Trade is of crucial importance to the European Union, propelling economic growth and fostering international ties. Unravelling European trade terminology like “Customs Union” and “Tariff” is key to understanding the EU’s trade dynamics. Amid evolving global trade landscapes, comprehending terms aids discussions on agreements like the Comprehensive Economic and Trade Agreement (CETA). As the EU negotiates deals that shape its trade relations, familiarity with trade terminology ensures accurate communication and informed decision-making. Embracing trade-specific terms is therefore fundamental for grasping the EU’s role in international commerce and the impact on member states.
In the official EuroVoc classification, EU legislation in the field of TRADE is divided into 7 main domains with 26 sub-domains:
trade policy
- market
- public contract
- trade policy
- common commercial policy
- export policy
- import policy
- commercial law
- public procurement
tariff policy
- tariff policy
- common tariff policy
- customs regulations
- customs tariff
- EU customs procedure
trade
- supply
- trading operation
international trade
- international trade
- trade relations
- trade restriction
consumption
- consumer
- consumption
- goods and services
marketing
- marketing
- commercial transaction
- preparation for market
distributive trades
- storage
- distributive trades