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Assessment of « EU Law in the global context »

The European Union attracts more and more companies in the world which are considering expansion of their operations. Indeed, the European Union accounts today for 20% of global imports and exports. That makes the European Union the first trader in the world and that is why companies from others countries have the desire to export their goods in Europe or even wants to establish within the territory of the European Union. This open market has brought growing prosperity to all its member states. The Union therefore takes a lead in efforts to open up world trade for the benefit of rich and poor countries.
Firstly, it is important to know how the relations between the EU and Asia are in terms of trades nowadays.
It appears that EU-Asia relations are expanding rapidly, and the EU is seeking an increasingly close relationship with Asia, going beyond traditional cooperation, to economic integration and deepening of political cooperation.
For example, today, China is the single most important challenge for EU trade policy. We can say that the European Union and China are two of the biggest traders in the world. Indeed, their bilateral trade increased by 17% in 2007 and it has more than doubled between 2003 and 2007.
China is now the EU's 2nd trading partner behind the USA and the biggest source of imports and the EU is China's biggest trading partner.
In 2008 the EU and China launched a new strategic mechanism for driving trade and economic policy. The EU's open market has been a large contributor to China's export-led growth. The EU has also benefited from the growth of the Chinese market and the EU is committed to open trading relations with China. However it pushes China hard to trade fairly, respect intellectual property rights and meet its WTO obligations and obviously a company like Novaprise based in Asia would have to do the same if it wants to trade with EU