Common Commercial Policy
The EU is a customs union having economic agreements with most countries or blocks of countries. The EU negotiates on behalf of the Member States. Most international agreements can now be decided by a qualified majority in the Council and with the assent procedure of the European Parliament.Future
The Lisbon Treaty will add direct foreign investments and trade with intellectual property to the competence of the common trade policy. It also introduce qualified majority votes on negotiations in the World Trade Organization, WTO. See Art. 207 TFEU and 212.3 TFEU.
Links
See also Agreements with other countries, Free trade area and Legal personality.
http://europa.eu.int/pol/singl/index_en.htm
http://www.eu2004.ie/templates......ndard.asp?sNavlocator=4,22,325

