Despite the difficult global economic climate, European companies have continued to make good use of the opportunities created by the European Union’s trade network – the largest in the world. In 2018 this network covered 31% of Europe’s trade exchanges, a figure that is set to rise significantly (to almost 40%) as more trade agreements enter into force, according to the European Commission’s annual report on the implementation of trade agreements released today. Overall, trade accounts for 35% of the EU’s gross domestic product (GDP).
The Joint Customs Operation HYGIEA was carried out within the Asia-Europe Meeting (ASEM) framework as part of joint efforts of the participating countries in the fight against counterfeit goods.
A summary of the hearing is now available.