Open Access
EU trade policy: challenges and opportunities
Loading...
Files
RSCAS PP 2019_06.pdf (1.55 MB)
Full-text in Open Access
License
Access Rights
Cadmus Permanent Link
Full-text via DOI
ISBN
ISSN
1830-1541
Issue Date
Type of Publication
Keyword(s)
LC Subject Heading
Other Topic(s)
EUI Research Cluster(s)
Initial version
Published version
Succeeding version
Preceding version
Published version part
Earlier different version
Initial format
Author(s)
Citation
EUI RSCAS PP; 2019/06; Special Edition for the EP Elections 2019; [European Governance and Politics Programme]
Cite
HOEKMAN, Bernard M., PUCCIO, Laura, EU trade policy: challenges and opportunities, EUI RSCAS PP, 2019/06, Special Edition for the EP Elections 2019, [European Governance and Politics Programme] - https://hdl.handle.net/1814/61589
Abstract
Trade has become a much higher profile policy area for the European Union following the decision by the Trump Administration to pursue a more protectionist trade policy and US questioning of multilateral cooperation and the WTO, and the rising concern in the EU regarding the competitive implications of China’s industrial policies. Designing appropriate responses to trade tensions will be one of the challenges confronting the new Commission. Responding to protectionism abroad with protectionism at home is not the answer; maintaining an open policy stance is important for economic growth prospects. As the world’s largest trading power, the EU should ramp up efforts to revitalize the WTO and deepen trade cooperation with like-minded countries to discipline the use of globally welfare-reducing trade and investment policies. Further improving transparency and monitoring the implementation of trade policy is needed to address legitimacy concerns and ensure the political sustainability of the EU’s trade strategy.