EUROPEAN COMMON TRADE POLICY: KEY INSTRUMENT AND THEIR APPLICATION TOWARDS EMERGING POWERS

One of the most important competitors in the world market is the European Union, which currently represents a full-fledged single market with a practically formed system of financial regulation instruments. In this regard, it seems extremely topical to examine the European common trade policy and identify its influence on trade relations with different partners. The main focus is on the trade relations of the European Union with Brazil and with India. Although the attempts of creating a common market of free trade between the parties began many years ago until now no agreement has been reached.The Thesis studies the patterns of the EU trade strategy with main partners, some of which already received trade preferences, analyses in depth trade relations with India and Brazil and identifies obstacles that are on the way to a mutual agreement.