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 EU is acceding to the Geneva Act of the Lisbon Agreement on appellations of origin and geographical indications (“the Geneva Act”). The Council today adopted a decision authorising the accession of the EU to the Geneva Act and a regulation laying down the rules governing the exercise by the EU of its rights (and the fulfilment of its obligations) under the Geneva Act.
– ‘Miód spadziowy z Beskidu Wyspowego’