Page 5 - Economy_Fair Trade International Trade
P. 5
5
Introduction to the topic
The EU Trade Policy aims in increasing sustainable growth and creating jobs. The EU perform trade relation
and operations through trade agreements and aims to make sure that traded products are sold at fair and
equitable prices. The main purpose is the protection of EU producers from harm ad tackle unfair
competition by companies such as dumping and subsidization.
The European Commission and European Parliament address the development of practices and policies for
different areas and sectors. Regarding fair trade practices, the EU Cities for Fair and Ethical Trade Award,
initiative of the European Commission’s Directorate-General for Trade. The initiative awards those cities,
which promote sustainable trade, consumption and production, and create opportunities for producers
(EU, 2020).
