7-8 JUNE 2017 / Tour & Taxis / Brussels

Trade and fair globalisation

Globalisation has created developmental opportunities for countries through diffusing technology, widening markets for goods and services, expanding investment, and internationalising businesses and business processes. Fair flobalisation has to do with harnessing the benefits of globalisation, while promoting sustainable economic and social development.

The EU has a strong record in opening its markets to least developed countries, and will continue to promote trade as a key driver of growth and poverty reduction in developing countries.

In line with the European Commission's proposal on a new Consensus on Development, and with the Trade for All Communication, the EU and its Member States will support their trading partners to fulfil their commitment under the Addis Ababa Action Agenda: to integrate sustainable development at all levels of trade policy and to achieve progress in a broad range of Sustainable Development Goals.

The EU and its Member States will coordinate development cooperation programmes with trade policy tools, in support of partner countries' capacity to benefit from them. They will combine the skills and resources of the private sector with supportive trade policies and instruments, Aid for Trade and economic diplomacy, which will promote inclusive and sustainable economic growth, and help third countries adopt growth models that take account of resource scarcity and climate change action.

Aid for Trade can materialise trade's potential for supporting sustainable trade (fair and ethical trade, responsible management of supply chains, inclusive business models, gender, human and labour rights, environment and climate change) and continue to address important and more traditional trade-related matters (trade policy, trade facilitation, and sanitary and phytosanitary measures).

Aid for Trade, and more particularly Trade-Related Assistance, can help partner countries take advantage of opportunities created by unilateral, bilateral or multilateral trade openings; it is an important tool to facilitate trade reforms, improve the business environment, support regional integration and provide opportunities to integrate into global value chains (GVCs).

International rules, standards and regulations make GVC-related transactions easier and foreign direct investment, which tends to be very sensitive to policy barriers and red tape, is a key vehicle of GVC participation. Efficient services play a pivotal role in facilitating GVC participation and in transforming it into more beneficial forms through process or product upgrading. Export competitiveness is inextricably linked to having access to competitively priced intermediate imports.

Related sessions

Trade and fair globalisation
auditorium A2
8 June
11:00 to 12:30
Trade and fair globalisation
debate D3
7 June
16:15 to 17:30
Trade and fair globalisation
debate D3
8 June
15:15 to 16:30
Trade and fair globalisation
project S1
8 June
09:00 to 10:15
Trade and fair globalisation
brainstorming B2
8 June
13:30 to 14:45
Trade and fair globalisation
stand
Trade and fair globalisation
stand