Leadership in the Global Economy.

Leadership in the Global Economy The EU has always been a strong advocate of free trade. EU customs duties on industrialized goods are among the lowest in the world. The EU's capacity to play a leadership role in global negotiations to liberalize world trade over the last thirty years has been crucially shaped by its common commercial policy. The Treaty of Rome required member states to adopt common tariffs, liberalization, export promotion, and trade policies. …

…esenting only 0.4 per cent of EU assets in the world. Conclusion: The European union's external relations are global and diverse, encompassing both the Common Foreign and Security Policy and Community aspects such as competition the environment, justice and home affairs and consumer protection. The commission's role is to promote an effective, consistent and coherent external relations policy for the European Union, so as to enable the EU to assert its identity on the international scene.