EU Commercial Policy in a Multipolar Trading System

25 Pages Posted: 22 May 2008

See all articles by Simon Evenett

Simon Evenett

University of St. Gallen - Economics Department - SIAW

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Date Written: May 2007

Abstract

In recent years the bipolar multilateral trading system of the post-war years has given way to a multipolar alternative. Although many specifics have yet to be determined, some contours of this new trade policy landscape are coming into focus and in this short essay I examine their implications for the European Union's external commercial policy. Particular attention is given to both the state of business-government relations and the propensity to liberalise under the auspices of reciprocal trade agreements by Brazil, India, and China; the potential new poles of the world trading system. I consider the likely consequences of these developments, plus factors internal to both the European Union and the United States, for the possible content of future multilateral trade initiatives.

Keywords: BRICs, European Union, regional trade agreements, WTO

JEL Classification: F13, F15

Suggested Citation

Evenett, Simon, EU Commercial Policy in a Multipolar Trading System (May 2007). CEPR Discussion Paper No. DP6284, Available at SSRN: https://ssrn.com/abstract=1136023

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