Trade policy has been in the news frequently since the United States decided in 2017 to use tariffs as an instrument to pressure countries to reform their economic policies. This is not just a US affair – globally, governments increasingly are making use of trade-related policies, especially subsidies, to bolster domestic production and exports. In the EU, many member states use national export credit and trade promotion agencies to support exports. The discussion in this session is part of a Horizon 2020 project coordinated by the EUI, Realizing Europe’s Soft Power in External Cooperation and Trade (RESPECT) that focuses on factors shaping the use of trade policy instruments in a world of global value chain-based specialization and implications for the (re-)design of international cooperation.
Chair: Bernard Hoekman, Robert Schuman Chair, Dean of External Relations, EUI