EconPapers    
Economics at your fingertips  
 

THE EUROPEAN UNION'S INITIATIVES IN THE CONTEXT OF MAJOR CHANGES IN GLOBAL TRADE POLICIES

Claudia Gabriela Baicu and Iulia Monica Oehler-Șincai
Authors registered in the RePEc Author Service: Iulia Monica Oehler-Şincai ()

Euroinfo, 2021, vol. 5, issue 4, 107-123

Abstract: In less than 15 years since the outbreak of the international financial and economic crisis in2008, trade flows and the international trading system have been affected again, this time, due to theCovid-19 pandemic. The activity of global value chains has been severely disrupted in all regions of the world, including the European Union. Therefore, the present paper aims to analyze the European Union's recent initiatives in terms of trade policies, against the background of (i) major changes that have taken place worldwide after the global financial crisis and (ii) the developments manifested during the pandemic. The findings of this study highlight the accentuation of protectionist tendencies worldwide and the increasing relevance of non-tariff instruments. A special place is held by subsidies, whose role has become even more important as a result of the pandemic. The European Commission underlines the need to review the European Union’s trade policy to support the post-pandemic economic recovery and the transition to the green and digital economy. It also remains in favor of multilateralism and reform of the World Trade Organization.

Keywords: international trade; trade policies; protectionism; COVID-19 pandemic; European Union (search for similar items in EconPapers)
JEL-codes: F13 F14 F19 F53 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.iem.ro/rem/index.php/euroinfo/article/view/814/896 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iem:eurinf:v:5:y:2021:i:4:p:107-123

Access Statistics for this article

Euroinfo is currently edited by Simona Moagar Poladian, PhD

More articles in Euroinfo from Institute for World Economy, Romanian Academy Contact information at EDIRC.
Bibliographic data for series maintained by Ionela Baltatescu ( this e-mail address is bad, please contact ).

 
Page updated 2022-07-27
Handle: RePEc:iem:eurinf:v:5:y:2021:i:4:p:107-123