The global trading system is in a period of unprecedented change, fuelled by rising protectionism and geopolitical instability. This is a critical moment for EU trade policy – all eyes are focused on the reaction to tariffs imposed by the new US administration, but the EU must also strengthen its bilateral trade relationships with the rest of the world.
By proactively forging mutually beneficial partnerships, rebuilding trust with third countries, and championing ambitious climate action, the EU can continue to make headway towards its strategic objectives and re-establish the positive role of trade cooperation to deliver solidarity in an increasingly volatile world.
The brief “Pursuing A Proactive Green Trade Agenda in a Multipolar World” by E3G finds that bilateral partnerships offer the best opportunities to drive progress in the new world order, diversifying global supply chains and supporting economic security. They will be key to the EU’s success in delivering a proactive trade agenda which:
> Positions the EU as a credible partner by presenting a reliable and cooperative offer to third countries who are battling geopolitical turmoil.
> Defends the international rules-based order by championing free trade cooperation and rebuilding trust with developing countries.
> Reframes trade as a force for good by delivering mutually beneficial outcomes to grow the clean economy at home and abroad.
Access the brief here
