The EU imports more from developing countries than the USA, Canada, Japan and China put together. [View all]

[pampango]

The EU is the most open to developing countries. The EU imports more from developing countries than the USA, Canada, Japan and China put together.

The EU is the top trading partner for 80 countries. By comparison the US is the top trading partner for a little over 20 countries.

The EU benefits from being one of the most open economies in the world and remains committed to free trade. The average applied tariff for goods imported into the EU is very low, less than 1%. More than 70% of imports enter the EU at zero or reduced tariffs.

The EU’s services markets are highly open and we have arguably the most open investment regime in the world.

In fact the EU has retained its capacity to conclude and implement trade agreements. The recent Free Trade Agreements with South Korea and with Singapore are examples of this and the EU has an ambitious agenda of trade agreements in the pipeline.

http://ec.europa.eu/trade/policy/eu-position-in-world-trade/

All this and the best income equality figures in the world. FDR would not have been surprised.