Expectations for the future of the EU trade and customs policy: what should be known to practitioners?
The article analyses new strategic document of the EU’s Commission (presented to the public in February, 2021, and currently discussed in other EU institutions) called “Trade Policy Review -
An Open, Sustainable and Assertive Trade Policy”. This document (strategy) aims to establish a new consensus for trade policy in the EU and sets new core objectives for the regulation of trade and customs issues with specific third countries. Taking into account this aspect, this article summarizes and critically evaluates the provisions of the new strategy designed to regulate trade with the EU's main foreign trade partners (United States, China, Russia, India, other countries of the BRICS region) and describes the significance of the strategy for international trade business and its taxation.
Dr. Gediminas Valantiejus