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2022 | OriginalPaper | Chapter

10. Future Challenges to Trade Policy in Support of International Business

Author : Louise Curran

Published in: Global Trade and Trade Governance During De-Globalization

Publisher: Springer International Publishing

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Abstract

This chapter will explore the key emerging innovations in EU trade policy, as it seeks to respond to the multiple conflicting pressures within the post-COVID-19 world. This will involve balancing the needs of their economies and businesses with the necessity to protect their populations, workers and the planet. Trade policy will need to respond, not just to the economic crisis and restructuring which COVID-19 has engendered, but also to the longstanding criticisms of globalisation which were widespread in the years leading up to it.
The chapter will highlight the key debates on trade policy, especially as policymakers seek to ensure that sustainability concerns are better integrated into EU policy at the unilateral level. The different proposals which are being enacted (or are under discussion) will be discussed and their potential impacts on international business highlighted. These impacts will vary depending on the sector, the extent to which companies have integrated sustainability concerns into their strategic orientation and their individual value chains. This complicates somewhat the development of a clear business and policy stance.

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previous chapter Sustainable Development in EU Trade Agreements: Different Trade Partners, Different Rules?
next chapter Two Lenses to Megatrends in Trade Policy: Towards a Future-Oriented Contextual Approach
Footnotes
7
The administration initiated, in particular, two Section 232 investigations into Steel and Aluminium imports, thereby resuscitating an instrument which, although widely used in the 70s and 80s, had fallen into disuse, with the last investigation dating from 2001.
 
8
As noted in Morrison (2019), under previous administrations, this process would have led to a WTO complaint, not unilateral tariffs.
 
9
For example, in the EU, the threat of import surges in steel products which were deflected from the US market by the 232 tariffs, was the basis for Safeguard measures against steel imports. This action was strongly opposed by up-stream steel users like the car industry.
 
13
At the end of 2020, China faced 4 antidumping duties on aluminium products and 17 on various iron and steel products. Russia faced duties on 7 iron and steel products (CEC, 2021a, 2021b, 2021c).
 
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Metadata
Title
Future Challenges to Trade Policy in Support of International Business
Author
Louise Curran
Copyright Year
2022
Book
Global Trade and Trade Governance During De-Globalization

Print ISBN: 978-3-031-13756-3

Electronic ISBN: 978-3-031-13757-0

Copyright Year: 2022

DOI
https://doi.org/10.1007/978-3-031-13757-0_10

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