Greece has three free trade zones in the port areas of Piraeus, Thessaloniki and Heraklion. Foreign goods may be transferred to these areas without payment of customs duties or other taxes and remain free of customs duties and taxes in the event of further transfer or re-export. Greece, a member of the World Trade Organization (WTO), has both mandates and trade barriers initiated by the Greek government. EU rules, directives and legislation apply. Firstly, the Commission reaffirms its strong and pro-trade policy, which is underpinned by the following economic reality. That the EU is the largest exporter of agri-food products, with exports of 129 billion euros in 2015. These export results were determined by EU agricultural policy, technological progress and trade policy. Over the next ten years, the European Commission estimates that 90% of the additional food demand will be produced outside the EU. The Commission therefore expects it to continue its support for free trade agreements. Greece and Japan already have close trade relations. The EU-Japan trade agreement will give it a big boost. The EU-Japan trade agreement will make it easier and cheaper for them to do so.
Take your business to the next level. Explore opportunities to increase your footprint in Greece with the help of our Trade Commissioner Service (TCS) and learn more about trade relations between the two countries, market facts and other discoveries. Greece is one of the nations currently participating in the negotiations on the Transatlantic Trade and Investment Partnership (TTIP) with the rest of the European Union and the United States. The United States and the European Union enjoy a strong bilateral trade relationship in 2015 totalling $698.7 billion. A free trade agreement such as TTIP aims to strengthen these relationships by removing tariffs, bringing in rules compatible with open trade and encouraging trade in the services sector. Japan is Greece`s 27th largest trading partner outside the EU. The final point is that the Commission is showing a realistic assessment of the benefits and limitations of free trade agreements when it asks the following question: “The central question of this study is: are trade agreements trade or is the EU just making trade-and-trade agreements anyway?” In this context, although the report deals broadly with agricultural trade, it focuses on three specific EU free trade agreements with Mexico (2000), Switzerland (2002 and 2005) and South Korea (2011). Mexico is one of the earlier, more fundamental free trade agreements focused on reducing tariffs and quotas. Switzerland, the largest neighbouring trading partner for food and agricultural products. And South Korea, one of the EU`s most ambitious and comprehensive free trade agreements. Austrade strongly recommends confirming them before the sale to Greece.
You will find a list of trade agreements with the EU and its member states, as well as concise explanations in TCC – Trade agreements are bilateral and multilateral trade agreements to which that country is a part, including the United States. Includes websites and other resources that allow U.S. companies to get more information about how they can use these agreements. The EU recently published a detailed review of “the impact of EU trade agreements on the agricultural sector.” The document is published, in its own words, in a context of growing protectionism within the EU and its main trading partners. With an in-depth review of some of the EU`s key free trade agreements, the report aims to support the debate on the pros and cons of trade liberalization.