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Trade Policy and Global Uncertainties: How to Promote an Open Trade Agenda

Lucian Cernat

Australian Economic Review, 2019, vol. 52, issue 4, 455-461

Abstract: EU trade policy initiatives since 1995 offer better products at lower prices with estimated annual savings of up to €60 billion annually, which is especially beneficial for low‐income households who spend a larger share of income on basic commodities. If trade is so beneficial, why is there so much discontent? The paper argues that a convincing communication strategy in support of trade policy is key for trade policy legitimacy and gives the example of the European Commission's #FTAcomes2town platform based on firm‐level data. Politicians can zoom in across all EU members to find examples of small companies in their constituency exporting and creating jobs due to a trade measure.

Date: 2019
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https://doi.org/10.1111/1467-8462.12349

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Australian Economic Review is currently edited by John de New, Viet Hoang Nguyen and Susan Méndez

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