EU Commercial Policy in a Multipolar Trading System

Simon Evenett

No 6284, CEPR Discussion Papers from Centre for Economic Policy Research

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: Wto; European union; Regional trade agreements; Brics (search for similar items in EconPapers)
JEL-codes: F13 F15 (search for similar items in EconPapers)
Date: 2007-05
New Economics Papers: this item is included in nep-eec
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Journal Article: EU Commercial Policy in a Multipolar Trading System (2007)
Working Paper: EU Commercial Policy in a Multipolar Trading System (2007)
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