House of Lords Library

Current European Union Trade Agreements

Published Tuesday, January 30, 2018

This House of Lords Library Briefing summarises the EU's trading relationships with OECD and BRICS countries, excluding European Free Trade Association states.

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This Briefing provides summary information on the EU’s trading relationships with each country which is a member of the Organisation for Economic Cooperation and Development (OECD), and with the five BRICS countries. However, the Briefing does not include information on the trading relationship with the OECD countries who are members of the European Free Trade Association, as (with the exception of Switzerland) these form part of the European Economic Area.

The EU has a World Trade Organisation recognised ‘regional trade agreement’ with seven of these countries: four involving free trade agreements extending to goods and services; two free trade agreements focused on goods; and one a customs union (Turkey).

For each, the Briefing highlights:

  • the type of agreement in place (if any);
  • the World Trade Organisation definition of any agreement;
  • information on when agreements were signed (and, where possible, how long negotiations took);
  • some key points about the agreements or the countries’ trading relationship with the EU;
  • the status of their trading relationship; and
  • a snapshot of their trading relationship (eg trade values and types of goods imported or exported).

 

Lords Library notes LLN-2018-0012

Author: Russell Taylor

Topics: EU external relations, International trade

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