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(p. 214) 15. EU External Relations 

(p. 214) 15. EU External Relations
(p. 214) 15. EU External Relations

Michael Smith

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date: 19 April 2021

This chapter examines the external economic relations of the European Union. It begins with a discussion of institutions and policy-making in external economic relations, focusing in particular on the Common Commercial Policy (CCP). Established by the Treaty of Rome and fully implemented in the late 1960s, the CCP is the means by which the EU manages the complex range of partnerships, negotiations, agreements, and disputes that emerge through the operation of the customs union and the single market. The chapter proceeds by exploring two areas of mixed competence, in which policy responsibility is shared between the EU institutions and national governments: development assistance policy and international monetary policy. It concludes with an analysis of tensions and contradictions in EU external economic policies.

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