TRADE UNITS IN ALL EU COUNTRIES

Trade units in all EU countries



Trade Units in all EU Countries

Introduction

The EU is a member of the World Trade Organization (WTO) since January 1st of 1995. The 27 member states (in 2007) of the Union are also members of the WTO in its own right. This paper will be discussing the trade units of all the EU countries. There are twenty seven countries that are present in European Union.

Bilateral Trade Negotiations

The EU is the main trading partner of Russia, most countries in Africa, European countries outside the EU and from 2005 also of the Republic of China, with whom transactions exceeding 100,000 million Euros a year. However, the EU has not recognized the Asian country as a market economy. Meanwhile France called for the lifting of the arms embargo with China to Europe since the events of Tiananmen Square in 1989 (Bricongne & Fontagné, 2011: 54). The EU has said it is interested in close FTAs ??with two groups. One is the Andean Community consists of Bolivia, Colombia, Ecuador, and Peru, and the other is the Central American Common Market. The EU has concluded cooperation agreements with Mexico and Chile, and is in negotiations to liberalize trade with the Mercosur .

The Lisbon Strategy

At the summit of Lisbon of March 2000, Heads of Government of the EU agreed a new strategic goal for the European Union: to become the most competitive economy in the world by2012. Since then, Parliament has passed a series of economic measures aimed at opening markets for various goods and services. However, MEPs have generally sought to moderate liberalization through measures to protect consumers, employees, environment and basic public services.

EU - Intra-EU Trade

The creation of the Single European Market has had a profound facilitation of trade between the 27 EU Member States (Portugal, Spain, France, Great Britain, Ireland, Belgium, Luxembourg, Netherlands, Germany, Denmark, Sweden, Finland, Austria, Italy, Greece, Hungary , Poland, Czech Republic, Slovak Republic, Slovenia, Estonia, Latvia, Lithuania, Malta, Cyprus, Romania, Bulgaria) on the one hand, and several new rules for trade with third countries (all countries outside the EU) associated with it (Brambor & Clark, 2006: 63). Technically, therefore, a distinction must be between the EC internal trade and external trade (trade with third countries). Trades between the EU Member States are not subject to tariffs. Likewise, the customs formalities in trade accounts, so that no customs documents are required for sending a Member State to another, provided that no goods consumption taxpayers (e.g. alcohol, tobacco, petroleum) are affected.

The Sales Tax Identification Number

The sales tax identification number (VAT) was introduced in all Member States of the EU to the proceedings in the domestic trade to simplify the sales tax area. The tax identification number comes only in trade between companies used their seat in different member countries within the EU. For deliveries to private end users and direct exports to "non-EU countries" cannot use the tax identification number to work.

Each eligible business can deduct in his home country (possibly in another EU member state) is a tax identification number. The Federal Central Tax Office collects the messages to be delivered by the companies and stores them in a database, from which they can be retrieved by ...