Translation of "Système commercial des Douanes " (French → English) :

On 15 December 2009, the EU, a group of Latin American countries and the United States reached an agreement on the EU’s tariffs on banana imports, bringing to a close one of the most protracted and bitter disputes in the multilateral trading system’s recent history.

10. Recalls that the EU and India are important trading partners and founding members of the World Trade Organization (WTO); regrets the recent collapse of the DOHA Development Agenda (DDA) multilateral trade negotiations and the dispute on agricultural tariffs between the US and India; notes that the costs of failure of the WTO negotiations would include: the loss of possible welfare gains from new WTO reforms; the serious threat that the credibility of the international trading system and the WTO will be undermined; and the possibility of expanding trade protectionism and the risk that WTO members will replace multilateralism with ...[+++]bilateral and regional agreements; urges the EU and India to renew their efforts to bring about a comprehensive trade deal that would benefit not only the EU and India but also the wider international community;

10. Recalls that the EU and India are important trading partners and founding members of the WTO; regrets the recent collapse of the Doha Development Agenda (DDA) multilateral trade negotiations and the dispute on agricultural tariffs between the US and India; notes that the costs of failure of the WTO negotiations would include: the loss of possible welfare gains from new WTO reforms; the serious threat that the credibility of the international trading system and the WTO will be undermined; and the possibility of expanding trade protectionism and the risk that WTO members will replace multilateralism with bilateral and regional agre ...[+++]ements; urges the EU and India to renew their efforts to bring about a comprehensive trade deal that would benefit not only the EU and India but also the wider international community;

22. Endorses the Commission's recommendations aimed at creating a favourable climate for trade and investment flows between the two regions by consolidating the WTO multilateral trading system, strengthening the existing agreements with Mexico and Chile, negotiating association and free-trade agreements with Mercosur, the Andean Community (CAN), Central America and the Caribbean countries, and facilitating access to the European market for Latin American exports by applying tariff preferences and exemptions from duty under the GSP "plus" system;

22. Endorses the Commission's recommendations aimed at creating a favourable climate for trade and investment flows between the two regions by consolidating the WTO multilateral trading system, strengthening the existing agreements with Mexico and Chile, negotiating association and free-trade agreements with Mercosur, the Andean Community (CAN), Central America and the Caribbean countries, and facilitating access to the European market for Latin American exports by applying tariff preferences and exemptions from duty under the GSP "plus" system;

The TPRM in particular aims to achieve greater transparency in, and an understanding of, the trade policies and practices of WTO members, to encourage members to adhere to the rules in force in the multilateral trading system and, thus, to promote the smooth functioning of the system.