EU Commercial Policy in a Multipolar Trading System
25 Pages Posted: 22 May 2008
There are 3 versions of this paper
EU Commercial Policy in a Multipolar Trading System
EU Commercial Policy in a Multipolar Trading System
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: Suggested Citation
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