Strategies and Components of EU Common Trade Policy

The European Union accounts for 19.7 percent of global trade in 2014. The EU with €1794 billion imports and €1687 billion of exports as well as absorbing some €523 billion foreign direct investments, the EU has gained the first position in these matters. The EU performs this large volume of trade in the framework of a special regulatory policy called the Common Trade Policy of the European Union. Now that the EU has been transformed into the world's largest trading power, we might ask what is the strategy of EU trade policy? What set of tools are being used to move it forward and what are its decision-making structures and mechanisms? And what are the main objectives of this policy? Given the importance of knowing the dimensions of the Europe Union's trade policy for the Islamic Republic of Iran, which is one of the EU’s trade partners, this article seeks to identify and analyze the implementation of the EU common trade policy mechanism and its various aspects. by discussing the answers to the above questions This article is a descriptive analysis and makes use of inferential research methodology to reach its objectives.