The Covid-19 pandemic has added a massive shock to global markets that were already strained by trade tensions. Going forward, we must contend with a trade landscape where business face significant uncertainty, and governments are looking to minimise the economic fall-out on citizens.
An effective and successful EU trade policy should support trade, investment and jobs creation. It should drive sustainable growth, competitiveness and decent jobs, and support successful agriculture and better consumer choice both abroad and in Europe.
Positive economic development needs a strong combination of different policies. Trade policy is only one part of the solution. It cannot resolve social inequality, but it can support the right kind of development.
This is why rethinking trade matters. This is why the EU must differentiate between temporary and Covid-19-related action from permanent changes before making any final decisions based on the new EU trade policy strategy. Read More.