Common Commercial Policy Definition | Legal Glossary | LexisNexis
Powered by Lexis+®
  Case studies

"Everything at Advocates is done on a timed basis, so we need to conduct our research efficiently. We don't want to charge clients unnecessarily or write off our time. With Lexis products, we can get more research done each day"

Advocates


Access all documents on Common Commercial Policy

GET ACCESS NOW

GLOSSARY

Common Commercial Policy definition

Published by a LexisNexis EU Law expert

What does Common Commercial Policy mean?

Counterpart to the creation of a customs union between the EU’s member States, it implies uniform conduct of trade relations with third countries.

An integral area of the EU’s exclusive competence and one of the Union’s main pillars in its relations with the rest of the world, the Common Commercial Policy (art. 207 of TFEU) is based on a common external tariff uniformly applied to all Member States. The Common Commercial Policy is the counterpart to the creation of a customs union between the EU’s Member States and implies uniform conduct of trade relations with third countries (common tariff for customs, common regimes for import and export).

Speed up all aspects of your legal work with tools that help you to work faster and smarter. Win cases, close deals and grow your business–all whilst saving time and reducing risk.