The trade crisis: good and bad scenarios and the EU's response
What role will the EU play in the resolution of the global trade crisis?
Speakers
Maria Demertzis
Leader, ESF, The Conference Board Europe
Denis Redonnet
Deputy Director-General, European Commission, DG Trade
The world trading system, a source of prosperity, is under attack on three fronts – WTO immobility, US skepticism, and China’s exceptionalism. On each of these fronts of uncertainty both good and bad scenarios are possible.
How the EU responds to the uncertainty will not only help fashion the outcome for Europeans, but will also critically affect the prospects of smaller nations. The EU’s willingness to preserve the multilateral trading system is commendable. Yet, the risk of a collapse of the trading system as we know it is real and the contingency must be addressed systematically (Plan B). Under any scenario, good or bad, the EU’s present policy could be made even more robust.
Bruegel researchers will briefly cover the findings of their new paper, followed by a debate among participants.
Related content
David and Goliath: The EU’s Global Gateway versus China’s Belt and Road Initiative
Geopolitics, trade blocs, and the fragmentation of world commerce
What does the future hold for international trade in an era of growing rivalries?
A trade policy framework for the European Union-United Kingdom reset
A reset in the relationship between the UK and the EU is underway. This paper recommends the main elements of the reset in terms of trade
