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EU Commercial Policy in a Multipolar Trading System

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  • Simon J. Evenett

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.

Suggested Citation

  • Simon J. Evenett, 2007. "EU Commercial Policy in a Multipolar Trading System," University of St. Gallen Department of Economics working paper series 2007 2007-15, Department of Economics, University of St. Gallen.
    • Handle: RePEc:usg:dp2007:2007-15
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    Cited by:

    1. Kristen Hopewell, 2015. "Different paths to power: The rise of Brazil, India and China at the World Trade Organization," Review of International Political Economy, Taylor & Francis Journals, vol. 22(2), pages 311-338, April.
    2. Çakır, Mustafa Yavuz & Kabundi, Alain, 2013. "Trade shocks from BRIC to South Africa: A global VAR analysis," Economic Modelling, Elsevier, vol. 32(C), pages 190-202.
    3. Gerrit Faber & Jan Orbie, 2009. "Everything But Arms: Much More than Appears at First Sight," Journal of Common Market Studies, Wiley Blackwell, vol. 47(4), pages 767-787, September.
    4. Evenett, Simon, 2007. "The Trade Strategy of the European Union: Time for a Rethink?," CEPR Discussion Papers 6283, C.E.P.R. Discussion Papers.
    5. Silja Baller & Gregory Sergi, 2008. "A Negotiator's Guide to Regional Trade Agreements : Considerations from an East Asian Perspective," World Bank Publications - Reports 6279, The World Bank Group.
    6. repec:bla:jcmkts:v:47:y:2009:i::p:767-787 is not listed on IDEAS
    7. Pierluigi Montalbano & Silvia Nenci, 2014. "The Trade Competitiveness of Southern Emerging Economies: A Multidimensional Approach Through Cluster Analysis," The World Economy, Wiley Blackwell, vol. 37(6), pages 783-810, June.
    8. World Bank, 2008. "A Negotiator's Guide to Regional Trade Agreements : Considerations from an East Asian Perspective," World Bank Publications - Reports 8034, The World Bank Group.

    More about this item

    Keywords

    WTO; European Union; regional trade agreements; BRICs;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration

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