cover image: ANALYSIS EU Trade Policy Must Focus on Market Openness and New

20.500.12592/52i7zfw

ANALYSIS EU Trade Policy Must Focus on Market Openness and New

7 Oct 2024

This has negative implications for the trans- and the climate crisis is worsening, the Commission atlantic trade relationship, which is one of the most must focus more strongly than before on trade open- important trade and investment pillars for the EU and ness and global partnerships at eye-level. [...] Strengthen Bilateral Trade with the US and iffs of 10 percent that were announced by the United Explore the Potential of a Plurilateral Deal States would be applied.11 Bearing in mind the bilateral trade policies mentioned above, what should trade relations with the EU’s larg- est trade and investment partner, the United States, look like in the future? One thing is certain: regard- less of the ou. [...] Despite the current shortcomings of GASSA (see info In early 2025, regardless of the outcome of the US box), it makes sense to take a closer look at it as a elections, the EU will discuss whether to restart the template for possible transatlantic (or plurilateral) retaliatory tariffs against the United States in return cooperation when dealing with the green transition for the US steel and aluminu. [...] The agreement was suspend- sion? How should major stakeholders be included? ed in 2016 due to difficulties related to the definition How can the text be incorporated into the WTO of environmental goods (particularly regarding Chi- framework? Etc.), the large group of members of na) and the election of Donald Trump as president of the stabilized text, including the EU and China, the United States. [...] CONCLUSION: NEW WAYS TO PROMOTE PARTNERSHIPS AND PRESERVE THE GLOBAL ORDER ARE NECESSARY For the EU to remain a global player on trade, the new Commission must return its focus to market open- ness and partnerships with reliable countries – not only in the transatlantic and G7-plus fields but also with the countries of the Global South.

Authors

DGAP

Pages
18
Published in
Germany

Table of Contents