The Trade Component in European Union Development Policy

Abstract

The study aims to define trade as one of the important components of European Union (EU) development policy. This has emerged since the establishment of the European Community, but it has formed along with development throughout the growth of the EU. Furthermore, this debate presents an example from South Asia to test the applicability of trade aspects in EU development assistance. Historical methods helped here to assess the EU’s overall aid and trade instrument of the EU, and its compatibility with development policy. In this discourse, there is a need to find the EU’s motive behind the trade component with development, where the 2007 Lisbon Treaty referred to it as complementary treatment for third countries. The finding mainly indicated that trade facilitation is a central backbone of development, so it is a two-way process of facilitations and opportunities.