THE EUROPEAN UNION AS TRADE POWER - THE SIGNIFICANCE OF COMMON COMMERCIAL POLICY.

A commercial policy is an important indicator of the economic standing of a state pursuing that policy and an indicator of the course of its foreign and economic policy. Cardinal importance in the development of the EU's position as a leading power in trade and through trade is attached to the EU's common commercial policy (CCP). This article aims to demonstrate the significance of the common commercial policy to the EU's position in the international scene as a trade power. The research hypothesis formulated in the article is that the EU is a trade power both in and through trade, is capable of influencing other states' policy and builds its position because of the trade policy it pursues. The EU is a power in trade, which means that access to the EU market is used to boost the exports of its own goods, capital and services and a power through trade, which entails the export of EU legal regulations and standards. Empirical (indirect observation and description) and general methods, including deduction and induction, were used to achieve the aim of the study. Research techniques such as cause-and-effect, comparative, documentary, historical, and synthesis were of great importance. [ABSTRACT FROM AUTHOR]

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