The key component of European Union external action is undoubtedly
its Common Commercial Policy. Under EU primary law, the exercise of this policy
falls within the exclusive competence of the EU. In order to assure its
implementation, the competent EU institutions negotiate and conclude
international agreements with third countries and adopt secondary law acts,
mainly in the form of Regulations with the aim of liberalizing and expanding
international trade as well as promoting-protecting the commercial interests of
member states' businesses in the international markets. The aim of the study is
to examine the question of the delimitation of the scope of the Common
Commercial Policy as well as the operation of the EU institutional system
regarding its the formation and implementation after previously analyzing the
objectives served by the exercise of this common policy in the field of
international economic relations.
JEL classification numbers: K20, K33, F13.
Keywords: European Union Law, Common Commercial Policy.