However, Estonia`s interest and contribution to the EU`s common trade policy is more important than a simple list of business export applications. Given the opening up of the Estonian economy (trade volume is close to 75% of GDP compared to the EU average of 45%) It is in Estonia`s interest, with liberal trade, and its voice deserves to be heard in the EU`s common trade policy, which aims above all to open markets and increase exports and competition parties. Together with the Ministry of Foreign Affairs, the Ministry of Economy and Communications and the Ministry of Rural Affairs, we want to exert influence in the Committee on Trade Policy and other forms in which Member States lead the Commission`s work and shape EU policies. The question is: what are the chances of an EU country developing a common trade policy? Answer: a pretty good one. It is understandable that the Member States have not simply given the Commission an important area of action to act as they see fit. The Commission cannot open or conclude trade negotiations without the agreement of the Member States; Today, the European Parliament also plays an important role as a power of co-decision. In addition, Member States will also lead the Commission in the negotiations. Before starting negotiations, the Commission will report to Member States on its plans and tactics, adopt a mandate and report on the results at a later date. In this way, Member States will have an overview of the progress of the negotiations and the possibility of influencing things in the desired direction, even if the Commission is alone at the negotiating table on the EU side. At the multilateral level, Estonia is actively involved in WTO trade negotiations under the Doha Development Agenda. A number of areas of importance to the Estonian economy will be discussed in these negotiations. Given that services account for about two-thirds of Estonia`s GDP, discussions on trade in services deserve special attention from Estonia`s point of view. Traditionally a proponent of an open economy, Estonia also supports further multilateral liberalization of trade in industrial and agricultural products.
New themes, such as trade and investment, trade and competition and trade facilitation, are also an integral part of the agenda. Recognizing the importance of developing countries` active participation in the Doha agenda talks and in the spirit of the international community`s efforts to support this support, Estonia has also contributed to the Doha Development Agenda Global Trust Fund, established under the auspices of the WTO. However, it was not a bad day for Estonian trade policy and for Estonian entrepreneurs and consumers. Almost overnight, we were involved in a much larger and more global game than was within our reach. Firstly, one of the most powerful trade negotiation teams in the world, led by the European Commissioner for Trade and supported by the European Commission`s Directorate-General for Trade, has begun to work on our behalf. Perhaps the US government is the only one that can simultaneously conduct several full bilateral and multilateral trade negotiations, as the EU does. As a result, the EU has the world`s largest network of bilateral trade agreements (41 covering 72 countries) and also plays a leading role in multilateral trade negotiations within the WTO. On the other hand, Estonia has been part of a market of 500 million consumers, integrated into many global supply chains. In a figurative sense, everyone is acting with us so that no one can ignore the EU as a trading bloc.