EU continues opening up export markets for European firms

EPA-EFE/JULIEN WARNAND

European Union flags fly near the seat of the European Commission at the Berlaymont building in Brussels, Belgium, 05 May 2018. EU institutions in Brussels opened their doors to the public on 05 May to celebrate 'Europe Day'.

EU continues opening up export markets for European firms


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The European Commission’s Trade and Investment Barriers Report released on 17 June confirmed the rise in barriers encountered by European companies in foreign markets.
Thanks to the Union’s firm response, 123 such barriers have been eliminated since the beginning of the current Commission mandate, bringing the total number to a record high of 425 measures in 59 different countries, and allowing for more than €6 billion extra exports in 2018. China and Russia top the list, with respectively 37 and 34 problematic trade measures.
The Report has been published annually since the beginning of the 2008 economic crisis, and is based on trade and investment barriers on foreign markets, reported by European companies.

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