is critical to safeguard the EU’s standing in the global market.

Key Policy Recommendations

In its updated Declaration, the Open Trade Coalition lays out several policy proposals aimed at securing the EU's economic future. These include:

  • Implementing existing trade agreements: The coalition emphasizes the need to quickly adopt and implement trade agreements that have already been negotiated, but are awaiting finalization.F
  • Finalizing ongoing trade negotiations: With trade talks underway with key partners around the world, the coalition stresses the importance of reaching swift conclusions to these negotiations.
  • Reducing trade barriers: They call for an agenda focused on eliminating market access barriers to ensure EU businesses have equal opportunities abroad.

The coalition also highlights the need for a fair and predictable trading environment, one that is reinforced by a commitment to multilateralism. It further advocates for stronger trade diplomacy to enhance the EU’s presence and competitiveness in international markets.

The Role of the Wine Industry

Among the key members of the Open Trade Coalition is the Comité Européen des Entreprises Vins (CEEV), which represents the interests of EU wine producers. CEEV is a powerful voice within the coalition, bringing together 25 national wine organizations that account for over 90% of European wine exports.

The wine industry, known for its high-quality geographical indications, relies heavily on open markets to maintain its global reach. The CEEV’s participation underscores the significance of international trade for sectors that are dependent on exports to thrive.

The Future of EU Trade Policy

The coalition’s call comes at a pivotal moment. As the European Union transitions to a new set of Commissioners, these officials will shape the future of the EU's trade relationships. The Open Trade Coalition is urging decision-makers to seize the opportunity and make trade openness a central focus for the coming five years. In a world of increasing competition and geopolitical complexity, a dynamic and open trade policy is seen as the key to ensuring that Europe remains a global leader in innovation, economic growth, and resilience.

The next steps in EU trade policy will be decisive, not just for the wine industry, but for all sectors that depend on the EU’s ability to engage and compete in a globalized world. As the EU looks ahead, the coalition's message is clear: trade openness must be prioritized to secure long-term prosperity.

Source: Vinetur

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